Manufacturer Incentives - By Looking at Today's Industries
You can save a lot of money when buying a new car if you take advantage of Canadian Dealer Incentives. Here’s a quick walkthrough that should help you understand what a manufacturer incentive really is and how it can be used.
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| Manufacturer Incentives |
What is a Manufacturer Incentive?
Japanese carmaker Toyota experienced a massive sales dump in 2010 because of a highly publicized recall of its cars, trucks, and SUVs. To get people back into its showrooms, the company offered lots of manufacturer incentives that made Toyota cars more affordable to customers.
As a result, people started to buy Toyota cars once again. Car manufacturers offer incentives to stimulate sales of a particular car make or model.
The incentives offered by Toyota helped drive up sales after its recall crisis. Offering incentives to customers helps manufacturers boost sales and car buyers save money.
Rebates vs. Manufacturer Incentive
Rebates and incentives allow car buyers to make the most of their money when shopping for a new car so there’s no wonder the two words are frequently interchanged but there are differences in the two terms that car buyers should take note of. The rebate, for instance, is the reduction in cost refunded to the customer after the purchase and is often offered only to buyers who pay in cash or bring use their own financing.
An incentive, on the other hand, is a reduced lease or finance interest rate offered by the car manufacturer’s financing division. There are also so-called manufacturer-to-dealer incentives or cash incentives that are paid by the manufacturer to the dealer when a particular car is sold. The dealers may then pass these incentives to consumers to make their sales deal more attractive hence the Canadian Dealer Incentives offered to car buyers.
Availing of Manufacturer Incentives and Rebates
Carmakers reduce the cost of a car in a number of ways. You may want to take note of these if you want to avail of manufacturer and Canadian Dealer Incentives.
You can earn loyalty rebates if you are a returning customer; conquest rebates if you are switching from a competitive brand; special rebates if you are a recent college graduate or a member of the military. Car manufacturers may also offer low-interest leasing and financing or cashback.
You can find incentives and rebates by researching since car producers often advertise their brand-specific rebates on the internet. Alternatively, you can check out Unhaggle.com for Canadian Dealer Incentives on the vehicle that you want.
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