New Car Rebates and Incentives - June 25, 2009
The 2009 Chevrolet Equinox is Chevy’s answer to the cute-ute trend that eventually spawned the compact sport-utility vehicle segment. Designed to go up against class leaders like the Ford Escape and the Toyota RAV4, the Equinox combines features found in crossover vehicles with those from truck-based SUVs in order to provide an easy to drive platform that still offers excellent cargo space and interior room. Larger than most of its competitors, the Equinox can seat up to 5 passengers and handle a maximum of 68.6 cubic feet of cargo.
The 2009 Chevrolet Equinox can be ordered with one of two V6 engines. The first is a 3.4 liter unit that generates 185 horsepower and 210 lb-ft of torque, and turns in fuel mileage numbers of 17 miles per gallon in city driving and 24 miles per gallon on the highway. A more powerful 3.6 liter unit is also available, and it bumps performance up through the production of 264 ponies and 250 lb-ft of torque. Interestingly, fuel economy for this unit is identical to that of the smaller engine. The 3.4 liter is mated to a 5-speed automatic, while the 3.6 sees the use of a 6-speed auto. All versions of the Equinox can be equipped with all-wheel drive.
There is a financing incentive of 0.0% interest or $1,000.00 cash back on the 2009 Chevrolet Equinox effective until 06/30/2009.
The 2009 Dodge Avenger is a mid-size sedan that shares a similar look with the larger and more aggressive Dodge Charger. Toned down somewhat to appeal to a wider audience of buyers, the Avenger still stands out when compared against other more sedate four-door options. The Avenger can be ordered with a number of interesting features, such as a GPS navigation system, satellite radio, heated leather seats, a rear seat DVD entertainment system and 17 inch alloy wheels. The vehicle’s interior provides decent accommodations for four adults, and the rear seat folds down in order to open up more carrying space for luggage and other types of cargo.
The base 2009 Dodge Avenger is powered by a 2.4 liter, 4-cylinder engine that is rated at 173 horsepower and 166 lb-ft of torque. With fuel mileage of 21 miles per gallon in the city and 30 miles per gallon on the highway, this edition of the sedan is fairly thrifty. The Avenger R/T packs a 3.5 liter V6 good for 235 horsepower and 232 lb-ft of torque, which substantially increases acceleration but unfortunately penalizes fuel economy: the R/T’s numbers in this area are 16 miles per gallon in stop and go traffic and 27 miles per gallon on the highway. A four-speed automatic handles the gear shifts for the 4-cylinder engine, while the V6 is paired with a slick 6-speed auto.
There is an incentive of $1,000.00 cash back on the 2009 Dodge Avenger effective until 06/30/2009.
The 2009 Ford Explorer is the latest in the line of sport-utility vehicles that helped to jump-start the SUV market in the 1990’s. The vehicle still makes use of the same truck-derived platform and sturdy construction that have made it a rugged and popular option amongst families and outdoor adventurers alike. The entry-level Explorer is equipped with air conditioning, an MP3-capable CD player, a trip computer and folding power mirrors. Available upgrades include leather seats, a moonroof, satellite radio and a towing package. The SUV also packs an incredible 85.8 cubic feet of cargo space with the rear seats out of the picture, making it one of the most capable mid-size SUVs around.
The 2009 Ford Explorer’s base V6 engine is fairly robust, generating 210 horsepower and 254 lb-ft of torque from a 4.0 liter unit. Matched with a 5-speed automatic transmission. fuel economy for this engine is shown as 14 miles per gallon around town and 20 miles per gallon on the highway. A 4.6 liter V8 is also available, and along with a 6-speed auto it provides drivers with 292 horsepower and 300 lb-ft of torque, as well as slightly better fuel economy. Four-wheel drive can be ordered on any Explorer.
There is a financing incentive of 0.0% interest or $4,000.00 cash back on the 2009 Ford Explorer effective until 06/30/2009.
The 2010 Hyundai Genesis Coupe is the long-awaited two-door, rear-wheel drive sports car that has become the highlight of Hyundai’s performance stable. The vehicle offers unparalleled styling and performance when compared to the sports coupes previously offered by the company, but yet retains the same high build quality and excellent warranty that have become hallmarks of Hyundai’s North American reputation. A special sport suspension underpins the vehicle, and enables it to compete favorably in terms of handling with other quick coupes that cost significantly more.
There are two different versions of the 2010 Hyundai Genesis Coupe, each of which takes a different path towards providing driving thrills. The 2.0T makes use of a 2.0 liter, 4-cylinder engine that employs a turbocharger to squeeze out 210 horsepower and 223 lb-ft of torque. A 5-speed automatic or a 6-speed manual transmission are on offer for this power plant, and fuel economy is rated at 21 miles per gallon in the city and 30 miles per gallon on the highway. The Coupe 3.8 is provided with a 3.8 liter V6 that churns out 306 horsepower and 266 lb-ft of torque, and it can be ordered with a 6-speed manual or 6-speed automatic gearbox. Fuel mileage for the V6 Coupe drops to 17 miles per gallon in stop and go driving and 26 miles per gallon during highway cruising.
