Toyota Extends Record Incentives Another Month
Last month, sales of Toyota vehicles shot up 40% compared to last year, much of it attributed to the large incentives. It doesn't look like Toyota is willing to risk a drop in sales quite yet.
This is great news for car shoppers no matter which model interests them. With Toyota taking the lead, an incentives war has kicked off forcing other car makers to offer their own attractive incentives.
Toyota's incentives for April include 0% financing for up to 60 months on most models, rebates as high as $1,500, and special lease deals varying by region. They have also extended their two year 25,000 mile free maintenance program and made it available to all buyers. Previously, the free maintenance program was offered only to previous Toyota owners.
No one knows how long Toyota will continue offering incentives like this, but many analyst believe it will be until at least the beginning of summer. Nevertheless, if you're interested in purchasing a Toyota, now is a fantastic time to get a great deal.
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