Chevrolet offers deep discounts on 2012 models

Cars outside Chevrolet dealership

Chevrolet has dropped the prices on many new 2012 vehicles by thousands of dollars as part of a no-haggle marketing campaign.

The promotion, Total Confidence Pricing, is similar to the popular employee pricing discounts offered in the past. Grab one of these deals, and you could save more than 10% on a 2012 model.

One example is the 2012 Chevrolet Malibu.

The sticker price on this car starts at $22,870, including destination charges.

But with Total Confidence Pricing, which includes cash incentives, a dealer in California is offering the car for $20,530. That’s a savings of $2,340, with no haggling necessary.

All new 2012 Chevrolet models are eligible for Total Confidence Pricing, and it is available across the country.

At an MSRP of $22,870, if you assume a 10% down payment with no trade-in, it would leave a balance of $20,583.

Finance that amount at 4.5% for 60 months (roughly the national average for auto loans), and your car payment would be $384 a month.

But use the discounted price of $20,530 and finance at 4.5% for 60 months with 10% down, and your payment drops to $344 per month.

Use our auto loan calculator to help you budget your monthly payment.

The same California area dealer is offering a 2012 Chevrolet Traverse with a discounted price of $28,381, which includes a $1,500 cash allowance. The standard MSRP, including destination charges is $30,335, so that’s a savings of almost $2,000.

Chevrolet also is promoting the Love It or Return It guarantee. If you buy a 2012 or 2013 car or truck and decide that you’re not happy, you can bring it back to the dealer within 30 to 60 days.

If the vehicle was driven fewer than 4,000 miles and has no damage, it can be returned for a refund of the purchase price and sales tax.

But beware -- if you return the car, you don’t get back title, licensing, registration and other fees. Check with your dealer for details on all incentive programs.

The lower prices are being offered across the nation to buyers who take delivery from dealer stock by Sept. 4, 2012.

You don’t necessarily have to use Chevrolet financing to take advantage of this offer. The average auto loan rate from lenders nationwide is 4.46% APR for 60 months, according to our latest survey.

Search our database of the best auto loan rates from several other lenders in your area to see if you can get that rate, or better.

You could score a good deal even if you decide to purchase a car other than a Chevrolet.

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