GM and Chrysler May Cut Back on Incentives Later This Year
GM and Chrysler currently have one of the highest incentives spending in the industry.
GM plans to shut down 13 plants by 2010. Chrysler will also be closing several plants.
This will reduce the number of vehicles produced giving GM and Chrysler an advantage as far as supply and demand go.
If car sales pick back up, it's almost a certainty incentives on GM and Chrysler will go down, by as much as $3,000 per vehicle.
If sales do pick back up, the next 3-6 months offer the best opportunity to get the best deals on GM and Chrysler cars.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each 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