List of car companies offering incentives to Hurricane Sandy victims
Property damage, power outages and subway shutdowns are just some of aftereffects of Hurricane Sandy. The second most expensive storm in U.S. history, Superstorm Sandy has caused approximately $50 billion in damages, according to HIS Global Insight. Specifically, Sandy caused roughly $20 billion in property damages and $10 billion to $30 billion in lost business.
In order to give consumers some relief from Hurricane Sandy’s aftermath, several car companies have begun instituting incentive programs for prospective car buyers. In fact Chrysler Group, Ford, Mazda, Nissan, and Volvo have all launched new pricing programs.
Chrysler Group LLC
Chrysler is offering $500 in bonus cash toward the purchase or lease of model-year 2012 and 2013 Chrysler, Dodge, Fiat, Jeep and Ram vehicles. In order to qualify for the incentive, buyers must reside in either Connecticut, New Jersey of New York. Consumers must also provide evidence of an insurance claim, which indicates damage sustained by Superstorm Sandy. The rebate runs through Jan. 2, 2013.
Ford Motor Co.
Ford Motor Co. is presenting a $500 cash rebate toward the purchase or lease of most model-year 2012 and 2013 Ford or Lincoln models. The promotion does not include the Ford Focus Electric, Ford Edge SW all-wheel drive, Ford Taurus SE, Ford Mustang Shelby GT/GT500, Mustang Boss and F-150 SVT Raptor. Unlike Chrysler’s offer, Ford’s program is not restricted to FEMA-listed disaster areas, but Sandy-related insurance claims are required. The promotion runs through Jan. 2, 2013.
Like Ford and Chrysler before it, Mazda is also offering a $500 rebate on new Mazda vehicles. That said, Mazda is also offering a separate incentive that allows customers to defer their first payment for 90 days. Buyers must provide proof damage or loss. Mazda has not listed an end date to the promotion.
Nissan and Infiniti
Nissan North America is presenting Hurricane Sandy victims with an employee pricing opportunity on new Nissan and Infiniti vehicles. From now until Jan. 2, 2013, buyers will benefit from Nissan’s employee pricing and financing program. Additionally, eligible buyers can choose to defer their first payment for up to 90 days.
The luxury automaker Volvo has announced the largest cash rebate available, offering a $100 cash back rebate on the purchase or lease of new vehicles. Eligible buyers must reside in FEMA-designated disaster areas. The promotion ends Jan. 2, 2013.
Aside from the aforementioned cash back incentives; numerous automakers have donated money directly to victims of Sandy. Last week, Ford donated $50,000 to the Red Cross to help those affected by Sandy. Toyota donated an impressive $1 million to the American Red Cross, while Ferrari donated $1.5 million.
Visit www.FEMA.gov/sandy to learn more about the FEMA-designated disaster areas.