Understanding the Incentives Offered by Auto Dealers

Posted: Tuesday, May 22nd, 2018

 

 

You can save significant money off the purchase price of your vehicle by taking advantage of new car incentives and rebates. Keep an eye out for the following types of dealer incentives:

  • Low APR Financing – If a buyer qualifies, they could get a lower APR than normal. Some of the best new car incentives even go as low as zero percent! Be sure to still ask about loan term length, as that can affect how much you pay in interest.
  • Customer Cash – This rebate is usually applied to the purchase price of the vehicle, although some dealers let customers pocket the cash. Keep an eye out for restrictions, as some customer cash offers are only good for returning customers, new customers, or those who work with the dealer’s financing services. That could lead to paying more for financing.
  • Dealer Cash – A car maker might put forward bonus money if the dealership sells a particular vehicle. The dealership might pass that savings along to you, so it’s worth asking about while you’re negotiating.
  • Lease Discounts – A lease discount is usually dictated by a manufacturer, and while the monthly payment might be smaller than normal, you’ll want to keep an eye out for hidden fees and inflated down payments.

Visit Green Light Auto Credit for More Financing Advice

At Green Light Auto Credit, we offer competitive rates on car financing, and if you’re looking for a bad credit auto loan, we can help. Find out more about financing discounts by contacting us today!