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Posts Tagged ‘rebates’

Appliance Rebate Program Overwhelms Websites

March 2nd, 2010 by Matthew C. Keegan | 1 Comment | Filed in Consumer Tips

All fifty US states and six territories and the District of Columbia are participating in a federally funded appliance rebate program, one that has its roots in the American Recovery and Reinvestment Act of 2009 also known as the $787 billion stimulus program. These states and territories have been allowed to create their own rebate programs with all 56 plans now approved by the U.S. Department of Energy (DOE).

Traffic Flood

Energy StarYesterday, Minnesota and Iowa were among the first states to launch their programs and although different from each other the result was the same: related websites were flooded with traffic, crashing servers while also swamping phone lines as consumers sought additional information. In the Mar. 1, 2010 issue of the “Dubuque Telegraph Herald,” the Iowa Office of Energy Independence said that their website was down most of the morning while their toll free number was temporarily inoperative. Residents were being urged to try both methods later in the day.

According to the DOE, rebates are being funded with $300 million from the stimulus act. Eligible consumers can receive rebates to purchase new energy-efficient appliances when they replace used appliances, though the appliances to be covered vary from program to program.

Recycling Programs

Most rebates range from $50 to $250 and cover a wide range of appliances including refrigerators, stoves, dishwashers, hot water heaters, furnaces, heat pumps, freezers and more. Some programs limit the covered appliances while others cover all ten as recommended by the DOE. In order to qualify for a rebate, the new appliance must replace an old appliance. The DOE is encouraging states to create their own recycling program for the older units.

Each program has a base funding of $100,000 with some states receiving far greater funding. American Samoa, for example, is receiving the $100,000 minimum while our largest state, California, will receive more than $35 million. And although states can keep their programs active until February 2012, most are expected to run out of funds quickly, perhaps in as little as two weeks.

For more information about the program in your state and covered appliances, please visit the DOE website and click on your respective state’s program information.


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Forget December! Car Deals Abound In October.

October 14th, 2008 by Matthew C. Keegan | 1 Comment | Filed in Consumer Tips

After tallying up September 2008 new car sales, automotive manufacturers quickly concluded that waiting until December to run calendar year ending sales just wasn’t going to cut it, especially if they were to salvage something positive for the year. Bad news for manufacturers spells good news for Cadillac STSconsumers, especially for those new car buyers who can pay cash or have the credit to buy a new car.

Finding an excellent deal won’t take much effort as everyone is offering some sort of incentives right now including low rate financing, cash back, or both. Instead of focusing on specific deals, let’s take a look at some of the incentives currently being offered:

Cut Rate Financing — Zero Percent Financing remains one of the biggest draws for consumers and can be an excellent way for people to finance their cars. The finance arm of the automotive manufacturer will get you into a car and offer a loan from 36-60 months interest free (in a dwindling number of cases you may be able to find a 72-month term loan).  Most new car loans for people who have excellent credit carries an interest rate between 6-7%. This means that if you finance a $20,000. car loan for 48 months at zero percent interest, then your monthly payments would be $416.66, a savings of $60 per month compared to the prevailing loan rate of 6.5%. Over the life of the loan, you’d save $2880 in interest payments.

Cash Back – Instant savings is a huge appeal for some customers, especially those who have arranged their own financing or have the money to buy their car with cash. Any cash back offer that exceeds the savings of a special financing deal should be given consideration with even greater savings possible for people making an all-cash transaction. Typical cash back is at least $1000 right now with certain Jeep, Ford, and other truck models offering rebates of $4500-$7500.

Both — In some cases, an automaker will offer buyers a combination of cash back and cut rate financing. Large SUVs and big pickup trucks will sometimes offer both, but check the fine print: oftentimes the financing rate is higher and the rebate lower.

Which Offer Should You Take?

An automotive calculator can help you determine the best financing option for you. In addition, you may find that leasing offers a better deal, therefore compare lease/finance offers before heading off to your local dealership.

Though car makers are offering historically fantastic deals right now, those offers may not last especially as each company gets inventory trimmed down to meet customer demand.


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