If you're in the market for a new electric vehicle, now is definitely the time to buy or lease. Following price drops on just about every other EV on the market, Toyota is looking to push a few more all-electric RAV4 crossovers out the door over the Labor Day weekend. The Detroit News is reporting that, through September 3, anyone looking to get into a RAV4 EV in Los Angeles or San Francisco, can get a deal: a $299 a month lease (no word on down payment, though) or zero-percent financing for 60
Zero Percent Financing
When the U.S. auto market crashed in the fall of 2008, automakers bumped up incentives in a big way to clear dealer lots of bloated inventory. But when Cash for Clunkers drained inventory – with industry-wide incentives reaching $3,165 per vehicle – while simultaneously removing nearly 700,000 used vehicles from the market, automakers quickly weened themselves off incentives.
The credit crunch is affecting sales for every auto manufacturer. Toyota dropped a major bombshell when it announced that it would offer zero-percent financing on 11 of its models, and did it again by extending that promotion through the end of November. BMW followed suit and has begun offering 0.9-percent financing on every single one of its vehicles, proving that higher-end luxury marques are not immune to the downturn in sales. Now, it's Infiniti's turn. As part of its year-end sales drive, N
We have good news and bad news to report regarding Toyota's 0% financing deal that's currently going on in the U.S. The Japanese automaker must be seeing positive results from the operation, as it's extended the incentive through the month of November. That's the good news. The bad? This announcement likely means that we'll all need to put up with the excruciatingly horrible "Saved by Zero" commercials that have been infecting our TV screens these last few weeks. *Shudder*
Further proof that no automaker is immune to effects of the sales downturn in the U.S. comes as Toyota has just announced 0% financing on 11 of its models, including the hugely popular Camry and Corolla and a slew of SUVs and trucks. Last month, incentive-averse Toyota posted a drop in sales of over 30% compared to a year ago and the rest of the year isn't expected to look much better. General Motors, which still posted a decline in sales, fared better than most of its rivals, including Toyota,
In a move that's as predictable as the sun rising in the east and setting in the west, automakers are beginning to offer more sales incentives to boost summer sales figures. Ford is no exception, and as of today, those willing to drive away in a new Blue Oval offering can benefit from zero-percent financing on all new 2007 models. Want to buy a pickup or SUV? Ford will cut you a check for $2,007 in addition to the no interest financing for 36 months. However, Ford and Mercury CUVs aren't benefit
General Motors has decided to bring back 0% and reduced-rate financing on many of its models to save its sales efforts for March. No doubt the General is keen on putting up positive numbers for the month to compliment the other bits of good news that have signaled its turnaround may have turned the corner. The new incentives start today and include 0% financing for 36 months and reduced-rate financing for up to 72 months, in addition to an extra $1,000 rebate that can also be used by the custome
Meanwhile, Ford is once again following GM's lead by offering a similar incentive program at the center of which is the current high price of gas. FoMoCo has launched a nationwide "Drive on Us" sales incentive program, offering not only zero percent financing but free gas for the rest of the year for new vehicles purchased between today and July 31.