Ford and GM Offer Incentives to Lure Toyota Owners
General Motors is offering Toyota owners a waiver of three lease payments (up to $1,000), 0 percent financing on any purchase for up to 60 months or a $1,000 cash back bonus. Ford is doing much the same, although they have extended their offer to anyone owning a Honda or related products due to a recall based on the Honda Fit.
The deals will last until the end of the month and could represent a good choice for car buyers who may or may not have been considering the two domestic automakers. Ford has received plaudits both for the new Focus and its Fusion, while the 2011 Buick Regal and the Cadillac CTS have earned GM respect among automotive journalists.
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