Before purchasing a new car, you should learn about the new
car deals and incentives offered by manufacturers so that you can
get the best value for your money. There are several rebates and dealer
incentives that the average consumer knows nothing about, and these incentives
can translate into savings of several thousand dollars. There are two types of
incentives offered by auto manufacturers: dealer incentives and customer
incentives.
Customer Incentives
Rebates are incentives offered by car manufacturers to the
customer. Before you visit a dealership to buy a new car, it's essential that
you do some research on the Internet or read magazines such as Automotive News.
You should use this knowledge when you negotiate the price of your selected car
with the dealer. These rebates are offered for a limited time period only and,
usually, you are handed over a check when you buy the car. You should use the
rebate check to make your down payment or part of it, as it is the best use you
can make of this money since it's taxable. You can also qualify for incentives
such as a good student incentive or a first-time customer incentive and buy the
car at a lower purchase price. If you are a repeat customer, you may qualify
for a loyalty rebate. Manufacturers also offer incentives such as free
servicing, auto insurance and extended warranties. It's best to know about such
incentives before you start negotiating the price of any vehicle. A good credit
score can qualify you for an incentive in terms of lower interest rates on
loans.
Dealer Incentives
Dealer incentives are offered by manufacturers to dealers
for cars that aren't selling. These incentives can range from $2,000 to $5,000
depending on the make and model of the car, the price of the vehicle and the
season. They can mean a lot of savings for you as a customer if you negotiate
well. Dealers sometimes pass over these incentives to customers. Most
manufacturers give dealer incentives, and this is the reason why it's possible
to purchase a vehicle for less than the Manufacturer's Suggested Retail Price
of the car. In order to get the holdback amount from the manufacturer, dealers
are sometimes willing to sell vehicles for less than the invoice price of the
car. Even after you have been offered the customer rebate, cheap loan and
extended warranty on your new car, you should still try to get a better deal on
your purchase, especially if the car is a model that has just been introduced
into the market or is going to be phased out. Incentives are usually offered on
cars that aren't very popular. Moreover, since cars sell less at Christmas
time, you will find many incentives and rebates being offered at the end of the
year by most dealers.
You could also visit the U.S. News Rankings & Reviews to
find out more about current deals and incentives offered to new car buyers.
Article Credit: http://www.autos.com
No comments:
Post a Comment