New Car Rebates
Anyone who has bought a new car in their lifetime, has most likely had a rebate on the car that they purchased as part of the deal. Rebates are a great way for you to save money when buying a car so make sure that it's part of the discussion when deciding which vehicle to buy.
New car rebates work similar to coupons at the grocery store except that they're usually 1000 times more valuable when taken at face value!
A new car rebate can be generally anywhere from $500 up to $5,000 and more depending on the make and model. Most car buyers expect some type of incentive and rebates are still the most popular.
Rebates, like most other sales tools (that's really what it is), are not a random event in a sales cycle. The manufacturer doesn't just say, "let's do $1,000 for the Camry this month, $1,500 for the Corolla, and $2,000 for the Avalon."
New car rebates are a science when being formulated and they're based on a lot of information, but the one piece that's most important is typically sales volume. How is the model selling? How has it sold in the past? How do we expect it to sell in the future?
With that information, you can get a good idea of what to expect for a rebate. Are you interested in a huge gas-guzzling American made (ouch!) SUV? Good chance that you'll see a pretty sizeable rebate as an incentive for buying.
Looking at a Honda Accord or Toyota Camry? Probably not as big a rebate if there's one at all.
The bottom line when it comes to new car rebates is... the bottom line. Meaning, what is my final bottom line cost? That's really what's important when comparing one vehicle to the next.
You could be interested in two vehicles and one of them may be offering a $2,000 rebate while the other is offering only $500. Does that mean the car with the $2,000 rebate should be chosen? What if the car with the $2,000 rebate costs you $3,000 more than the other one you're considering.
If they are equal in all other ways for the sake of comparison and this argument, but the car with the $2,000 rebate costs $4,000 more than the other one; than the car with the lower rebate amount should be the choice.
The last thing to remember about new car rebates and other new car incentives is that they can change on a monthly basis. If you are in the market for a new car and you see a great deal on a car with a competitive rebate, be careful that you don't wait for the month to change in hopes that the rebate will get even better. The opposite can happen and the rebate can be reduced or even disappear.
Rebates are great when buying a new car, but someone still needs to negotiate the price of the car and fees. Is that what you want to do? Contact the experts at proautobuying.com. We guarantee that we'll get you a great deal!
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