Car Incentives and Rebates for July

July 11, 2009

ford-deals Most car manufacturers are offering some kind of incentives and special deals for July 2009. Many of these car deals are better than those of previous months. Anyone considering a new car can’t go wrong with these deals.

The incentives come in the form of rebates, bonus cash, loyalty cash, 0% interest loans, low APR loans, and factory-to-dealer cash — depending on the manufacturer and specific vehicle models/styles.

The following deals are generally for 2009 models. Deals are also being offered for available 2010 models, although the deals are not as good as on leftover 2009 models.

Some of the current deals that end on 7/31/2009 or 8/1/2009 are the following:

Acura – not-so-low APR interest rates, lease deals on selected styles within each model line, and $1000 factory-to-dealer cash to help with price discounts. We don’t see any fantastic deals here for July.

Audi – modest cash rebates ($1000), and low APR loans (1.9% for 12/36 months) on most models, and good factory-to-dealer cash ($2000-$5000) on certain models. These factory-to-dealer rebates can be turned into nice price discounts by dealers.

BMW – low-interest loans (2.9% for 12/60 months) and heavy factory-to-dealer cash (translates to price discounts by dealers) of $5000 on the BMW 5 Series and M5.

Chrysler (Chrysler, Dodge, Jeep) – big heavy rebates from $2000-$5000 on most models, plus $2000 factory-to-dealer cash (price discounts) make for great deals if you are in the market for a Chrysler product. Dealers have too much inventory and need to get rid of it.

Ford (Ford, Lincoln, Mercury) – customer rebates (typically $1000) plus additional rebates on certain models with selected options, plus $1500 “Drive the Difference” bonus rebates, and 0% APR loans for 36/48/60 months (typically). Ford’s deals end on 8/3/2009.

GM (Chevrolet, GMC, Buick, Saturn, Saab, Hummer, Pontiac, and Cadillac) - cash-back rebates that range from $1000-$2000 plus $1000-$1500 bonus cash on most 2009 models and styles. As an alternative, 0% loans are also being offered on most models for 12, 36, 48, and 60 months. One deal worth noting is a $5000 rebate, plus $1000 bonus cash on the Hummer H3. And $8500 plus $750 on the Saab 9-3 — what a deal! There are still many, many leftover 2008 models that have incredible rebates (see Leftover 2008 Cars for Cheap).

Honda – low APR loans (typically 2.9% for 24/36 months, and 3.9% for 60 months) on most models and factory-to-dealer cash (typically $1500) which cannot be combined with a low-interest loan. Honda is currently offering special lease deals on three models – Accord LX ($199/m0), Civic LX ($199/mo), and CRV LX ($239/mo). Leases on Hondas are generally good deals even without the special deals due to the high residual values for the brand.

Hyundai – rebates ($1000) and factory-to-dealer cash ($1500) make for some good Hyundai deals. Interest rates are reduced but not especially great. The Hyundai Genesis 4.6 sedan has a special $489 a month lease deal (36 months, $2599 due at signing).

Kia – large rebates in the range of $2000-$3600 make for some great deals on Kia models that already have affordable sticker prices.

Lexus – current Lexus incentives for July are very modest. Cash-back rebate on the Lexus ES350, not-so-low APR loans on the ES350, IS250, and IS350, no special lease deals, and $2500 factory-to-dealer cash on the GS450h.

Nissan – rebates (typically $1500) and low-interest loans (typically 0% for 12/24/36 months and 2.9% for 48/60 months) on most models. The 2009 Nissan 350Z gets a $2500 customer rebate since the new 370Z replaces it. There are no national Nissan lease deals for July.

Toyota – special deals on Toyota vehicles for July are pretty skimpy, limited to a few special rebates (for military personnel), a few low-interest or 0% APR loans, and some modest factory-to-dealer cash for most models. It seems Toyota is laying back for July, but watch for better deals in the next couple of months.

Volkswagen – mostly 0% (12/36 months, 2.9% for 48 months, and 3.9% for 60 months), and a number of good lease deals on selected styles within most model lines. For example, there is a special $199 a month lease (36 months, $2699 due at signing) on the Volkswagen New Beetle hatchback.

You can get free price quotes on any of the above cars from Edmunds.com. The quotes will automatically include any cash-back rebates or discounts that are currently available.