Top Car Incentives for August and September
The dog days of August are bringing some sizzling deals, as dealers are looking to clear out the 2010 models to make room for the 2011s rolling into showrooms.
These deals include factory-to-customer rebates, low interest loans, special lease deals, and hidden factory-to-dealer cash that dealers use to reduce prices.
Watch for these incentives to start cropping up in August and September, making these months one of the best times to buy a new car.
Here is what we can expect from the following brands for the next couple of months:
BMW: extremely low interest loans on 2010 6-Series, M6, X3, and some 5-Series. Factory-to-dealer cash as high as $10,000. Some excellent lease deals will be available on the 3-Series.
Chrysler: rebates in the $2000-$1000 range on nearly all 2010 models - as well as 0% APR loan deals on nearly all 2010 models. Dealer cash ($1000) on some models.
Ford: will offer customer rebates in the $500-$2500, depending on model for 2010s - or 0% APR loan deals on nearly every 2010 vehicle. Dealer cash in the $3000-$6500 range will be available for many 2010 Ford models, especially Lincoln and Mercury.
GM: rebates as high as $4000 on some models (even higher for trucks) and low interest loans, including 0% APR on selected models.
Honda: low-interest loans on many 2010 vehicles.
Hyundai-Kia: rebates in the $1000-$2500 range, depending on specific 2010 model.
Land Rover: low interest loans.
Mercedes: low interest loans.
Mitsubishi: rebates in the $1000-$4000 range for 2010 models.
Nissan: rebates in the $1000-$4000 range and 0% APR loans for most 2010 models. Dealer cash in the range of $1000-$4500.
Toyota: modest rebates and 0% APR loans on most 2010 models Factory-to-dealer cash of $1000-4500 will be available.
Volkswagen & Audi: low-interest loans, including 0% APR. Factory-to-dealer cash of $2000-$6000 will be offered on 2010 Audi models.
My Recommendation for Car ShoppersTrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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