Corona premium: Federal government and car manufacturers create incentives to buy

D.he lock-down measures imposed by the corona pandemic hit car dealers and manufacturers painfully. New vehicle sales have recently fallen sharply, which is clearly demonstrated by the number of new registrations in April. According to the Federal Motor Vehicle Office, only 120,840 new cars were registered in April 2020, a decrease of 61 percent compared to the previous year. No wonder, then, that speculation about a new scrapping premium has sprung up. But the stimulus package decided on June 3, 2020 let the industry, especially the big three VW, Mercedes and BMW, take a peek. In addition to the temporary reduction in VAT from 19 to 16 percent, there was nothing for vehicles with combustion engines. Environmentally conscious customers who are interested in a vehicle with an electric drive fare better; the federal government doubled the environmental bonus for e-cars from 3,000 to 6,000 euros.

Federal car subsidy only for e-cars

With the environmental bonus, the federal government is already promoting the switch to more climate-friendly and environmentally friendly electric vehicles. In the stimulus package that has now been adopted for 2020/2021, the federal government’s share will be doubled as part of an innovation bonus. The premium share of the manufacturer remains unaffected. In the example: up to a net list price of the e-vehicle of up to 40,000 euros, federal funding increases from 3,000 to 6,000 euros. This measure is limited until December 31, 2021. At a slightly lower level, plug-in hybrids also benefit from the new bonuses.

The reduction in VAT by the end of 2020 may make the purchase even cheaper. It was also decided to invest 2.5 billion euros in the expansion of modern and safe charging column infrastructure, the promotion of research and development in the field of electromobility and battery cell production.

Innovation bonus for e-cars in a sample calculation

The new car comparison platform Carwow has created a sample invoice for the possible savings. On the basis of the cheapest offer per model (as of August 3, 2020), the state electric bonus was doubled as a calculation example, i.e. from 3,000 to 6,000 euros to 40,000 euros and from 2,500 to 5,000 euros for electric cars up to a list price of 65,000 euros. A VAT reduction is initially not taken into account in this invoice. Then the following sample offers result:

  • Renault Zoe Offer from 10,273 euros, 56 percent savings
  • VW e-up! Offer from 11,231 euros, 51 percent savings
  • BMW i3 Offer from EUR 23,804, saving 39 percent
  • Opel Corsa-e Offer from 16,881 euros, saving 45 percent
  • Kia e-Niro Offer from 22,102 euros, saving 39 percent
  • Smart Fortwo EQ Offer from 10,109 euros, 54 percent savings
  • Hyundai Kona Electric Offer from 22,453 euros, savings 36 percent
  • Audi e-tron Offer from 50,867 euros, saving 26 percent
  • VW ID.3 Offer from 26,344 euros, saving 28 percent

So also fr Burners If something goes down, many automotive companies have decided on corona premiums themselves. Various car manufacturers have been going on the offensive for weeks. Various measures are intended to make the decision for a new car more attractive to customers. Here is an overview of the current ones Bonuses and discounts!

Tesla is cutting prices

Corona does not stop at the e-mobility primus Tesla. After prices plummeted in the US, the company’s electric cars have now become cheaper in Germany as well. The expensive premium electric cars Model S and Model X currently cost a few thousand euros less. The Model S with maximum range now costs 82,990 euros instead of 86,800 euros, a saving of 3,810 euros. With the Model X electric SUV, customers now pay 88,990 euros for the model with maximum range, instead of the previous 91,700 euros a whopping 2,710 euros more. The cheaper Model 3 is unfortunately only 400 euros cheaper. The standard range plus now changes hands for around 44,000 euros. However, the state share for the environmental bonus is also deducted from this.

VW is giving away VAT

Vehicles with internal combustion engines went away empty-handed in the federal government’s economic stimulus package on the occasion of the corona crisis. Only the reduction in VAT from 19 to 16 percent by the end of the year makes petrol and diesel vehicles slightly cheaper. Not enough, thinks the Volkswagen Group. That is why VW gives its customers the full value added tax rate for free when they buy or lease a new or stock vehicle when they are registered for the first time. The campaign runs until September 30, 2020.

Kia with economic bonus

Since cars with internal combustion engines benefit only marginally from the federal government’s stimulus package, Kia Motors has launched a special economic incentive bonus for its non-electric fleet. “Until September 30, 2020, customers will not pay any VAT when purchasing a Kia model with internal combustion engine Kia Stinger, the new Sorento, which will only be introduced in the second half of the year, as well as the Attract entry-level versions of some models.As usual with Kia, the 7-year manufacturer’s guarantee is included in the purchase price.

Volvo’s Corona discounts

With Volvo Safe Leasing, Volvo pays the first three leasing installments for you if you sign a one-kilometer leasing contract with a 36-month term and a limit of 10,000 kilometers per year. The offer is valid until August 31, 2020 with registration of the vehicle by February 28, 2021. The models XC40 Momentum Pro T2, XC60 Momentum Pro B4 and V60 Momentum Pro B3 benefit from the offer. The offer cannot be combined with other promotions.

