Best Car Deals- October 2009

Carmaker Car Deal Expires BMW 0.9 to 2.9% APR financing for up to 48 months on most models 11/2/09 Buick, GMC, Cadillac,Chevrolet, Cash-back offers of up to $2,000, varying by model. 0% financing available in some regions, but cannot be combined with discounts. 11/2/09 Ford, Lincoln,Mercury 0 % APR financing for up to 60 months, rebates as high as $5,000 on many 2009s. 10/5/09 Honda 2.9% APR financing for up to 60 months on selected models 11/2/09 Mercedes-Benz 2.9% APR financing for 36 months on selected models 11/2/09 Toyota Toyota deals vary regionally, but 2.9% APR financing is available on most models in most regions. Cash back offers of up to $2,000 are available on a limited selection of models. 10/5/09 Volkswagen 0% APR for up to 60 months on selected models 11/2/09 In August, many car dealerships set sales records. In September, they set records for futility. So what should we expect from October? They're headed back into action. Last month, dealers didn't expect to do much business. Their lots were not full of new vehicles awaiting buyers, they were full of clunkers awaiting destruction. Even if they'd wanted to sell new cars, in many cases they couldn't -- many popular models had all but sold out in the August sales rush, and factories were just beginning to rev back up to produce more. Dealers spent September placing orders for new cars, waiting for their Cash for Clunkers payments to arrive in the mail from Uncle Sam, and watching the clunkers get hauled away. October will be different. The government tap has been shut off, as the last of the Cash for Clunkers payments reached dealerships in late September. Shipments of new cars to sell are arriving daily as factories catch up with orders. And, best of all for buyers, salespeople who barely saw a customer in September are heading into October hungry to make a sale. The automakers are helping them out, offering cash-back rebates and interest-free financing offers to start negotiations. But buyers this month should keep in mind that the offers detailed below are just a starting point -- in many cases, dealerships have not made many sales in weeks and are willing to negotiate on prices in order to win your business. If you don't see the car you want on the local lot, don't be scared off. It may be coming shortly. Most manufacturers tell us that they have heavy shipments of new cars on the way to dealers early this month. And if the car you want isn't already headed to your town, your local dealer can order what you want from the factory, even if they don't currently have it in stock. The dealer may even be anxious to take your trade-in -- having spent weeks disabling most of the cars they took in, their used car lots are bare of decent offerings now.

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