Chevrolet Ups Incentives on 3 Models
January 14, 2016
Chevrolet has increased dealer incentives on three popular models this month: Cruze, Malibu, and Silverado. Under the new program, Chevrolet will pay dealers up to $1,000 each time they sell one of these vehicles (as long as dealers hit certain sales targets).
This type of incentive is typically referred to as a "stair-step incentive", which tends to benefit high-volume, low-margin dealerships. It encourages dealers to price some vehicles below cost near the end of each month - this is to ensure they hit their sales targets and not miss out on the bonus cash, which can be worth tens or even hundreds of thousands of dollars.
The best way to take advantage of this type of incentive is to wait towards the end of the month and get bids from multiple dealers (I recommend 7 dealerships) - here's the step-by-step guide you should follow.
My Recommendation for Car ShoppersTrueCar, RydeShopper, and CarsDirect are the best 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.
- Gregg Fidan
Get My Free Weekly Advice on Car BuyingEach week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
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.
Latest Weekly Car Buying Tips RSS Feed
January 21, 2021
January 14, 2021
January 7, 2021
December 31, 2020
December 24, 2020
December 17, 2020
December 10, 2020
December 3, 2020
November 26, 2020
November 19, 2020
November 12, 2020
November 5, 2020