New Car Rebates and Incentives for April
Incentives from Toyota, Honda, Acura, Cadillac, Chevrolet, and a few others had already been announced before the quake, but beyond these few, new incentives have been modest, or non-existent - and we can expect this to be the case through summer.
The best deals continue to be on leftover 2010 models at dealerships.
Dealers must get rid of these older models and are offering rebates, low-interest loans, and factory-to-dealer cash. However, expect choices to be limited and only consider buying a leftover if you can get a discount of at least 25% compared to the current year model.
Here is a summary of some of the current incentives for April 2011:
Hyundai – $400 to $500 rebates on some models. $1500 on 2011 Genesis, $1000 on Veracruz, Equus, Sante Fe.
Nissan – Good rebates are being offered this month on a few models/styles (up to $3500 on 2011 Titan, $2500 on 2011 Pathfinder, $2000 on 2011 Frontier, $1500 on 2011 Maxima).
Infiniti – Low interest rates (0% APR on 2011 G37 Convertible; 0.9% on 2011 EX, FX, G Coupe, G Sedan; and 1.9% on the 2012 M, 2011 M37, M56).
BMW – Special leases are available for the 2011 1-Series, 3-Series, 5-Series, 7-Series, X3, X5, X6, and Z4. Low interest rates (as low as 0.9% APR) are offered on most models.
Ford – Small rebates averaging about $500, even on 2010 models. Low-interest loan rates in the range of 0% APR to 2.9% APR are also being offered.
Chrysler – Decent rebates on leftover 2010 models - $6,750 on 2010 Chrysler 300, $5,500 on 2010 Chrysler Sebring and Town and Country, $3,750 on 2010 Chrysler PT Cruiser.
Mazda – Rebates of $500 on many models, 0% APR loans on selected models, and a few good lease deals on limited styles of the 2011 CX-7, CX-9, MAZDA3, MAZDA5, MAZDA6, and MX-5 Miata.
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