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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

What is this discussion about? Car Financing


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#3949 of 3978
Re: REBATES [SophiaRose] by dtownfb
Feb 06, 2009 (10:27 am)
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Replying to: SophiaRose (Feb 04, 2009 9:58 am)

If you aren't in a hurry to buy a vehicle, wait. I don't see sales improving since we continue to see the unemployment rate increase (fewer buyers). If your current car can last a bit longer, just wait.
#3950 of 3978
Re: REBATES [SophiaRose] by oldfarmer50
Feb 07, 2009 (1:35 pm)
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Replying to: SophiaRose (Feb 04, 2009 9:58 am)

"...He then said that deal is only good for that day..."
 
Have you checked to see if he's telling the truth? While rebates change they usually do so at the beginning of the month. It's an old salesman's tactic to tell you the price is only good today so you feel a sense of urgency.
 
Check with Chrysler (corporate not a dealer) to confirm that the rebate changed at the time the salesman said it did. If he was telling the truth I would go back to him when the rebates are more to your liking. If he was lying, avoid him like the plague.
 
You can get some pretty good idea of current rebates here on Edmunds. Good luck.
#3951 of 3978
Dealer Incentive by Luckyduck
Feb 19, 2009 (1:40 pm)
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Hello, I received a letter in the mail from a local dealer for $7000 off the price for certain new vehicles. They indicated that their pricing is based on Edmunds so my question is, should I expect the $7000 off what edmunds is currently showing for the TMV price or is the $7000 already built into the TMV price?
 
Thanks
#3952 of 3978
Re: Dealer Incentive [Luckyduck] by dino001
Feb 19, 2009 (1:53 pm)
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Replying to: Luckyduck (Feb 19, 2009 1:40 pm)

What do YOU think?
 
When dealers (or any retailers) tell you your price is "$XX off" (discounted) it's ALWAYS vs highest reference price they can find - most of the time it's MSRP. Translation: the letter says "Edmunds TMV say it's $7000 off MSRP and we are offering it you" tax, tag, title, dealer fee, WAC, only on selected vehicles in stock
#3953 of 3978
Re: Dealer Incentive [dino001] by Luckyduck
Feb 19, 2009 (2:06 pm)
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Replying to: dino001 (Feb 19, 2009 1:53 pm)

Well the letter does not much anything about Edmunds, that was communicated over the phone. So my thinking is that it's 7k off the MSRP, but if Edmunds says the TMV is $1000 less than MSRP then the 7k should be coming off the TMV price. Is my thinking correct on this?
 
My argument back to the dealership if they say the 7k is built into the TMV price is that TMV is based on vehicles sold, this "incentive" does not start until this weekend.
#3954 of 3978
Re: Dealer Incentive [Luckyduck] by steine13
Feb 19, 2009 (3:48 pm)
Reply

Replying to: Luckyduck (Feb 19, 2009 2:06 pm)

let me rephrase what dino said:
 
the letter is meaningless.
 
ifyou want to buy a car, do your research, pay market price.
ignore all dealer advertising, pay attention to manufacturer offers only.
 
-mathias
#3955 of 3978
Re: Dealer Incentive [steine13] by fezo
Feb 27, 2009 (1:22 pm)
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Replying to: steine13 (Feb 19, 2009 3:48 pm)

Indeed, price is an amazingly elastic term. there's a Hyundai dealer in NJ that advertises like mad that all prices are 30% off the dealer posted price.
 
You can probably figure out taht the dealer pads all the cars with enough cheap mop and glow and what have tiy to bring the price of the car 30% over MSRP. what you get is a car for list price that they pretend is a bargain. You'll find the same trick with different phrasing everywhere.
#3956 of 3978
Re: Dealer Incentive [fezo] by tidester HOST
Feb 27, 2009 (4:16 pm)
Reply

Replying to: fezo (Feb 27, 2009 1:22 pm)

Interesting. A 30% discount off of a 30% markup works out to a 9% discount.
 
tidester, host
SUVs and Smart Shopper
#3957 of 3978
Release of Incentives by ravenous2
Feb 28, 2009 (9:11 am)
Reply
I am thinking of purchasing a 2009 RAV4 in the next few days. There are no incentives and offers right now. When are offers released? Is there anyway to find out what they are before they are officially released?
#3958 of 3978
GM Incentives on Chevy Malibu by mrusell
Mar 01, 2009 (11:39 am)
Reply

I am ready to purchase a 2009 Malibu. Tomorrow (March 2) is the last day for the current rebate which is $2750. Should I wait and will the rebates get better or worse?
Please help! I need a new car and not sure if I should wait another couple of days to see what the new offers will be. Anyone know what they will do?

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