Rebates?
9/14/10, 02:52 PM
#1
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Rebates?
Anyone care to make an educated guess on whether rebates after October 4th will be dropped, kept the same, or increased?
I'm now sure my car won't get delivered before the 4th so my understanding is that the deal I signed in July will basically go down the drain (as far as the rebate). There's always the possibility that October rebates will be higher but I'd rather have the "bird in the hand".
I'm now sure my car won't get delivered before the 4th so my understanding is that the deal I signed in July will basically go down the drain (as far as the rebate). There's always the possibility that October rebates will be higher but I'd rather have the "bird in the hand".
9/14/10, 03:21 PM
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Since the 2011 deliveries, rebates have only gotten better except in one instance. In my area, there was an additional rebate of $500 that was only available for a few days before and after Labor day. Other than that, rebates have stayed the same or gotten better. Since Aug 2010 was the the worst August for car sales since 1983 and Camaro outsold Mustang for that same month, I predict the rebates won't get any worse after October 4th. I just don't see September being a "turn around" month. Economy is still weak and consumer confidence is still low.
9/14/10, 06:04 PM
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A pure non insider guess, I think they will at least stay the same.
Since a fellow member started posting monthly sales numbers, I became interested in the sales trends and wonder if there would be any correlation to the sales of the prior years.
Going back to 2007, the Mustang has always sold fewer units into the final months of the year, with the exception being an uptick in December.
So, if history is a indicator, and so far the sales are following the trends of prior years, sales for this month will be less than last month, and sales for October and November will continue to decline. November turns out to be the lowest volume month of the entire year before the December uptick.
So, the question becomes are the lower sale volumes padded by increased dealer incentives and rebates to help move units, or are the lower sales numbers a result of fewer rebates and incentives offered by Ford?
I don’t know the cause for the historical trends, just the trend.
But, for those buying later this year, hopefully the rebates are being used to push up sales during the months of historically lower volumes.
Since a fellow member started posting monthly sales numbers, I became interested in the sales trends and wonder if there would be any correlation to the sales of the prior years.
Going back to 2007, the Mustang has always sold fewer units into the final months of the year, with the exception being an uptick in December.
So, if history is a indicator, and so far the sales are following the trends of prior years, sales for this month will be less than last month, and sales for October and November will continue to decline. November turns out to be the lowest volume month of the entire year before the December uptick.
So, the question becomes are the lower sale volumes padded by increased dealer incentives and rebates to help move units, or are the lower sales numbers a result of fewer rebates and incentives offered by Ford?
I don’t know the cause for the historical trends, just the trend.
But, for those buying later this year, hopefully the rebates are being used to push up sales during the months of historically lower volumes.
9/16/10, 01:41 PM
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They're currently offering 3.9% for 60 months on the Mustang. Is there any real hope of this rate improving for '11 Mustangs in October?
I'm currently without a car and renting, but if there is a decent chance that rate will go down I'll just wait.
I'm currently without a car and renting, but if there is a decent chance that rate will go down I'll just wait.
9/17/10, 12:22 AM
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9/17/10, 06:29 AM
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Florida. The difference between 2.9% and 2.84% on $25K over 60 months is hardly worth mentioning - $0.67 per month and not quite $40 over the length of the loan. Sorry, I don't know what my current FICO score is but I am told by my bank that my credit is "excellent".
9/17/10, 11:24 AM
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9/17/10, 01:51 PM
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You're right... it won't be low interest AND high rebate. It will be one or the other available at the same time. For example, Ford could offer 0% interest OR 1500 cash back. It would be the customer's choice to take the rebate or the financing. But the manufacturer will almost always offer the choice and the rebate will be in line with the interest savings of the lower rate.
9/18/10, 10:58 AM
#18
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Sure it does. See WhiteBird00's reply, he explained it better.
You're right... it won't be low interest AND high rebate. It will be one or the other available at the same time. For example, Ford could offer 0% interest OR 1500 cash back. It would be the customer's choice to take the rebate or the financing. But the manufacturer will almost always offer the choice and the rebate will be in line with the interest savings of the lower rate.
9/18/10, 07:10 PM
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