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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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#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.
#3961 of 3978
Re: [mrusell] by morin2
Mar 01, 2009 (1:20 pm)
Reply

Replying to: mrusell (Mar 01, 2009 12:12 pm)

We've all been in that boat. Its a coin toss, or a gamble. How much do you really need the car? If the rebate does fall, do you have a backup plan? Dealers have told me that they don't know until its announced - and I believe them. Its like buying stock - how do you know it won't be cheaper tomorrow? How do you know if you've timed any market to buy at the lowest price? If I needed the car and they had the exact model with all the options and color, I'd buy it and not look back to see if the rebate increased.
#3962 of 3978
Re: [morin2] by mrusell
Mar 01, 2009 (1:50 pm)
Reply

Replying to: morin2 (Mar 01, 2009 1:20 pm)

I know it's a gamble and I think I am willing to wait to see. I don't need the car tomorrow and the car they have is close but not exact to what I want. This will allow me to research a bit more and find the actual car I want. If it means paying a little more - I am ok with that.
 
Thanks!
#3963 of 3978
Re: [mrusell] by morin2
Mar 01, 2009 (2:06 pm)
Reply

Replying to: mrusell (Mar 01, 2009 1:50 pm)

That sounds like a good plan. I think the first step is to find exactly what you want and the rebates are secondary. I wonder how many buyers "settle" for something because they think the rebate is too good to pass up?
 
Good Luck!

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