4 new Hankook tires for $216 shipped after rebates
05-13-2012, 04:24 AM
#1
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Join Date: Sep 2003
Location: Abbotsford, BC & Wenatchee WA
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4 new Hankook tires for $216 shipped after rebates
Thought I would share this tire deal,
www.discounttiredirect.com has a great deal on Hankook Ventus V12 Evo K110 tires.
225/50/16 tires are $99 x 4= $396 with free shipping
with $100 Visa card rebate for buying 4 tires (Ends today 5/13)
Hankook $80 Mail-in Rebate (Ends June 30th)
$396-180= $216 shipped
(Also $15.84 cash back if you use Ebates)
17"
225/45/17 x2= $232
255/40/17 x2= $256
Total= $488 shipped or $308 after rebates
Kicker is discounttiredirect does not charge any sales tax (at least in WA state) for online orders.
www.discounttiredirect.com has a great deal on Hankook Ventus V12 Evo K110 tires.
225/50/16 tires are $99 x 4= $396 with free shipping
with $100 Visa card rebate for buying 4 tires (Ends today 5/13)
Hankook $80 Mail-in Rebate (Ends June 30th)
$396-180= $216 shipped
(Also $15.84 cash back if you use Ebates)
17"
225/45/17 x2= $232
255/40/17 x2= $256
Total= $488 shipped or $308 after rebates
Kicker is discounttiredirect does not charge any sales tax (at least in WA state) for online orders.
05-13-2012, 07:48 AM
#2
Nordschleife Master
No doubt good deal! I never understood why dont they just take the rebates and minus it from the total price? Instead you gotta jump through a number of hoops for the rebate and gift card, bummer. errr
05-13-2012, 10:14 AM
#4
Race Car
Rebates typically entice people to buy with the psychology that people feel they are getting a deal. "I saved $100" or "I got it for $299!"
The goal is to get about 70% fulfillment. In other words only 7 in 10 will actually go through the process but sales get a boost and typically help clear a slow-moving product that might be sitting in inventory.
The second part of the goal is to give dealers the full profit margin so they have even more incentive to advertise and sell the rebated product.
The third issue had to do with verification-keeping the dealer honest that they sold the goods since you don't know what a dealers' inventory is. They may claim they sold 10 pieces-and claim 10 rebates and produce paperwork. They only actually had 5 in stock and only sold 3.
The fourth part is time value of money. During a rebate process to end-users I am probably extending Net 30 (30 days) of credit to the dealer. If the dealer sells on day 1, they have their money. The customer fulfills. We cut a check 6-8 weeks or more later. We've held our money gaining interest, or not borrowed at interest, for 45-75 additional days.
Now with more modern point-of-sale and inventory (EDI can help) plus reporting of sales it is easier to do an instant rebate at retail.
Also the retailers complained too as did end-users.
However mail order is a bit more difficult.
My guess is they are looking for 70% fulfillment. Also they are probably moving slow or else they may be blowing them out as they are discontinuing that size-just speculation but a strong possibility.
05-13-2012, 10:22 AM
#5
Nordschleife Master
Dan, I can tell you from years of being involved with rebates...every rebate has a cost of fulfillment, whether you process them in-house or outside the company.
Rebates typically entice people to buy with the psychology that people feel they are getting a deal. "I saved $100" or "I got it for $299!"
The goal is to get about 70% fulfillment. In other words only 7 in 10 will actually go through the process but sales get a boost and typically help clear a slow-moving product that might be sitting in inventory.
The second part of the goal is to give dealers the full profit margin so they have even more incentive to advertise and sell the rebated product.
The third issue had to do with verification-keeping the dealer honest that they sold the goods since you don't know what a dealers' inventory is. They may claim they sold 10 pieces-and claim 10 rebates and produce paperwork. They only actually had 5 in stock and only sold 3.
The fourth part is time value of money. During a rebate process to end-users I am probably extending Net 30 (30 days) of credit to the dealer. If the dealer sells on day 1, they have their money. The customer fulfills. We cut a check 6-8 weeks or more later. We've held our money gaining interest, or not borrowed at interest, for 45-75 additional days.
Now with more modern point-of-sale and inventory (EDI can help) plus reporting of sales it is easier to do an instant rebate at retail.
Also the retailers complained too as did end-users.
However mail order is a bit more difficult.
My guess is they are looking for 70% fulfillment. Also they are probably moving slow or else they may be blowing them out as they are discontinuing that size-just speculation but a strong possibility.
