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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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#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)
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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)
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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)
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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)
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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?
#3959 of 3978
by zq8
Mar 01, 2009 (11:41 am)
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I would wait till Tuesday for new incentives.
#3960 of 3978
Re: [zq8] by mrusell
Mar 01, 2009 (12:12 pm)
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Replying to: zq8 (Mar 01, 2009 11:41 am)

So you think I should sit tight and wait? I felt rushed to purchase tomorrow but I know I will kick myself if the rebates go down since a $2750 rebate isn't bad but If I can get more that would be awesome. I am hoping they stay the same or increase for March 2009. I just hope the car I want is still available. It's a gamble but I think I will wait and hope for more.

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