Ford’s corona discounts

Ford lures with an alternative financing model “Buy now, pay later. As a private or commercial customer, Ford gives you the first three monthly installments when you finance a Ford warehouse vehicle. Payment of installments four to six can be postponed to a freely selectable time within the term The offer is valid until June 30, 2020 if you take out a Ford selection financing or a Ford flat rate. The offer includes all car and commercial vehicle models in stock and newly ordered Kuga plug-in hybrids. Receive when ordering a Kuga plug-in hybrid You also get a service voucher of EUR 250. The Ford Mustang sports coup is excluded from the promotion.

Hyundai: Corona sales bonus

Be happy. Be Hyundai is the name of the South Korean automobile manufacturer. The associated sales promotion applies to all models with normal combustion and hybrid engines and will run until the end of September 2020. All new Hyundai vehicles that are immediately available can save up to 10,000 euros. The premium is staggered according to model:
  • Kona: up to 3,500 euros
  • i20: up to 4,000 euros
  • Ioniq Hybrid: up to 4,000 euros
  • i30, i30 Fastback, i30 Fastback N, i30 Kombi, i30 N: up to 5,000 euros
  • Kona Hybrid: up to 5,000 euros
  • Tucson: up to 6,500 euros
  • Santa Fe: up to 10,000 euros
Hyundai’s electric vehicles Ioniq Elektro and Kona Elektro have been benefiting from an increased e-car premium of 8,000 euros each since January.

Skoda models with Corona campaign

New discounts will apply to some Skoda models until the end of July 2020. With the Kamiq, Karoq and Kodiaq models, the conquest or trade-in bonuses increase by 3 percent each for private and commercial customers. In addition, the leasing rate is reduced to 1.99 percent, which significantly reduces the rates. In the case of installment payments, private customers also receive free default protection.

For the three SUVs Kamiq, Karoq and Kodiaq, the trade-in premium (trade-in of a Skoda model) and conquest premium (trade-in of a third-party make that does not come from the VW Group) double from 3 percent to 6 percent for private customers. This results in interesting prices. Browse the new car comparison portal Carwow for attractive offers.
Skoda Kamiq from 23,500 euros

The modern city SUV Kamiq is compact and offers what the large SUVs also offer: easy entry and exit, a good overview and plenty of space.

  • Engine: 1.0 liter gasoline engine with 115 hp
  • fuel: Gas
  • Equipment line: Drive 125
  • Transmission: 7-speed dual clutch transmission
  • Tren: 5
  • Color: Black Magic pearl effect
  • Optional extras: Drive 125 fabric, black / gray, heated multifunctional leather steering wheel, 2x USB-C ports, swiveling hitch, front parking sensors, level loading floor in the trunk, etc.

Skoda Karoq from 28,280 euros

The Skoda karoq is a compact SUV with modern technology. In addition to the large amount of space, the vehicle has all the important assistance systems with which you are safe on the road.

  • Engine: 1.5-liter gasoline engine with 150 hp
  • fuel: Gas
  • Equipment line: Style
  • Transmission: 6-speed manual transmission
  • Tren: 5
  • Color: Energy blue uni
  • Optional equipment: Lane keeping and lane change assistant, parking and distance assistant, reversing camera, heated steering wheel, Amundsen infotainment system, high beam assistant, fatigue detection, etc.

Optionally equipped with seven seats, the Kodiaq from Skoda has ample space. Despite the high weight, the driving comfort does not suffer. The Kodiaq, with sufficient motorization, is extremely agile.

Toyota’s Corona discounts

With the Toyota Fairpay leasing campaign, you as the car buyer only pay the first leasing installment in the fourth month. This means that you are already sitting in your new Toyota three months before you have paid an installment. Further framework conditions of the Toyota Fairpay leasing campaign are: The offer will be available from mid-May and is aimed at private and commercial customers. The entire Toyota product range of cars and commercial vehicles benefits from the bonus. In addition, Toyota offers an optional unemployment insurance and an optional service package that covers any maintenance and inspection costs to minimize risk.

Mitsubishi’s corona premium

The Japanese automobile manufacturer Mitsubishi is offering a promotional discount of 3,000 euros on the Space Star. The entry-level price of the small car has dropped from 10,490 euros to 7,490 euros. The offer applies to the Space Star BASIS 1.0 petrol engine with 52 kW (71 PS) and 5-speed manual transmission, is valid until July 31, 2020 and includes a 5-year manufacturer’s guarantee up to 100,000 kilometers.

Fiat Corona premium

The Italian car maker Fiat is also providing additional purchase incentives. The new Much-More offers include 0% financing without a down payment, with the first installment not due until January 2021. Unemployment insurance is optional. All existing vehicles of the models FIAT 500, Panda, 500X and Tipo are eligible. The offer is initially by May 31, 2020.

Mazda Corona discounts

Mazda is offering the red sale until further notice. You will receive a special offer from participating dealers: when you finance an immediately available Mazda car, you do not pay any interest, you do not have to make a deposit and the first installment is only due three months after the purchase contract has been signed. Optionally, you can take out installment protection insurance including unemployment protection and thus protect yourself even better.

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