Automotive

New car manufacturer Delivery Credit incentive

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  • Jul 18th, 2016 7:07 pm
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[OP]
Deal Addict
May 4, 2014
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Toronto, ON

New car manufacturer Delivery Credit incentive

Is it really only valid if the car has been delivered to the customer by the expiry of the incentive date? Or is it based on the date the deposit was put down?
6 replies
Deal Expert
Aug 22, 2011
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Center of Universe
er34er34 wrote: Is it really only valid if the car has been delivered to the customer by the expiry of the incentive date? Or is it based on the date the deposit was put down?
Based on the date you signed the sales agreement.
On the actual day you take delivery (or around that time) you can take advantage of new promos or incentives, but can't stack with previous ones.
Deal Fanatic
Aug 4, 2005
8048 posts
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Brampton
vkizzle wrote: Based on the date you signed the sales agreement.
On the actual day you take delivery (or around that time) you can take advantage of new promos or incentives, but can't stack with previous ones.
So if a lower interested rate or new incentive comes out the following month when taking delivery you can take that instead?

Can they deny or is it a new sales agreement that would have to be made?
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Jul 30, 2007
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if in doubt, always put this condition in writing that "you are entitled to the better of .... " therefore, no misunderstanding by all parties.
Deal Expert
Aug 22, 2011
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Center of Universe
Badman wrote: So if a lower interested rate or new incentive comes out the following month when taking delivery you can take that instead?

Can they deny or is it a new sales agreement that would have to be made?
Yes, keeping in mind that lower interst rates, usually means lesser $ amount discount.
I'm sure majority if not all manufacturers do this, but at least I can confirm both Lexus and Ford practices this.
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Aug 4, 2005
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Brampton
booblehead wrote: if in doubt, always put this condition in writing that "you are entitled to the better of .... " therefore, no misunderstanding by all parties.
Good idea.
vkizzle wrote: Yes, keeping in mind that lower interst rates, usually means lesser $ amount discount.
I'm sure majority if not all manufacturers do this, but at least I can confirm both Lexus and Ford practices this.
Hmm so just to make sure lets say you buy a $30k tax-in car after a $2000 discount. Now you take delivery the following month but they have a $1000 incentive. Wouldn't it be calculated as the $30k - $1130(13% tax) thus taking delivery at a price of $28,870? Or will you need to renegotiate that original $2000 discount as well?

Now if your leasing that number will be change but possibly the residual factor and interest rate will also change. So you need to see which months rate results in a lower payment.
Deal Expert
Aug 22, 2011
35631 posts
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Center of Universe
Badman wrote: Good idea.



Hmm so just to make sure lets say you buy a $30k tax-in car after a $2000 discount. Now you take delivery the following month but they have a $1000 incentive. Wouldn't it be calculated as the $30k - $1130(13% tax) thus taking delivery at a price of $28,870? Or will you need to renegotiate that original $2000 discount as well?

Now if your leasing that number will be change but possibly the residual factor and interest rate will also change. So you need to see which months rate results in a lower payment.
Likely not because those discounts are probably from the factory and they're not stackable (one or the other).

With that being said, if discounts are from the dealership; than you can stack them with any new factory incentive up to the delivery date.

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