Now a Good Time For Chevy Deals
This week, an article in Automotive News (a trade journal for car dealers) caught my eye - it was about how some Chevrolet dealers were upset with a new incentives programs Chevrolet is offering.
Whenever dealers are upset about something, it's usually a good thing for car shoppers - and this is exactly one of those cases.
The article goes over a new incentives program from Chevrolet called "Flex Cash", which awards dealers based on their previous month's sales numbers. Flex Cash allows dealers to discount new cars by up to $4,000, and lease deals by up to $2,000. The more cars a dealer sells, the more Flex Cash they will have to offer next month.
Low volume dealers see this as being unfair (which is actually true), but as car shoppers, their loss is our gain.
However, you need to know how to take advantage of this new incentives program. You can't just assume that any Chevrolet dealer you go to will have this available. The most important thing you need to do to take advantage of this program is to get bids from at least 7 different dealerships - basically use my step-by-step negotiation process to squeeze every last cent of Flex Cash you can.
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