New Car Deals for the Fall
- October 25, 2011
- Dealership Ohio
- Posted by LukeS
- Comments Off on New Car Deals for the Fall
http://autos.yahoo.com/news/best-new-car-deals-for-october.html
Automakers seem to have missed the news that the nation was still suffering from a recession last month, as new-car sales continued to swell, with some brands posting record numbers. Concurrently, incentives on some vehicles are becoming slimmer and in many cases nonexistent, particularly among smaller and more fuel-efficient models that continue to be in demand among fuel-price-sensitive shoppers.
This month we are seeing the first real round of model-year 2012 sales incentives, particularly on larger cars and SUVs that have fallen off many consumers shopping lists. Even better bargains can be found on closeout 2011 models that sit like ticking time bombs on dealer lots racking up financing costs while current model-year rides usurp their positions on showroom floors. As an example, the richest incentive we could find this month was a $10,000 additional dealer discount on the limited production 2011 BMW Alpina B7, which is the ultimate expression of the full-size 7 Series luxury sedan at a whopping $128,900.
Normally we wouldn’t necessarily recommend choosing one of what are now last year’s models to save an extra thousand dollars or two, especially since they would be subject to an additional year’s depreciation. But residual/used-car values have skyrocketed in recent years, which flatten out the depreciation curve considerably and make these year-end closeouts better deals. According to Kelley Blue Book, given a shrinking supply of used models in recent years from slow new-car sales and other factors, the average price of a pre-owned vehicle has risen from $15,000 in 2008 to more than $23,000 in 2011, which amounts to an increase of 15.8 percent per year.
With incentives tending to be the richest on larger and more practically minded vehicles this month, and with football season in full swing, we’re focusing on models that are not only offering the deepest discounts but also happen to be best suited for tailgating. These include models featuring direct-to-consumer cash rebates, discounted financing promotions and so-called marketing-support incentives, which we call additional dealer discounts. Typically favored by luxury automakers, the latter are cash allowances given to dealers to lower the prices on select models without seeming to cheapen the brand by offering cash rebates. The only catch is that a dealer may or may not automatically pass them on without some hard-nosed negotiations.
And just to prove that you can park a suitable tailgating vehicle that’s small enough to leave enough room in the allotted slot for a table and chairs, we include the diminutive and fuel-efficient Suzuki SX4 Crossover hatchback.
Read on for the 6 new car deals that can help make even a losing season enjoyable.
The Fine Print: Additional incentives may apply, such as those often offered to recent college graduates and members of the military and/or owners or lessees trading in same-brand or competing models. Offers may vary by region and are subject to subsequent modification or termination by the manufacturer; cited financing rates are typically open only to qualified buyers with top credit ratings and may vary based on eligibility. And no matter how great a rebate deal you may be offered, keep in mind that the final transaction price is always open to negotiation. We expect dealer discounts on any of these vehicles will be substantial for hard-nosed hagglers.