Customer Incentives Increasing on Luxury Cars
There's an incentives war brewing among luxury vehicles right now.
Lexus has led the rise by boosting discounts on its cars by 54% this year and SUVs by 60%, according to Autodata Corporation. Mercedes and BMW have raised their customer incentives by 11% and 6.9% respectively.
All three brands are competing for the #1 best-selling luxury brand title this year. Lexus had held the title for 11 years in a row, but last year BMW took the crown. Lexus is determined to get it back.
Although Audi is not a contender in the race, they have also gotten into the game by raising incentives 18% this year. If you're considering buying or leasing a luxury car, the next several months offers you a great opportunity to get a great deal.
Use the free CarWoo Deal Finder to take advantage of these increased discounts.
Luxury Lease Deals under $500 per Month
|2012 Audi A4||$329||36||$2,899||10000|
|2012 Lexus IS 250||$329||27||$3,299||10000|
|2012 BMW 1 Series||$369||36||$2,500||10000|
|2012 Lexus ES 350||$369||36||$3,880||10000|
|2012 Mercedes Benz C-Class||$369||33||$2,865||10000|
|2012 BMW 3 Series||$399||36||$2,750||10000|
|2012 Lexus RX 350||$399||36||$3,209||10000|
|2012 Mercedes Benz GLK-Class||$419||30||$3,389||10000|
|2012 BMW Z4||$459||36||$2,500||10000|
|2012 Audi A5||$479||36||$2,799||10000|
|2013 Lexus RX 350||$489||27||$3,125||10000|
|2012 Mercedes Benz SLK-Class||$499||33||$3,275||10000|
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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