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The Best Deals on Leftover 2010 Models

January 20, 2011

Leftover CarsAs we begin approaching February, car dealers are really getting desperate to sell off last year's leftover inventory.

Nationwide, there are still nearly a quarter-million 2010 model-year vehicles available for sale. Toyota, Ford, Dodge, Chrysler and Honda each have more than 15,000 cars leftover from 2010.

Car dealers lose money each month a car sits on their lot due to floorplan financing costs. In addition, they want to get rid of the leftovers to make room for the new 2011 models.

If you plan to keep your vehicle for more than 5 years, then buying a leftover model may be a great choice for you. One main drawback is that you're going to be severely limited when it comes to choosing colors and options.

As long as you're OK with that, here are some of the best deals being offered by each car maker:

Acura 0% financing on most 2010 models
BMW$17,500 in hidden dealer cash for the 2010 6-Series and M6
Buick$4,500 rebate and 0% financing on the leftover Lucerne
ChevroletUp to $5,000 in cash rebates on trucks. 0% financing on all 2010 models except Camero and Equinox.
Chrysler 0% financing on nearly all remaining 2010 models. Up to $6,500 in hidden dealer cash for the Chrysler 300, Dodge Dakota, and Jeep Grand Cherokee.
CadillacUp to $10,000 in hidden dealer cash on 2010 Cadillac DTS and CTS. $8,000 on the Escalade.
Ford Up to $5,000 rebate on most 2010 trucks and SUVs. 0% financing on most 2010 models.
GMC$5,000 rebate on all trucks.
MazdaUp to $3,500 in hidden dealer cash on 2010 Mazda CX-9, Mazda6, MX-5 Miata, RX-8
KiaUp to $3,000 cash back on 2010 Kia Optima, Sedona
MitsubishiUp to $4,500 cash back on 2010 Mitsubishi Endevor
NissanUp to $4,500 cash back on 2010 Nissan Armada, Titan
SaabUp to $7,000 cash back on 2010 9-3
Toyota Up to $3,000 cash back or 0% financing on most remaining 2010 models.
VolvoUp to $6,000 in hidden dealer cash on 2010 S80, XC70

My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, 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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Gregg Fidan

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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