How Car Rebates and Incentive Programs Work
Almost everyone who goes out to purchase a new vehicle surveys their options to find the best deal possible. Car companies realize that to attract customers, they must advertise some kind of deal to lure potential purchasers to their store. Car rebates and incentive programs help reduce the cost of your new vehicle and make the dealership happy by increasing their sales.
There are three main types of car rebates and incentive programs; low-interest financing, cash rebates and special leases. Low-interest financing allows you to pay a lower monthly interest fee, which could save you thousands of dollars over the life of the loan. A cash rebate is an amount that you subtract from the negotiated price while a special lease could mean the down payment is reduced or the monthly payment is less expensive.
Different rebates are more beneficial for different people. If you’re on a tight budget every month, then you’ll probably prefer low-interest financing. A special lease or cash rebate might be better for someone who’s just looking for a good bargain.
Buying a new car is a big investment, so it’s important that you choose an incentive program that works best for you.
Patrick Britton – Guest Blogger