Car Incentives for Customers

Car incentives are rewards provided to car buyers so that they can make savings while purchasing a car. These incentives have become an important part of the car buying process, although they vary largely from vehicle to vehicle. Car incentives are rewards provided to car buyers so that they can make savings while purchasing a car. These incentives have become an important part of the car buying process, although they vary largely from vehicle to vehicle.

Though domestic carmakers offer quite large incentives, foreign carmakers give tend to be more eschewed.

Most high-end brands do not offer any incentives at all. They attract customers through other offers including lease incentives and hidden dealer rebates.

Especially for those of us who are on a tight budget, being aware of the various customer incentives offered by car manufacturers and dealerships is very important. Below we list the five distinct categories of such incentives.
Cash Back Rebates
Finance Incentives
Lease Deals
Loyalty Programs
Bonus Cash

1. Cash Back Rebates

Just like the name suggests, car manufacturers offer a cash return to the customer when the car is purchased within a certain date. This generally means that the sale of the car is not doing as well as it was expected to. The incentives tend to increase as time passes. This is the most common type of incentive and it’s important to remember that in most states, the taxes are applied before the rebate is applied.

2. Finance Incentives

Every car dealer seems to be in love with low car financing rates nowadays. It’s extremely easy to see a 0% financing deal on almost every corner. Though some dealers offer cash back rebates along side low car financing, most dealers ask the customers to choose between both offers. Typically, it is important to have a good credit score to qualify for the best rates.

3. Lease Deals

Keeping up with the recent trend of drivers leasing cars, manufacturers have started offering incentives to attract potential customers. The same cash back rebate and finance incentives are applied to the lease. The residual value of the car is increased or the capitalized cost of the car is lowered using this money. Both these options help make the lease cheaper for the buyer.

4. Loyalty Programs

Loyalty programs are offered to returning customers. In other words, these programs are essentially for drivers who already own or owned a car from the same brand. It is basically a system through which car manufacturers reward those who continue to buy from them. Cash rebates of approximately $500 and above are usually offered.

5. Bonus Cash

This type of incentive has a specific target audience that generally consists of recent college grads and military personnel. Not all car dealership offers this cash bonus, but if you fit into one of the eligible categories do not forget to take advantage of it!


By: Zcodia technologies

Car incentives are rewards provided to car buyers so that they can make savings while purchasing a car. These incentives have become an important part of the car buying process, although they vary largely from vehicle to vehicle.

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Article Tags: buying cars online , technical specifications of cars , New Cars Prices

Submitted On Aug 27, 2014. Viewed 206 times.

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