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Auto rebates, low APR loans, cash back, car finance options, factory incentives — by any name, incentives can save you a boatload of bucks. But there are a special set of incentives tailored for college students, military, retirees, first time buyers, those with physical mobility challenges, and other car buying groups. Here’s how these incentives work.
Car manufacturers understand that if they can get target audiences such as college students or military personnel to develop loyalty to their brand, they can sometimes keep that business for years. So car makers will give members of this special group cash back or (occasionally) a low APR loan that can reduce the price of the car by $500 to $1000.
Car makers also understand that students, military personnel and the other groups they target have their own unique needs. These incentives are also a way for the manufacturer to show they care about this particular audience.
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Auto Rebates
Cash back rebates are the most common incentive for all the targeted car buyers 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.
Make sure to contact your local dealer to ensure you qualify. These special incentives have well defined requirements.
Low APR Loans
On occasion, manufacturers will offer low interest rate loans to these special incentive group buyers. These can be a great deal — if you qualify. Contact your local dealer for the full details.
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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Rebates & Incentives Now
Enter your ZIP Code and narrow the search by body type, make, and price. 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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