1. Memorial Day Car Rebates & Incentives

    05/11/2012 by MYCARLADY

    Here are my picks for the top 2012 Memorial Day holiday car sales rebates and incentives.

    As I have mentioned before, the more in demand cars have little to NO rebates or offers on them. For example, forget a discount or rebate on a Toyota Prius hybrid. LEXUS has up to $750 off many of their hybrids, but inventory is slim.

    The best deal out there if you need a minivan is the KIA SEDONA with $2500 rebate money.

    If you need an  mid-size SUV, look at the MAZDA CX-7, being discontinued, but still a great ride for the money.

    KIA: $500.00-$1000 on most of the cars. Loyalty and competitive rebate avail.  .9%-2.9% interest rates for qualified buyers. BEST BUY $2500 rebate on a SEDONA MINIVAN

    Hyundai: $500.00-$1000 with big money (up to $3000) on Genesis and Equus sedans. ) and 1.9% interest rates for qualified buyers.

    ACURA: from $500 – $2000 on various models and rates as low as .9% for qualified buyers. Great lease deals on TSX, MDX and TL.

    AUDI: from $1000-$3000 in rebates or interest rates as low as 1% for qualified buyers.

    JAGUAR XF & XJ: Competitive, Loyalty rebates and up to $5200 in various incentives. Lease deals start at $499/mth for qualified buyers. 4yr/50k service included.

    JEEP: from $500 on Wranglers to $3000 on Liberty. $1000 on Grand Cherokee and 0% financing for qualified buyers.

    NISSAN: The LEAF has $a 500 rebate, if they are sold in your state that is a huge deal! Otherwise they have rebates up to $3000 on 2012′s and $4k on some 2011 leftovers. Interest rates as low as 0% for qualified buyers.

    MAZDA: The Mazda 3 has a great rebate or interest rate as low as 0% for qualified buyers.

    HONDA:  Interest rates as low as .9% and some special incentives of $500-up to $2000 to the dealer for advertising support. Lease deals are a better way to go, but you will find short supplies of popular models and color/option combinations.

    TOYOTA: The best deal here is the $1000 or 0% on Corolla. The other cars scale from $500 to to $1000 on the more expensive models. Nothing on Prius. They do offer 2 year free basic service at no charge.

    VW: NO REBATES  The best you can hope for here is a 0% to 1.9% rate for qualified buyers. Disclaimer: Not on my Top 10, but they do make popular cars so I threw them on the list for information purposes only.

    READ MORE: 3 TIPS for CAR SHOPPING THIS MEMORIAL DAY

    Good luck finding the car you want and the rebates or interest rate, it’s a process. If you need help with your car shopping fill out and submit the form below.

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    Please note: rebates change so check with the dealership. You may not be able to use a rebate AND low interest rate.

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    Sarah Lee Marks is MyCarlady. She has over 22+ years of experience.
    She writes about cars, and is a staunch consumer advocate on car related subjects.
    MyCarlady offers free car buying advice, and private, auto-related services to help you maintain your personal or commercial vehicles.
    Call Sarah Lee for more information: 702-521-7546




     


  2. Luxury Auto Exporters Broker Beware

    04/22/2012 by MYCARLADY

    Car Manufacturers, Dealers and the IRS watching US to China Vehicle Exports.

    The most popular model luxury cars in China, Russia and Saudi Arabia are Black on Black 2012 Land Rover Range Rover Supercharged Sports, 2012 Mercedes Benz ML450 /550, Porsche Cayenne 6 cyl and the 2012 BMW X5. These are the hottest US exports, however, dealers, manufacturers and driveway entrepreneurs are at odds over who has the right to sell cars overseas and where the money goes. Where the money goes is also of interest to all concerned, including the IRS.

    European car makers are loath to ship cars to the US, suffer the dollar vs. euro difference, and then see these brand new highline luxury models arrive in international ports, cutting into their profits.  For years American auto dealers were selling these cars to local consumers who helped their bottom-line by servicing, trading and repeatedly leasing these luxury makes in record numbers, making excess inventory for export deals few and far between. When the occasional car left port, the manufacturer would chastise the dealer for not knowing the car was sailing away and future allocation would be threatened.  Then came the recession and dealers were hard pressed to pass a full MSRP sale when walk-ins and returning leases failed to appear.  The number of exports grew exponentially, some suspect the figure to be 5% or more of annual sales.  Add to this issue of underground international marketplace, i.e.; the grey market, the government’s concern that these sales could be devised for illegal money-laundering or tax evasion.

    Nevada passes law on dealership sales to auto exporters. 

    In 2011, Nevada has passed a law protecting the dealers from punitive behavior on the part of the auto makers for lack of knowledge of a broker –exporter relationship at the time of sale. To educate the dealers the manufacturers now provide electronic manifests numbering hundreds of pages featuring every known broker or name attached to vehicles shipped abroad, some before the cars are even loaded on the boat.

    Selling out of state scrutinized by dealerships.

    When calling a dealer about one of these particular models, the auto representative is quick to alert the future buyer to the dealer’s policy regarding out of state or export sales.  For the US citizen shopping online for the best deal, this might hinder their ability to pit the local dealer against the out of state online showroom or eBay retailer broadening his market, however, the pressure to curb exports falls short of creating state by state franchise monopolies.  Dealers are held accountable for the registration and destination of every vehicle they sell, hence their due diligence to validate those in the carriage class with multiple homes to have corroborating documentation, regular mail service and a water bill for that address.

    Local luxury car buyers win.

    For the local luxury car buyer the pressure to reduce exports of these models will make it easier to obtain one within his home market, however, for budding international entrepreneurs hoping to buy the 2012 Cayenne with intentions of selling it to his buddy at a tidy profit, the increased scrutiny into proper licensing and tax disclosures may make this deal unprofitable in the end.
    ———————————————————————–
    Sarah Lee is an automotive writer, personal car concierge and commercial fleet manager. If you need free advice on your car problem, question, issue, contact her at sarahlee@mycarlady.com for a confidential conversation.
    She has over 22+ years of experience. She writes about Cars, and is a staunch consumer advocate on car related subjects. MyCarlady offers private, auto-related services to help you maintain your personal or commercial vehicles. Call Sarah Lee for more information: 702-521-7546




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