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Rebates, Incentives, APRs - Questions & Comments

3978 messages,  Last post on Nov 30, 2009 at 9:19 AM

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What is this discussion about? Car Financing


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#31 of 3978
whoosh by whoosh
Jan 11, 1998 (1:35 pm)
Reply
I purchased a car that had a $1,000 rebate. Since the dealer didn't have the one that I wanted they had to order it. Now the rebate is off and the car still isn't here and the dealer stated that I could no longer receive the rebate. Why should the dealer problem cost me $1,000? Is this dealer correct?
#32 of 3978
BruceG by N/A
Jan 13, 1998 (3:43 am)
Reply
I noticed for the past week that the rebait for the 1997 Nissan
240SX was listed as $4000 by this Edmunds site. When I went into the dealer, he stated that the rebait was only $3000. He then showed me what appeared to be a fax with a Nissan logo on it which stated for the Mid-Atlantic region the rebait is infact $3000. Who is correct?
#33 of 3978
N/A by N/A
Jan 13, 1998 (8:39 am)
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I am wondering whether you saw any rebate (Edmund:$2000) currently on Maxima98. The dealers in SD/CA area acted like knowing nothing about it.
#34 of 3978
XD by N/A
Jan 13, 1998 (8:45 am)
Reply
Hey WWWREMOTE: Re: your #32 comments/ Maxima rebate.
Where were you told about this $2250 rebate ? CA ?? I was told by my local dealers nothing is there as far as rebate concerns for 98Maxima.
#35 of 3978
wwwremote by N/A
Jan 13, 1998 (11:18 am)
Reply
Sorry, last post was wwwremote, and yes, is California. South Bay in LA.
#36 of 3978
jonh by jonh
Jan 15, 1998 (7:09 pm)
Reply
Hi,
I'd like to resurrect this old thread. I tried negotiating for a Mitsubishi Montero Sport last night. The dealer showed me the invoice and it had the extras mentioned by Niemeyer5. I didn't know how to respond so walked away from an "Invoice plus 500" deal. The extras came to about $1400 over the invoice total as listed in Edmunds. The dealer invoice total was in fact $700 over the Edmund's invoice plus 3% deal I was trying to get. I suspect that the extra charges are bogus and that the dealer does not have to pay these charges. I think the extras are a way of building in a sizeable profit into the invoice price. Note that one of the extras is "holdback", i.e. money that Mitsubishi will pay back later to the dealer. Perhaps all of the extras work like that: they are charges that Mitsubishi will kickback to the dealer later. Does anyone have more information on Mitsubishi's practices? Can I expect to get the car for Edmunds Invoice + 3% ?
#37 of 3978
devils by devils
Jan 16, 1998 (1:03 pm)
Reply
I'm looking at new Dodge Dakota pick-ups. A local dealer has a few 97s left that they are advertising as "blow-out" prices. If I use the dealer invoice as a guide, they are telling the truth. But, if I look at used car price guides...like Kelley or Edmunds, they are still quite high. So, does a "new" 97 that a dealer is trying to clear out fit into the new vehicle category or used car category and what should I use as a pricing reference?
#38 of 3978
Ford Rebate Plans? by gcr4
Jan 16, 1998 (4:11 pm)
Reply
I'm seriously considering a purchase of a Ford vehicle, but all of the rebates ended on January 5. I don't know if I should buy one now, or wait for a new rebate program.


Does anyone out there know if Ford is a planning a new rebate program soon? If not, what is the historical pattern for rebate programs (Spring, Summer, etc.)?


My situation allows me to wait a few months before the purchase, but if there is no good reason for waiting, I might as well buy now.
#39 of 3978
door by door
Jan 19, 1998 (6:42 am)
Reply
You're in good hands if you can wait. And you
do not have to wait long. It is very dificult
for a car dealer to sell cars in winter,
especially right after X-mas. Sales are scarse,
so companies like Ford issue new rebates as soon
as old ones expire.
I suggest get your rebates information from your
local major newspaper. Consult with a car dealer
but do that with several since they tend to not
give out complete information. Good luck.
#40 of 3978
Mitsubishi Holdback by GregAnderson
Jan 20, 1998 (7:00 am)
Reply
Just a note to jonh:


Mitsubishi is the only manufacturer that practices CHARGING the consumer the holdback amount, right on the invoice. It's actually a very consumer-friendly practice in that it alerts you to the fact that there is such a thing as holdback. No other factory invoice admits it.


And you don't have to pay it. If you agree to pay the holdback, you are in fact giving the dealer his kickback, which is 2% of the Total MSRP. That's actually a fair profit for the dealer, and a fair price for the car, as long as you only pay invoice in addition to the holdback.

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