2011 Hyundai Sonata Hybrid Comes With $1,300 Tax Credit
However, all hybrid tax credits are set to expire on December 31, 2010, so you won't have much time to act.
Here are a few things to be aware of before you rush out to place an order.
Some dealers will take advantage of the fact that this car is in demand and will mark up the price.
This could offset any savings you hope to get from the tax credit.
If you wait a few months, you can save the same amount of money - or more.
The initial buying frenzy will subside, and prices will fall.
You'll have a better selection and be able to realize your savings instantly, rather than a year later when you file your tax return.
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