Rebates typically entice people to buy with the psychology that people feel they are getting a deal. "I saved $100" or "I got it for $299!"
The goal is to get about 70% fulfillment. In other words only 7 in 10 will actually go through the process but sales get a boost and typically help clear a slow-moving product that might be sitting in inventory.
The second part of the goal is to give dealers the full profit margin so they have even more incentive to advertise and sell the rebated product.
The third issue had to do with verification-keeping the dealer honest that they sold the goods since you don't know what a dealers' inventory is. They may claim they sold 10 pieces-and claim 10 rebates and produce paperwork. They only actually had 5 in stock and only sold 3.
The fourth part is time value of money. During a rebate process to end-users I am probably extending Net 30 (30 days) of credit to the dealer. If the dealer sells on day 1, they have their money. The customer fulfills. We cut a check 6-8 weeks or more later. We've held our money gaining interest, or not borrowed at interest, for 45-75 additional days.
Now with more modern point-of-sale and inventory (EDI can help) plus reporting of sales it is easier to do an instant rebate at retail.
Also the retailers complained too as did end-users.
However mail order is a bit more difficult.
My guess is they are looking for 70% fulfillment. Also they are probably moving slow or else they may be blowing them out as they are discontinuing that size-just speculation but a strong possibility.
05-13-2012, 11:55 AM
#6
Rennlist Member
That's a great deal, but 50 aspect is not the right size for 16". You need 45.
Just looking at BFG gforce KDW specs.. 45's are 23.7 overall diameter vs. 50's @ 24.9
Smaller (correct) diameter tires equal better responsiveness.
PS. Just sifting around discount, you can get Falken's summer tires in 225 45 16, for undeer $384 after $100 visa discount.
Just looking at BFG gforce KDW specs.. 45's are 23.7 overall diameter vs. 50's @ 24.9
Smaller (correct) diameter tires equal better responsiveness.
PS. Just sifting around discount, you can get Falken's summer tires in 225 45 16, for undeer $384 after $100 visa discount.
05-13-2012, 12:36 PM
#7
Rennlist Member
I will reedit my post. Thank for keeping me honest.
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05-13-2012, 01:05 PM
#8
Under the Lift
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Oh, I see someone already jumped on this topic with more details. I used to work in computer hardware manufacturing and marketing and we used rebates like this from time to time and I saw how low the redemption rates were.
05-13-2012, 01:05 PM
#9
Rennlist Member
Matter of fact, just went and bought a set. Quite the deal, seems like a no-brainer. Now I just have to follow thru with using the visa card and mailing in the rebate.
Thanks for the lead!
Thanks for the lead!
05-13-2012, 01:11 PM
#10
Been selling Twinkies on Ebay,
have some extra cash right now.
Rennlist Member
have some extra cash right now.
Rennlist Member
I am currently running those tires, and I LOVE them. They are a great balance of performance and longevity. And they are quiet. I have run a lot of tires on the 928, these are one of my fav's.
I bought mine with a discount as well, I may buy another set. They have several track days on them and are worn... looks like my price would be 528.26-180= less than $350 delivered!
There is a thread here about them, see my post #32:
https://rennlist.com/forums/928-foru...-on-track.html
I bought mine with a discount as well, I may buy another set. They have several track days on them and are worn... looks like my price would be 528.26-180= less than $350 delivered!
There is a thread here about them, see my post #32:
https://rennlist.com/forums/928-foru...-on-track.html
Last edited by Erik N; 05-13-2012 at 01:30 PM.
05-13-2012, 02:19 PM
#11
Three Wheelin'
Join Date: Mar 2010
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One other thing on rebates and cash back incentives is that it allows the state, county, city, etc, to collect full sales tax. Not sure if these entities apply some sort of pressure to encourage rebates over discounts, but it wouldn't surprise me.
475hp/460lb.ft
05-13-2012, 04:39 PM
#14
Drifting
They all play games. Tirerack is selling them cheaper but charge you shipping and tax. The total they have is $364 for the 4 17" tires and $46+ shipping + tax. Vs discount tires is $488 - $80 - $100 - $30 Visa cards = $278
05-13-2012, 07:07 PM
#15
Race Car
Do you work in the business? Thanks for the info! I never take advantages of rebates as there to much of a hassle to deal with. I would just rather have them take the money off when I purchase instead of jumping through all those hoops. Plus the last couple of them I did a few years ago I never got the goods I was promised (check and gift card). So I don't deal with them anymore..