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Smart Shopper Rebates, Incentives, APRs - Questions & Comments
3978 messages, Last post on Nov 30, 2009 at 9:19 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: kirstie_h (Aug 30, 2007 11:32 am) Thinking of buying another Deville/DTS or a Toyota Avalon. I have receive two lease payment offers, one from GM ("Pull Ahead" program) and one from Toyota, which looks like it came through the dealer. My guts tells me the GM offer is manuf. funded, but the Toyota is a dealer funded offer. (since the letter said they would pay 'up to' 6 months of remaining lease payments -- I find it hard to believe Toyota corporate would eat that). Any more comment/info would be appreciated. Thanks again!
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Replying to: rlinn (Aug 30, 2007 11:54 am) And think about this - how does Toyota know what your lease payment is? $500/month? $750/month? So, how could they make a legitimate & binding offer to "eat" your remaining 6 payments? Let's say, for example, that your lease payment is $500/month right now. Toyota would be eating $3000 if they bought up the last 6 months of your payment. Sure, as their advertising says, they will pay the remaining 6 payments, but you will likely RE-pay those payments. Plus, they'd have a Cadillac on a Toyota lot (or have to send it to auction), which probably isn't ideal for them. I'm just guessing that you're on the right track... the old, "if it sounds too good" adage is key 
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Replying to: kirstie_h (Aug 30, 2007 12:04 pm)
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Replying to: joel0622 (Aug 30, 2007 12:08 pm) I think our OP's inclinations are correct, as well.. Probably GM has a program, and the Toyota dealer's advertisement is just a come-on.. |
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Currently there is a 1250 factory-to-consumer rebate on the car I am looking at. This just went up from the 700 rebate they were offering last month. It seems that when the rebate goes up, so does the vehicle sale price! Example: 700 rebate: price of car is 13,399 (after rebate). 1250 rebate: price of car is 13,459 (after rebate). And what's the point of a rebate if I am still paying what others have paid without the rebate? Example: I've seen people in my area getting the same car I want at around 14.9-15K OTD. I am getting a price of 14.8K OTD with the rebate. So should I be negotiating the sale price down further so the rebate actually feels like I am getting a rebate. I mean, it's a factory-to-consumer rebate, so why am I not seeing the savings? Is the dealer still trying to pocket extra cash?
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Replying to: cali_driver (Oct 03, 2007 9:29 pm) From what you've said it would seem so. That's an interesting question though. Barring any last minute price increase from the manufacturer, (which would be dumb if they have to offer rebates) I can't see any reason for that. You don't say what year car you are looking at. If it's a 2007 they may be getting in short supply and thus command a higher price. |
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I had a Mercury dealer tell me yesterday that the current rebate is $1,500. But all I have found on the Internet is a $500 mfr to customer rebate? Is there a mfr-dealer incetnive I dont know about? (Looking to buy in Oct 2007)
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Replying to: jamesam (Oct 15, 2007 2:42 pm) |
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One car I'm looking at has a $1000 cash rebate or 0% financing for 5 years. Depending on the bank rate you use 0% can save you $3000 or $4000 in interest payments over even a credit union loan. My question: Is there something I'm missing? Why would a manufacturer want to give you such a great financing deal but only a so-so cash back deal? I realize that the 0% only applies to top tier customers but still it makes me wonder. What's the catch?
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Replying to: oldfarmer50 (Jan 23, 2008 3:46 pm) Those numbers were accurate last year.
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