This year brings a newcomer to Black Friday steals and deals — cars. There's serious savings to be had on new cars, as well as some seriously horrible duds. Here's five of the best and five to avoid.
Good Deal #1
What: Buy A 2010 Suzuki SX4 For Under $15,000
Where: Suzuki Dealers
Regular Price: $15,849
Black Friday Price: $14,599
Savings: $500 Holiday cash on top of current deals, for a total savings of $1,300.
Why Its A Good Deal: You won't find a better utilitarian vehicle in this price range. Better yet, it comes with an in-dash navigation system featuring Garmin software.
Good Deal #2
What: GM Dealer Closing Sale: $2,000 Off For Certain Customers
Where: Cadillac, Buick-GMC, Chevrolet Dealers
Regular Price: Already heavily discounted
Savings: $1,000-to-$2,000
Black Friday Price: Between $1,000 and $2,000 cheaper
Why It's A Good Deal: Nearly one-million customers living near a closing dealership will receive a letter in the mail this week offering them an additional $1,000-to-$2,000 to purchase a vehicle at a dealership staying open. Deal ends at the end of the month.
Good Deal #3
What: BMW Diesel Luxury Sedans — More Than 10% Off
Where: BMW Dealers
Regular Price: $43,900
Savings: $4,500
Black Friday Price: $39,400
Why It's A Good Deal: BMW is trying to get U.S. buyers to accept diesel vehicles as luxury vehicles and is putting $4,500 in cash where its mouth is. Powerful and efficient, BMW diesels at a discount is a great deal.
Good Deal #4
What: 2009 Cadillac CTS-V: $5,000 Savings
Where: Cadillac Dealers
Regular Price: $58,575
Black Friday Price: $53,575
Savings: $5,000
Why It's A Good Deal: The CTS-V is a world-beater and the few remaining 2009 vehicles on dealer lots qualify for a $5,000 cash back deal. It's the fastest stocking-stuffer on the block.
Good Deal #5
What: Remaining 2009 Dodge Rams Up To $5,500 Cash Back
Where: Dodge Dealerships
Regular Price: $21,510 - $39,935
Black Friday Price: Up To $5,500 Off
Savings: $5,500
Why It's A Good Deal: Dodge is hoping they'll have a few less 2009 Rams sitting under their tree and are offering up to $5,500 in cash back if you'll help rid them of a nicely-loaded one.
Bad Deal #1
What: Ford's Year-End Sales Event Unremarkable
Where: Ford Dealers
Regular Price: Fairly Cheap
Black Friday Price: $1,000 less plus 0% financing
Why It's A Bad Deal: Ford is not as poorly positioned as other American automakers so they're offering a measly $1,000 cash back and 0% financing. This is a good deal — on Black Friday 2006.
Bad Deal #2
What: Baja MotorSports Phoenix 250cc Street Motorcycle A Bad Deal Free
Where: PepBoys
Regular Price: $1,999.99
Black Friday Price: $1,499.00
Savings: $500.01
Why It's A Bad Deal: Even with a $500 discount you're still buying a cheap-for-a-reason Chinese bike that's going to require riding lessons, a license and possibly being abandoned two weeks later on the side of the road.
Bad Deal #3
What: Get Less Than 3% Off Of A BMW M3
Where: BMW Dealerships
Regular Price: $54,850
Black Friday Price: $53,350
Why It's A Bad Deal: BMW knows it has a great product in the M3 sports sedan and it's throwing its smallest cash back offer on them. For less than 3% off most buyers won't notice it.
Bad Deal #4
What: Get A "Free" Upgrade To An AWD Charger You Didn't Want
Where: Dodge Dealerships
Regular Price: $30,540
Black Friday Price: $25,700
Why It's A Bad Deal: Dodge has a slate of attractive incentives for those wanting to buy a new car from them, but the "free" upgrade to an AWD Charger is selling you an unpopular AWD upgrade instead of more cash off the car you actually wanted.
Bad Deal #5
What: Subaru Donates $250 To Charity For You
Where: Subaru Dealers
Regular Price: Regular Price
Black Friday Price: Still The Regular Price On Many Models
Why It's A Bad Deal: We think Subaru's "Share The Love " event is great for the five charities that get $250 when you buy their car, but it's not a great deal for consumers. Blame it on Subaru building cars people want.