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Manufacturer’s Rebate
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Manufacturer’s Rebate

An incentive for buyers to buy overstocked or slow-selling cars.

More On Manufacturer’s Rebate

Definition

A manufacturers rebate is an incentive for buyers to buy overstocked or slow-selling cars. Automotive manufacturers may offer rebates as incentives when they need to sell cars faster. Some experts recommend that consumers shop toward the end of the month, quarter or year, when dealerships and manufacturers may feel added pressure to increase sales even if that means less profit in an individual car.

Manufacturer’s rebates

Manufacturer’s rebates are a great way to save money.  When a dealership has too many cars in stock or if a model is not selling as quickly as they would like, manufacturers offer rebates as incentives for people to buy a particular car.  Check out dealerships and websites, as well as newspaper advertisements for manufacturer’s rebates.  Taking advantage of manufacturer’s rebates can help you get the best deal possible on a new car.

Negotiating

It is not uncommon for the negotiating process to take a few visits to a dealership.  Be prepared by knowing what features you want as well as your price range.  Also shop around and look at advertisements and price quotes from different dealerships.  These are all things you can use as leverage for getting a good deal when you are negotiating the cost of a new car.

Shop smart

Some experts recommend that you buy a car toward the end of a day at the end of a month.  Dealerships and salespeople have sales goals to meet, so you might be able to negotiate a better deal at these times.  Also keep your eyes peeled for holiday and end-of-the-year specials.  Usually sales events of this kind offer good incentives to buyers, so you might be able to work out a lower price than at another time of the year.