Better Car Deals Being Offered in July
Disappointing June sales are forcing automakers to extend discounts -- including rebates and better loan terms -- on new cars and trucks.
Toyota is extending incentives through Aug. 2, including low- and no-interest financing - caused by fallout from its massive recalls.
Incentives for July are slightly better than they were in June, but don't expect rock-bottom pricing like last summer. Automakers are keeping inventories low so as not to require expensive incentives to move cars off lots.
Still, there are good deals to be had. General Motors is offering 0% financing across most of its brands, as is Ford and Nissan. Even Mini and Honda are offering low-interest financing.
Special lease deals are available too. Plus, if sales continue to slow, automakers may sweeten deals even more to clear 2010 models off their lots to make way for the 2011 models.
My Recommendation for Car ShoppersTrueCar No-Haggle, CarsDirect, and NADAGuides 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