Toyota and Honda up Incentives to Move 2007 Models

With the market jittery over just about everything these days, it looks like car manufacturers are operating with some urgency as well. Honda and Toyota trying to clear out room on lots for the 2008 model year cars by throwing greater incentives at customers which is good for you.

Toyota has upped incentives about $480, while Honda has increased incentives about $250. This may sound like pocket change when you are considering a new car, but the incentives have rose from $896 to $1,146 for Honda and $1,009 to $1,492 for Toyota since July of last year.

Reports are also saying that the two companies are pushing leasing incentives that are worth even more money. You may not get the newest model, but lately the improvements year-over-year have been minimal. There is a good chance you will save a bunch of money on your car or at least you will have more leverage than normal.

Read the whole report from Forbes.