Until the auto industry picks back up, potential buyers will get some of the best deals in years if they buy a car now.
GM, Ford, Chrysler, Toyota, Honda and Nissan offered the highest incentives last month of any February since Edmunds.com started tracking in 2002, reports USA Today.
The average discount for all automakers was $2,914, up $400 from a year ago. Chrysler, the automaker that seems to be hurting the most, is offering an average discount of $5,566 per vehicle, up from $3,520 last year.
Chrysler is offering the biggest incentives of any automaker right now.
Buyers in the Littleton, Colo. area can get a 2010 Dodge Ram Quad-Cab truck for $17,975 at Jerry Morris’ Broadway Dodge. The original price on the truck is $31,405, USA Today reports.
GM was offering an average incentive of $3,584 in February. Ford offered $3,430, Nissan offered $2,509, Toyota offered $1,744 and Honda offered $1,249.
We’ve all heard how it’s a buyer’s market right now. If car buyers decide to wait to buy their next vehicle, chances are the awesome incentives will go away once the economy rebounds. Car loans are reportedly getting easier to get approved for and with these huge incentives, this could be the perfect time to buy.