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Car dealers offering deep discounts

Posted December 29, 2009
Updated December 30, 2009

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— Many car dealers are offering deep discounts as they try to put more people into the driver’s seat before the end of 2009.

Time to make a car deal Time to make a car deal

It has been an especially tough year for the auto industry, including bankruptcy filings of Detroit auto makers General Motors and Chrysler.

But despite dismal sales, dealerships are looking to end the year on a high note by doing all they can to move inventory off the lot.

“There are always rebates, but year-end rebates are always better than what they are throughout the other 11 months,” Capital Ford General Sales Manager David Butler said.

Butler said the rebates have led to crowded showrooms at the Raleigh dealership, at 4900 Capital Blvd. It is the kind of activity that all but disappeared when the economic recession hit.

Sales increased during the federal government’s car buyback program known as "Cash for Clunkers." But with the incentive program over, dealerships are back to slashing prices and negotiating year-end deals, rebates and low interest rates.

“Ford’s got big incentives. We've got zero percent interest rates on pretty much the whole line, F-150s, Escapes, pretty much across the board. We’ve got trucks we're discounting up to $14,000,” Butler said.

GM is offering big discounts on models as well, including Saturn and Pontiac where you can get as much as $6,500 off the now defunct line of automobiles.

Car shopper China Banks spent Tuesday afternoon checking out the 2010 Suzuki Grand Vitara.

“I hope to get a deal just like everybody else,” Banks said. “I like that it has a navigation system. It has everything I want for a vehicle, a CD player, it has an MP3 player."

Gary Galavotti went looking Tuesday for a new Ford F-150. He leased his last one exactly two years ago.

“My lease ends at a perfect time right now, when we start looking again. So it kind of gives me a reminder that one of the best times to go out there and buy a vehicle,” Galavotti said.

Many dealerships are also extending their hours through the end of the week to cash in on the year-end buying rush.

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  • mwerevu2002 Dec 30, 2009

    Quote: " Dude, when was the last time you owned an American company car? Maybe you should check out WHO is leading the Consumer Reports reviews for best car buy and WHO is leading in most complaints. I'll give you a hint, Toyoto is on one of those lists and it aint the best buy list."

    Consumer reports means nothing, as some companies 'pay' their way into those reports.Buy a Toyota or Honda and see.Dont believe the hype that American cars are good as I know from my experience.

  • itsmyownopinion Dec 30, 2009

    paulinnc, where did you shop?

  • jbyrd Dec 30, 2009

    quote: todmax
    "Many of the Toyotas (like my Tundra) and Hondas (like my wife's Accord) are built in America by American workers. To say we don't make good cars is just off base. Our homegrown automakers have been beaten out by the Japanese companies on the building techniques and quality control though. Maybe US automakers should throw money at stealing talent from Toyota and Honda that will help them figure out how to build better cars. The Lee Iacocca days of engineering vehicles to last just past their warranty expiration has caused a lot of Americans to lose faith in US car companies. Build a car that will last and we'll be back."

    Dude, when was the last time you owned an American company car? Maybe you should check out WHO is leading the Consumer Reports reviews for best car buy and WHO is leading in most complaints. I'll give you a hint, Toyoto is on one of those lists and it aint the best buy list.

  • mwerevu2002 Dec 30, 2009

    The golden rule of car buying... The greater fool buys NEW...

    What? I think you menat to say that the greater fool buys used.When you buy a brand new car, especially if its a Toyota or Honda, you get back most of your money at resale.If you buy an American car, it depends on how much you pray to get most of your money back.I used to buy used but after realizing that I can buy a Camry for 16,000, drive it for 6 years then sell for $12,000 to people who will fight for it, why should I buy used, when I wont get any of my money back?

  • Gatsby Dec 30, 2009

    The golden rule of car buying...
    The greater fool buys NEW...

  • poorboy Dec 30, 2009

    GINA the foreign cars got bail out money too (not our govt) and you can watch TV without a stupid toyoto advertisement

  • ginaosbo Dec 30, 2009

    I notice that almost every day, OUR car companies, you know the one's who got Taxpayer dollars for the "bail out", at least one, either GM or Chrysler has full page ads in the N&O. I am sure that the N&O is not the only one either!

    Of course, it's not their money they are spending, so what the Hay!!

  • ncouterbanks69 Dec 30, 2009

    I am too old to have only had 4 cars but that is still the case. Fist was 1985 Ford Escort, 285,000 miles. The second was 1987 Ford Escort that went 190,000. Both had very few problems. A few timing belts, and most important not a mile over 5000 with an oil change. I do not see a Honda/Toyota or whatever getting much more milage than that. ESPECIALLY considering the price difference. My latest is a 1995 Ford Mustang (last year of the true 5.0) that has 140,000 and still running smooth although it doesn't have the 0-60 it use to. Finally a 2005 Suburban (never thought I would buy Chevy but I love that truck) with only about 60K. So American cars suck? I'll take those results against any car at any price.

  • poorboy Dec 30, 2009

    whats wrong with some of you, never never buy toyota honda or any others. I bought 09 ford brand new and never looked at anything but american and recently bought used chrsyler

  • gearstickk Dec 30, 2009

    These cars are made by people making $50 per hour with benefits.I have NO sympathy for these workers who turn down salary reductions to keep the company in business.Let them hit the unemployment line and then they will be glad to work for ten bucks an hour.Here in the south,that is the average wage.Then they come down south and think we are all stupid,lazy and they are better than us.Take yourself back up north where you came from and be a good yankee and stay there.You screwed up the north and now you want to screw up our south.

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