Car Makers Offer Incentives on Hot Models
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Washington DC February 26, 2008; The AIADA newsletter reported that as car makers scramble to stem a sales decline, they are offering buyers with good credit low financing rates, rebates, lease deals and other incentives on a wider range of models than usual.
The Wall Street Journal reportd that an inventory glut means buyers can drive away in popular models for surprisingly low prices. Most of the offers are coming from the Big Three U.S. auto makers. But popular international makers such as Honda, Toyota, Nissan, and BMW - which rarely provide big incentives - are joining the party.
Among the more notable incentives: BMW is offering a $369 monthly lease for its 3-Series sedan and Toyota is offering 0% financing on its new 2008 Highlander and on the 2008 Camry, the best-selling car in the U.S.
For car shoppers who have been holding out, this may be a good time to find a deal. Though many of the current deals expire at the end of this month, tough market conditions mean that many are likely to be extended, or replaced by similar deals.
