Customer Incentives Increasing on Luxury Cars
Lexus has led the rise by boosting discounts on its cars by 54% this year and SUVs by 60%, according to Autodata Corporation. Mercedes and BMW have raised their customer incentives by 11% and 6.9% respectively.
All three brands are competing for the #1 best-selling luxury brand title this year. Lexus had held the title for 11 years in a row, but last year BMW took the crown. Lexus is determined to get it back.
Although Audi is not a contender in the race, they have also gotten into the game by raising incentives 18% this year. If you're considering buying or leasing a luxury car, the next several months offers you a great opportunity to get a great deal.
Use the free RydeShopper to take advantage of these increased discounts.
Luxury Lease Deals under $500 per Month
|2012 Audi A4||$329||36||$2,899||10000|
|2012 Lexus IS 250||$329||27||$3,299||10000|
|2012 BMW 1 Series||$369||36||$2,500||10000|
|2012 Lexus ES 350||$369||36||$3,880||10000|
|2012 Mercedes Benz C-Class||$369||33||$2,865||10000|
|2012 BMW 3 Series||$399||36||$2,750||10000|
|2012 Lexus RX 350||$399||36||$3,209||10000|
|2012 Mercedes Benz GLK-Class||$419||30||$3,389||10000|
|2012 BMW Z4||$459||36||$2,500||10000|
|2012 Audi A5||$479||36||$2,799||10000|
|2013 Lexus RX 350||$489||27||$3,125||10000|
|2012 Mercedes Benz SLK-Class||$499||33||$3,275||10000|
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