Looking for a Deal on a Hybrid or Electric Car? Here are Two
Over the course of the Memorial Day weekend, I came upon a couple of stories that provide insight into where you can make a good deal on a hybrid or electric car. These aren’t deals on cheapos. They will cost you a little bit; but, they are fine vehicles that will last you a good 100,000 miles easily. If I read these articles right, each can be had at a much better price with some good negotiation.
The first comes from a story in Motor Authority. Apparently there are a lot of Cadillac ELRs sitting on the lot. So many that Cadillac is offering deals just to test drive the car. From the story:
The Cadillac ELR is, to our eyes, a very good-looking car. It’s not quite beautiful, but its proportions, details, and overall theme just work. Its performance and gas mileage both come up just a touch short, but there are few cars that offer the same combination of style and economy on the market…Cadillac is discounting the car by $3,000 and throwing in a Level 2 charger with installation after just five months on the market. Perhaps that’s also why, as AutoWeek reports, Cadillac is offering a $5,000 incentive to dealers just to get customers to test drive the cars.
Or perhaps it’s the fact that there is, at current sales rates, a two-year (725-day) supply of the cars sitting around on dealer lots.
Unfamiliar with the Cadillac CLR? Click on the video above to see it featured in Cadillac’s Super Bowl ad. The ad wasn’t their best work, to me. But it showed that GM was thinking aggressively about spreading the Volt’s technology across it’s brand.
The second vehicle is a part of this story from Wall St. Cheat Sheet. The Mercedes Benz E400 sedan has an average lot life of 179 days, making it the second slowest-selling premium car in April 2014. According to the article:
With mediocre hybrid statistics (24 miles per gallon in the city and 30 on the highway) combined with a starting price tag north of $56,000, it’s not hard to see why the E400 Hybrid is a slow seller — especially with the E250 BlueTec diesel in the lineup, which achieves 28 miles per gallon in the city and 45 on the highway for under $52,000.
Now, the E400 has better performance (meaning “faster”) than the E250. Our own New Vehicle Configurator shows the E’s True Market Value at $52k. That it doesn’t move from the lot should mean another 10-20% off, given your financial means. You won’t get that deal for an E250. Below is a video walk around of the E400, courtesy of AutoMotoTube.
Like I said, these vehicles aren’t for everyone. But if you have the means, and the negotiation skills, you can have either for a significantly better price than equivalent gas-powered or green cars.
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