There is an incentive of $1,000.00 cash back on the 2010 Hyundai Genesis Coupe effective until 06/30/2009.
For over a decade, the 2009 GMC Yukon has been a mainstay of the company’s sport-utility lineup. Large enough to accommodate the entire family yet not possessing the type of length that would make it intimidating to drive and park, the Yukon has become the full-size SUV of choice for an entire generation of truck buyers. The vehicle’s tough frame is rated to tow over 8,000 lbs which makes it a favorite amongst those who regularly pull a camping or boat trailer on the weekends. The vehicle offers 108.9 cubic feet of total storage space, and a Denali luxury package enables buyers to deck out the vehicle with almost Cadillac-like levels of decadence and comfort.
The 2009 GMC Yukon makes a variety of V8 engines available to buyers, along with the option of four-wheel drive (all-wheel drive in the case of the Denali). The smallest is a 4.8 liter mill that produces 295 horsepower and 305 lb-ft of torque, and which is rated at 14 miles per gallon in city driving and 19 miles per gallon during highway cruising. A 320 horsepower, 5.3 liter unit that also generates 340 lb-ft of torque along with very similar fuel mileage is the next step up, while a 6.2 liter, 403 horsepower beast is found underneath the hood of the Yukon Denali. All engines can be shifted via 6-speed automatic, with the entry-level V8 also available with a 4-speed auto.
There is a financing incentive of 0.0% interest or $1,000.00 cash back on the 2009 GMC Yukon effective until 06/30/2009.
Cash For Trucks Bill Passes
Yes, I know it technically covers all "clunkers," but, whether it was the government's intention or not, I'm thinking it will mostly be SUVs and light trucks that are traded in under the Community Assistance to Recycle and Save Act, as passed by the House anyway. And I suppose that's better than nothing. But what I don't understand is why the CARS Act ("CARS," get it?) makes things so difficult on people who would want to trade in actual, uh, cars.
The basic rules covering light trucks and SUVs require the vehicle being traded in to get less than a combined 18 mpg according to the EPA. Also, it can be no older than a 1985 model. Swap that for a vehicle that gets at least 2 mpg better and the government chips in $3,500 toward your new ride; move to a car or truck that gets at least a 5-mpg improvement, and you get $4,500.
Now, there are still a lot of trucks on the road from the recent heyday of the late 1990s-early 2000s that do not get 18 mpg combined. In fact, after a quick glance at the EPA's official figures, it looks like every single full-size pickup or SUV from the 1985 model year on, as long as it packs a non-diesel V8, would qualify for the program. As would just about every body-on-frame SUV made during the eligibility period. And even though these owners couldn't move into another full-size truck — except for the Chevrolet Silverado/Suburban Hybrid and GMC Sierra/Yukon Hybrid — plenty of today's smaller SUVs, along with a larger number of cars, can get the 20 mpg that brings in $3,500. Buyers could even squeeze into a base Chevrolet Colorado or GMC Canyon to get to the magic number.
On the small SUV side, the pickings are pretty good, starting with the 2010 Chevrolet Equinox. This vehicle is already getting rave reviews, and I can tell you from personal experience it's quite sharp. And even the all-wheel-drive version gets a combined 23 mpg. The Ford Escape, a bit long in the tooth, would also qualify, even in six-cylinder/AWD trim. Going to the next size up, the Ford Edge and Ford Flex, and the Chevrolet Traverse, each come in at a combined 19 mpg. I'm betting Ford and/or General Motors could coax another mile per gallon out of these before the bill expires in a year.
For cars, however, things are a bit different. Well, the starting point isn't. You still need a potential trade-in that gets 18 mpg combined or lower. But the thing is, that's not that many cars. The big pigs from the late 1980s are, of course, eligible. But a post-1992 V8 Ford Crown Victoria, for example would not qualify. And by the mid 1990s, most midsize cars would fall off the eligibility list. When you reach the 2000 model year, still a decade in the past, even the Cadillac DeVille was bettering 18 mpg combined.
Then, as far as what your have to purchase to get your own personal bailout, you need a 4 mpg jump for $3,500 and a 10 mpg increase for the $4,500. The former is eminently doable; the latter, not so much. In nearly every case, if you're starting from a piece of basic transportation from Chevy or Ford, you'd have to move into something like a Chevrolet Cobalt or Ford Focus to get the big bucks.
So, let's recap here: Under the currently proposed legislation, if you own a "real" truck, it will be very easy for you to cash in to the tune of $4,500. You won't be able to get a "real" truck in return, but you could easily get into a "real" car or crossover. If you own a car, most people will be completely left out.
In the end, given the buying behavior in the U.S. market, where the Ford F-150 is still the top-selling vehicle, a bill that will primarily cover owners of trucks and still allows them to buy another "American-type" vehicle (size-wise) is at least step in the right direction.
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