Steve GannHidden Car Incentives For May
May 9th 2011 14:37
Even though you might be paying $120.00 dollars to fill up that huge SUV you will take a far bigger loss in reduced trade in value at the moment. My advice is to suffer through until the oil speculators figure out what the rest of us already know, that oil inventories are quite high right now.
Now for the good news, there are some deals to be had out there. I'm not sure if it is the slow economy but BMW has some good public and hidden incentives on remaining 2010 and even some 2011 models.
If you have a really good credit score Chrysler is offering 0% financing on select vehicles. I drove a Grand Caravan for a week last month. For a big vehicle it gets decent mileage, around 27 on the highway, and is quite comfortable.
Ford, which makes the great Fusion model, is offering 5,000 dollar rebates on remaining 2010 models.
If you are in the storm battered Southeast U.S. its possible to find great deals on damaged vehicles. I had a friend who saved 25% on a hail damaged car in Tennessee. These cars may be a tough resale if you plan on driving as is so be prepared to keep it for years if bought damaged.
As always try to have your financing in hand before you walk in to the dealer so you can shop as a "cash" customer. It is also smart to be flexible in your car of choice. In other words don't be set on brand, model, and even color when you walk on the lot.
Predicted Rebates, Incentives and Lease Deals for May 2011
GM, Chevrolet, GMC incentives deals May 2011 (Includes Chevrolet, GMC, Buick, Cadillac, HUMMER, Pontiac, Saturn, Saab)
Up to $5,000 cash back and 0% financing on many 2010 models. Up to $3,000 on some 2011 models.
BMW incentives deals May 2011 0.9% to 3.9% financing for up to 36 months. Up to $3,500 cash back on some models (even some 2011 models). Hidden dealer incentives of up to $12,500.
Chrysler, Dodge incentives deals May 2011 Cash rebates up to $5,250 on some models. 0% financing up to 72 months. Hidden dealer incentives of up to $1,000.
Ford incentives May 2011 (Includes Ford, Lincoln, Mercury)
0% financing on most models. Rebates as high as $5,000 on some 2010 models.
Honda incentives May 2011 0.9% to 2.9% financing on some models. Hidden dealer incentives of up to $2,500 on some 2010 models
Toyota incentives May 2011 0% to 3.9% financing on most models, rebates as high as $2,000 depending on region. Hidden dealer incentives up to $4,000 on some models.
Nissan incentives May 2011 (Includes Infiniti) 0 - 4.9% financing on some 2010 models. Up to $5,000 rebates on some models.
Hyundai incentives May 2011 (Includes Kia) Up to $2,500 cash rebate on some 2010 models. 0.9% - 4.9% financing on 2010 models.
Mercedes Benz incentives May 2011 1.9% financing for up to 36 months on some models.
Happy motoring everyone!
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