Where do the rebates come from for a new car?
Where do the rebates come from for a new car?
However, there are a lot of misconceptions about what car rebates actually are and how they are used. Many people mistakenly believe that dealer rebates come from the new car dealership–but, they actually come from the car manufacturer.
What’s the difference between a rebate and an incentive?
A rebate is just one type of car buyer incentive. An incentive is anything offered by the manufacturer or dealer that encourages customers to purchase a car by sweetening the pot, so to speak.
When to take a rebate instead of a down payment?
If you have plenty of cash available for a down payment, or if your trade-in has a high enough value to avoid making a cash down payment, you may want to consider other manufacturer incentives in lieu of a cash rebate.
Do you have to pay sales tax on a rebate?
In a few states, the rebate may legally be subtracted from the selling price of the vehicle before taxes are added in. If this is the case, the rebate has the added benefit of reducing the amount of sales tax you may be required to pay on a vehicle. Therefore, you should always be aware of the laws regarding rebates in your state.
However, there are a lot of misconceptions about what car rebates actually are and how they are used. Many people mistakenly believe that dealer rebates come from the new car dealership–but, they actually come from the car manufacturer.
Are there any rebates or incentives with GM?
GM is known for their great GM discounts as well as their rebates and incentives. It’s important that you understand the various GM discount programs to see if you qualify, but it’s equally important that you stay up-to-date on the current rebates and incentives on select GM models.
Can you use a rebate on a leased car?
If the offer is for bonus cash, you can use the rebate and apply it to the finance price for a leased vehicle. Some dealerships may require you to purchase a vehicle through their own financing services for you to receive a rebate offer.
What kind of rebate does Bayside Toyota get?
What Sally doesn’t know is that Bayside Toyota gets a $2,000 rebate from the manufacturer every time they sell a vehicle like this. Plus, the Southeast Division of Toyota Dealerships rewards Bayside Toyota with another $3,000 of dealer cash incentive each time they sell a vehicle like this.