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Smart Shopper Rebates, Incentives, APRs - Questions & Comments
3978 messages, Last post on Nov 30, 2009 at 9:19 AM
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Replying to: joel0622 (Jan 24, 2008 6:11 am)  They don't need to keep the car 6 years, they just need to not roll negative. In other words, if the option is pay $5k down now or take a 0% loan for $5k now and earn interest on your $5k, even if only for the next 2 years, then take that 2nd option! I am always of the opinion that you should take cheap money when it comes your way and use it to the fullest. I have 2 extremely low money factors on 2 cars right now (less than 1% each), while my money sits in a money market earning almost 5%. I could pay off in cash right now ... but why would I?
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Replying to: joel0622 (Jan 24, 2008 6:11 am) There is also a significant risk exposure - larger than they probably realize - if the car gets totaled early, they will end up owing large chunk of cash, so if the investment is not very liquid (CD, real estate) or volatile (stocks), they may end up losing on the deal. Buying Gap against it would of course defeat the whole leverage, so it makes no sense, either. I like to keep things "real". If it's a car loan, it's a car loan, not car plus three trips to the mall. Mixing or levering those things against each other is only good for very disciplined and self-concious people who can say exactly how much money they really have after this "creative accounting" schemes are included. My short experience tells me it is most often done by people who are exact opposite - they don't want to face the truth, because it may mean they are living beyond their means and those levers are done to tell themselves they are smart and obscure the truth from themselves. They build Enron in their own personal finances. Of course, as detective Monk says "I may be wrong - but I'm not". |
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Replying to: qbrozen (Jan 24, 2008 7:44 am) Enjoy it while it lasts - not for long. After this cut it will be "almost 4%", soon enough (more cuts) - "almost 3%", etc. 
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Replying to: dino001 (Jan 24, 2008 8:40 am) But, heck, its been lasting way longer than I originally thought, so its all just icing.
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Does anyone know if Honda is going to have any CR-V incentives in the next few months? I've seen that they have lease incentives and finance incentives on all but the CR-V. I'm in the market for an EX-L, but would prefer to wait until some incentive - preferably financing, is offered. I asked at the dealership this weekend and got the "well we have terriffic deals anyway". Thanks, but no thanks Thanks in advance.
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Replying to: kokopuffs (Jan 28, 2008 3:56 am) |
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Replying to: kokopuffs (Jan 28, 2008 3:56 am) |
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Is there any way to tell what the next round of Incentives or Rebates are going to be? Common sense tells me thats a big nope, but thought I would ask. However, there must be a list of the past incentives/rebates for a particular vehicle? I have searched and can not find anything of the sort, all I can find is the current ones. If armed with the last 6 months of historical rebates I can better judge how good the current ones are. I have no idea if the current ones are historically low, average, or great. Currently am looking at Tacomas and Frontiers which have $2250/$2500 cash back or (0%/36)/(0.9%/60) financing respectively. thanks
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Replying to: kingnh (Mar 01, 2008 10:08 pm) That's a tough one. Good question though. Is there a source that keeps track of historical rebate data. In a recent new car purchase I had enough lead time that I kept track of rebates on the models I was considering for a year prior to shopping. I noticed that the rebates began to increase in Nov.--Dec and then got progressively greater throughout the winter. They then stabilized as demand picked up in spring. The final increase came starting in July as they tried to clear out their lots. I've noticed big incentive increases if a new redesign is coming out in the fall so you might want to track that as well. Maybe someone here knows of a site that keeps track of past rebates. Automotive News might have that info if you have access to back issues. |
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I just recently found out that I have Chrysler discount pricing available to me through a family member who used to work at corporate. I'm not sure what Chrysler calls their plans or which one is available to me but he said they would issue me a number that I would then take to the dealership. The price would then be fixed with no negotiation. He said it usuallys runs about 4-6% below invoice or 8-14% below MSRP. Anyway, I'm looking at Dodge Chargers & my question is this. They currently are offering a $3000 cash allowance. Should I still get this below whatever the price is?
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