Edmunds.com | Inside Line | Auto Observer Your Account | Help | Directory
You are here:
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
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
|
|
|---|---|
|
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?
|
|
|
|
|
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. |
|
|
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)
|
|
|
Replying to: jamesam (Oct 15, 2007 2:42 pm) |
|
|
|
|
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?
|
|
|
Replying to: oldfarmer50 (Jan 23, 2008 3:46 pm) Those numbers were accurate last year.
|
|
|
|
|
Replying to: joel0622 (Jan 23, 2008 4:09 pm) Could it really be as simple as a gambit to generate repeat customers? If I'm calculating correctly, the 0% deal is worth over $4000 vs. a $1000 cash rebate. They must be looking for more than loyalty for 3 grand. Is there a limit on the percentage of the purchase price you can finance? I mean could I finance 80-90% at this low rate? How common are these types of deals? Maybe I should be looking around more. Say, joel0622, got any 0% deals on a Mustang GT?
|
|
|
Replying to: oldfarmer50 (Jan 23, 2008 4:41 pm) If your credit is good you could finance 140%  that rate. Also, rebates don't get peoples attention like they used to. Sorry no 0% on the Mustang GT's. But I will put you on my list to call if it ever happens 
|
|
|
|
|
Replying to: joel0622 (Jan 23, 2008 4:47 pm) I guess it is.  Today when I was talking about rates with my credit union lady I mentioned that my FICO was 790 and I think I heard her gasp. She then approved me for 100% financing of any car I wanted to buy. No wonder people get into money trouble. Lenders just throw money at you. |
|
|
Replying to: oldfarmer50 (Jan 23, 2008 4:41 pm) One of the biggest mistakes I ever made was in buying an '02 Chevy Avalanche with zero financing. The truck stickered for 38 something and the purchase price was 32 and change. Without my asking, the dealer said GMAC would finance 40 on it. I should have put the extra 7 plus in my pocket but, no, I was content with just financing the purchase price.
|
|
You are here:
Forums
Smart Shopper Rebates, Incentives, APRs - Questions & Comments
New? Join Now!
Forum Tools
Search Forums
Browse by Vehicle
Browse by Board
Browse by Topic
Today's Chats
