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How were pre-Covid truck deals and rebates


Chapap

Well-Known Member
U.S. Military - Veteran
Joined
Jul 31, 2021
Messages
1,068
City
NW Florida
Vehicle Year
1994
Engine
2.3 (4 Cylinder)
Transmission
Manual
Total Drop
1.5” till I get these springs replaced
Tire Size
225-70-R14
I’m looking at an f150 XL ranging from $38k to $46k. No rebates to be seen of course. Because of this, a $22k Elantra looks very attractive. So how were Ford’s rebates in general. I read that $10k under msrp was not uncommon. I never paid attention, so I have no idea.

This could be a moot point concerning the future though. I don’t particularly want to wait two decades for the market to recover. Maybe I’ll luck out and $7.50 gas will bring back the rebates.
 
There really wasn’t any in 2019, at least not for the Rangers. Brand new truck. They weren’t gonna offer any deals on it.
 
I hope the raising gas prices bring truck prices back to normal, also.

Not that it matters, the raising inflation rates will make it hard to get trucks for lots of folks. It will either be new truck, or three meals, soon
 
My 2020 F150 is worth pretty much exactly what I payed for it in Feb of ‘20... 2 years later.
 
Auto rebates are typically to clear model-year inventory during the latter half of the year. There are other reasons for rebates, such as a rebate in lieu of promotional financing, which is simply done to keep the customers who have their own financing or are paying cash. Rebates are also done to maintain market share. The latter has been evolving into marketing newer vehicles as costing less to maintain than competitors and are taking the form of free maintenance (oil changes, etc) for a period of time. This tactic has been successful with younger car buyers who don't know anything about cars, and the dealers see it as a great opportunity to upsell other services while they are getting an oil change.
 
I know I got a hell of a deal on my 2011 because they were clearing them out. $23,000 was a steal for a new truck. I paid nearly 2X that for the 2019.
 
My 2020 F150 is worth pretty much exactly what I payed for it in Feb of ‘20... 2 years later.
Local Hyundai dealer a had year old used Sonata on the lot with around 4k miles. It was priced about $6,000 over msrp. No idea how they got that number.
 
I got my truck 4k off msrp one year ago.
 
It all varies. Covid has screwed things up dramatically for new/ used cars. Discounts of 10k might have been more common on the higher price 250/350 series. There also could have been discounts applied that you would not qualify for.

Bill is right about rebates being used to clear out leftover models. When my parents brought a 2014 Cherokee in Nov. 2014, they took $5,500 off sticker on a car that was just under $32,000 MSRP. The discount actually increased from October 31 to November 1. Because they wanted to move it out.

Being that inventory is so tight right now for new cars and trucks, there is no need to put rebates on them.

OP- My only advise to you is to find the truck you want in the configuration that you want, especially if you plan on keeping it. If you are happy with the truck, the little more you may have to pay for it will be forgotten.
 

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