Ford Offering Great Incentives in February
Whether you choose to get a low percentage loan or cash back, Ford is offering a $1,000 promotional bonus in addition to either choice. The deal runs through February 28.
Small and medium size cars like the Focus and Fusion offer $1,500 cash back for 2010 models, while SUVs like the Expedition and Explorer come with $2,000 cash back. 0% APR is available for most models for a loan period of up to 36 months, with the SUVs leading the long term interest rates with a scant 1.9% for a 60-month term.
Interestingly, the Ford Ranger might be the best deal this month for buyers. A whopping $3,500 is available when one combines the cash back with the promotional award, for a vehicle which is generally cheaper than most mid-size sedans.
The venerable Mustang is light in cash back rebates, at only $500, but a 0% APR for qualified buyers on loans up to 60 months could be worth checking out.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and Ryde Shopper 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.
- 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