Ford Offers Incentives to Clear Leftover Inventory
In addition to its regular cash-back programs, they've added an extra "Promotional Retail Bonus Consumer Cash" program to cap a final round of incentives for the year.
The most attractive deals are on the outgoing Ford Focus, which gets $3,000 cash back on the 2010 and 2011 model years.
Ford's outgoing 2010 Edge has $4,000 cash back, $1,000 of which is a dealer incentive that you may have to squeeze out of your dealer.
The 2011 Ford Fiesta has 5.9% financing for 60 months to qualified buyers, which is better than last month's 8.9% for 72 months.
All 2010 Ford model year vehicles are offered with 0% financing for 36 months. Most of these incentives are effective until Jan. 3.
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