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As 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 | Chevrolet | Up 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. | Cadillac | Up 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. | Mazda | Up to $3,500 in hidden dealer cash on 2010 Mazda CX-9, Mazda6, MX-5 Miata, RX-8 | Kia | Up to $3,000 cash back on 2010 Kia Optima, Sedona | Mitsubishi | Up to $4,500 cash back on 2010 Mitsubishi Endevor | Nissan | Up to $4,500 cash back on 2010 Nissan Armada, Titan | Saab | Up to $7,000 cash back on 2010 9-3 | Toyota | Up to $3,000 cash back or 0% financing on most remaining 2010 models. | Volvo | Up to $6,000 in hidden dealer cash on 2010 S80, XC70 |
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