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Whether you’re ready to buy or just conducting research, current auto rebates, factory
rebates, incentives, financing, and clearance deals will have a big impact on your
decision-making process. Everyone likes a good deal. With so many things to spend
your money on these days, it makes sense to save as much money as possible when
making a major purchase like a new car, truck, or SUV
Car makers are looking to move unsold inventory, so they will issue incentives and
rebates to assist auto dealers in selling all the vehicles on the lot. They are
especially likely to include factory rebates, special financing offers, and other
incentives on their less-popular models, as these are the cars they are having the
most trouble selling.
As you go through the buying process, make sure you have the most recent information
on available rebates and incentives to ensure you get the best possible deal. Compare
rebates online, and see incentives before you visit your local car dealers. Incentives
are always changing, so it’s important to stay updated on current rebates and local
incentives.
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Auto Rebates
The most common incentives you will come across are cash-back rebates. Whether you
keep the money or use it to pay down the amount you’ll have to finance depends on
your personal financial situation. If you need the cash now and don’t mind a little
higher monthly payment, you’ll most likely want to pocket the money. If, on the
other hand, you wish to have smaller monthly payments, you can apply the cash-back
rebate toward the amount of your down-payment on the car.
Financing
Often you can get financing at a lower interest rate, including 0% APR loans. Another
way to lower your monthly payment is to get financing over a longer term, such as
60 or 72 months. Be sure to find out if you qualify for either a lower APR or longer
term. On rare occasions, you can combine a low interest rate with a longer term,
providing you with the best possible deal.
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Incentives
Most incentives involve methods for making an auto lease or purchase more affordable.
Be sure to investigate the incentive completely, and understand what it means to
you financially over the life of the lease or loan. Some relatively simple calculations
regarding purchase price, interest rate, and the vehicle’s value over time will
help to determine the best overall incentive offer. Other incentives may include
non-monetary offers, such as free or reduced-price travel, special option packages,
and service inclusions.
Research Rebates and Incentives Now
Simply enter your zip code to get started. You will be able to narrow down your
search by make, body style, and price range. Be prepared before you go to the dealership.
Get information on auto rebates, factory rebates, incentives, financing, and clearance
deals now.
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