Top Car Incentives for August and September
These deals include factory-to-customer rebates, low interest loans, special lease deals, and hidden factory-to-dealer cash that dealers use to reduce prices.
Watch for these incentives to start cropping up in August and September, making these months one of the best times to buy a new car.
Here is what we can expect from the following brands for the next couple of months:
BMW: extremely low interest loans on 2010 6-Series, M6, X3, and some 5-Series. Factory-to-dealer cash as high as $10,000. Some excellent lease deals will be available on the 3-Series.
Chrysler: rebates in the $2000-$1000 range on nearly all 2010 models - as well as 0% APR loan deals on nearly all 2010 models. Dealer cash ($1000) on some models.
Ford: will offer customer rebates in the $500-$2500, depending on model for 2010s - or 0% APR loan deals on nearly every 2010 vehicle. Dealer cash in the $3000-$6500 range will be available for many 2010 Ford models, especially Lincoln and Mercury.
GM: rebates as high as $4000 on some models (even higher for trucks) and low interest loans, including 0% APR on selected models.
Honda: low-interest loans on many 2010 vehicles.
Hyundai-Kia: rebates in the $1000-$2500 range, depending on specific 2010 model.
Land Rover: low interest loans.
Mercedes: low interest loans.
Mitsubishi: rebates in the $1000-$4000 range for 2010 models.
Nissan: rebates in the $1000-$4000 range and 0% APR loans for most 2010 models. Dealer cash in the range of $1000-$4500.
Toyota: modest rebates and 0% APR loans on most 2010 models Factory-to-dealer cash of $1000-4500 will be available.
Volkswagen & Audi: low-interest loans, including 0% APR. Factory-to-dealer cash of $2000-$6000 will be offered on 2010 Audi models.
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