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Auto rebates, low APR loans, cashback, car finance options, factory incentives — by any name, incentives can save you a boatload of bucks. But don’t let a rebate sucker you into getting a car you don’t want. The secret with rebates and incentives is knowing the ins and outs.
Car makers don’t give money away just because they care. They’re trying to move inventory — especially on models people are avoiding. That’s why a popular hybrid doesn’t get an incentive and a gas guzzler does.
So let’s look at those auto rebates, low APR loans and lease incentives for a car with a clear eye. That way you’ll have a deal that makes sense instead of getting played like a puppet.
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Auto Rebates
Cashback rebates are the most common incentive and the easiest to use. You can pocket that money or use it to lower your finance amount. But make sure you really want the model they’re pushing and compare rebates among competitors.
Low APR Loans
Manufacturers frequently offer low interest rate loans to new car buyers to help their dealers sell more cars. These can be a great deal — if you qualify. Also consider the length of the loan.
A short loan means less in interest charges but much larger monthly payments. A longer loan, 60 or 72 months, can leave you paying off a car you’re tired of.
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Lease Incentives
Special lease incentives offered by the manufacturer make leasing even more affordable. But don’t get snowed. Find out the vehicle price, interest rate (usually called the money factor), and residual value. And make sure you understand the pluses and minuses of leasing.
Rebates & Incentives Now
Enter your ZIP Code and narrow the search by body type, make, price, even competing cars. We’ll show you all the incentives and rebates for that particular model — as well as additional ways for you to save even more.
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