zzdcar
Home
/
Reviews
/
Buying
/
Watch Out For Fake Car Deals This Presidents' Day Weekend
Watch Out For Fake Car Deals This Presidents' Day Weekend-November 2024
2024-02-19 EST 22:09:51

Since 2018, dealers are pulling out all the stops to get you into the showroom. Presidents’ weekend is usually a big time for car buying, but some of these so-called deals don’t really offer the yuuuge savings you would expect.

Our friends at ran the numbers on some nationally advertised deals in anticipation of the Presidents weekend car buying bonanza and found that a few of them aren’t quite as good as they seem.

Here are a few examples via Senior Pricing Analyst, Alex Bernstein. First up is the Ford Fiesta lease for only $199 per month, which seems pretty decent for a cheap car, but when you look at the deals on other Ford products the picture changes.

The is listed at $189 for 36 months with $1,899 at signing, an effective cost of $242/month.

But your upgrade options don’t end there. For $4 more than the Fiesta, you can get behind the wheel of a spacious new Fusion SE with Tech Package that has an MSRP of $24,670. It’s listed at just $189 for 36 months with $1,999 at signing.

It’s effective cost? $245/month. That’s $4 more to lease a car that’s $7,510 more expensive.

Next up is the Nissan Rogue which Nissan says you can get up to $3,000 off before any additional dealer discounts, but as always the devil is in the details.

Alex again:

That’s because the offer is only good with the Midnight Edition Package which has an MSRP of $28,090 and is only available in three colors: white, grey and black. It features a built-in discount worth $780.

Nissan is also assuming you’ll be eligible for a $500 bonus for financing through Nissan Motor Acceptance Corp (NMAC). However, this requires taking out a loan at non-promotional rates.

Not keen on financing or spending $28,000 on a special edition? In that case, you’ll only be eligible for $1,750. That’s a 42% difference from the advertised savings amount.

And finally we have Ram playing a little fast and loose with how they advertise their discounts on a 1500 Big Horn which seems to have a discount of almost $12,000, but the automaker hides behind a key phrase, “total value.”

To get to $11,856, RAM is making a bunch of assumptions. To start, that amount only applies to 2018 Big Horn models when choosing one with a Crew Cab configuration. For reference, that’s a vehicle with an MSRP over $41,000.

That said, our analysis shows that the style in question is only eligible for $5,750, even when including $1,500 in bonuses you can only get when taking out a loan through Chrysler Capital.

So what about the missing $6,106? The fine print says it’s assuming an average dealer discount based on a survey of nationwide prices. So is it a guarantee that your local dealer will give you $6,106 to take a Big Horn off their lot?

The reality of Presidents’ Day car sales is that this holiday is no different than any other major holiday where automakers and dealers try to capitalize on a day off to boost their sales. What most people don’t realize is that these sales run through the entire month, not just one weekend.

So if you happen to be in the market for a car, take your time, do your research, compare quotes before you arrive and use some critical thinking skills before you get hooked into the dealership by some advertisement.

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Buying
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
At $5,900, Is This 1984 Nissan 720 4X4 A Solid Deal?
According to its seller, today’s Nissan 4X4 shows “pride of ownership.” Let’s see if it would take swallowing one’s pride to pay its asking price. Opinions were split on how well the design of yesterday’s has held up over the years. Some of you commented that the design still...
Nov 17, 2024
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
At $950, Would You Go All-In On This 1984 Plymouth Colt GTS Turbo Project?
One of the calling cards of today’s Plymouth Colt is its “Twin Stick” overdrive gear change, which gives the car eight speeds going forward and two in reverse. Let’s see if this project car has anything else to offer. Just as Goldilocks discovered when appropriating Papa Bear’s lifestyle and...
Nov 17, 2024
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
At $18,500, Would You Lean Toward Buying This 2022 Ford Mustang?
Today’s Mustang is being sold by a towing yard, which means it’s probably a lien sale. Let’s see if this clean title convertible is priced to put a new buyer on the hook. The general consensus on last Friday’s was that it would be the perfect car for someone...
Nov 17, 2024
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
Which One Of You Suckers Is Going To Pay Over $32,000 For A 25-Year-Old Toyota 4Runner
The (and Tacoma) have a death grip on used values. It’s been this way for years. Go ahead, go try and buy any TRD trim that’s a couple of years old; it’ll cost you as much as a new one — not that you could buy a new one...
Nov 17, 2024
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Someone Willingly Paid $16,000 For A Maserati Ghibli On Cars & Bids. Don’t Make The Same Mistake
Let’s cut right to the chase: buying a is not a good idea unless you have deep enough pockets for the upkeep. For those not in the know, they’re sirens. They draw you in with their premium Italian image and sweet songs of and then go in for the...
Nov 17, 2024
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
At $8,600, Would You Go Topless In This 1994 Cadillac Eldorado?
The seller of today’s Caddy claims they should be selling it at auction but says who’s got time for that? Let’s see if we have the time for this custom convertible at its non-auction price. Many of you agreed that the $950 asked for yesterday’s was “chump change.” Even...
Nov 17, 2024
Copyright 2023-2024 - www.zzdcar.com All Rights Reserved