A car rebate is an incentive to encourage and stir potential car buyers toward a specific car. While these rebates can range from several hundred to several thousand dollars, it is important to understand which manufacturer is offering what and when.
Time Frame
Car rebates are generally applied during end of year and summer sales. While promotions and rebates may be advertised throughout the year, car manufacturers generally employed to advertise and promote the summer and fall season when newer models are generally introduced to the market.
Considerations
Many car rebates are applied at the time of purchase, offering an instant savings, while others have greater limitations including mail-in rebates and other after-purchase bonuses.
Size
Car rebates generally range from $1,000 to $5,000 depending on the season, make and model of the vehicle and price.
Misconceptions
Each manufacturer will offer its own rebate. The dealer will have all requirements and restrictions regarding the rebate offer at the time of purchase.
Warning
Car rebates are generally higher for cars that are being removed from the market or when a newer model is being introduced. To rid the market (and dealer lots) of the older model, rebates are used to encourage purchases for the older model vehicles.
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