The Best Summer Clearance Deals on New Cars

Why Summer is the Best Time to Buy a New Car

The end of summer is a strategic time for car buyers. Dealerships are eager to clear out their inventory to make room for next year's models. This urgency translates into substantial savings for consumers. According to Kelley Blue Book, dealerships often offer generous incentives, low financing rates, and attractive lease deals during this period.

Key Reasons to Buy at the End of Summer

1. Model Year Transition: As new models arrive, dealerships need to clear out the previous year's inventory.
2. Incentives and Rebates: Manufacturers and dealerships offer significant discounts and rebates to move older models.
3. Low Financing Rates: To attract buyers, many dealerships provide low or even 0% financing options.

Top Summer Clearance Deals

Hyundai Elantra GLS

• MSRP: $19,650
• Deal: Available for as low as $232 per month with 3.9% financing.
• Source: Hyundai USA

Toyota Camry LE

• MSRP: $24,970
• Deal: $334 per month for 5 years with 0% financing and $1,500 cash rebate.
• Source: Toyota USA

Fiat 500

• MSRP: $16,495
• Deal: 0% financing and a $500 rebate, making it approximately $248 per month.
• Source: Fiat USA

Mazda3

• MSRP: $21,500
• Deal: 0% financing, available for $269 per month.
• Source: Mazda USA

Attractive Lease Offers

Leasing can be a cost-effective way to drive a new car without the long-term commitment of buying. Here are some of the best lease deals available at the end of the summer.

Chevrolet Malibu LS

• Lease: $179 per month for 24 months with $1,939 down.
• Source: Chevrolet USA

Subaru Impreza

• Lease: $169 per month for 45 months with $1,969 down.
• Source: Subaru USA

Ford Focus

• Lease: $159 per month for 24 months with $2,378 down.
• Source: Ford USA

Kia Forte LX

• Lease: $159 per month for 36 months with $1,999 down.
• Source: Kia USA

Toyota Fusion

• Lease: $159 per month for 24 months with $2,778 down.
• Source: Toyota USA

Expert Tips for Getting the Best Deal

Alec Gutierrez, a senior market analyst at Kelley Blue Book, advises consumers to do thorough research online and then contact local dealerships to negotiate the best price. By getting multiple dealerships to compete for your business, you can secure a better deal.

Steps to Secure the Best Deal

1. Research Online: Use reputable sources like Kelley Blue Book and Edmunds to understand the market value.
2. Contact Multiple Dealerships: Email or call local dealerships to get quotes.
3. Negotiate: Use the quotes to negotiate the best possible deal.

Conclusion

The end of summer offers a golden opportunity for car buyers. With dealerships eager to clear out their inventory, consumers can take advantage of significant discounts, low financing rates, and attractive lease deals. By doing your homework and negotiating effectively, you can drive away with a great deal on a new car.

Interesting Stats

• Average Savings: Consumers can save up to 10-15% on the MSRP during end-of-summer clearance sales. (Source)
• Financing Rates: Many dealerships offer 0% financing on select models, which can save buyers thousands of dollars over the life of the loan. (Source)
• Lease Popularity: Leasing accounted for 31% of all new car transactions in 2022, up from 28% in 2019. (Source)

By leveraging these insights and taking advantage of the end-of-summer deals, you can make a smart and financially sound decision on your next car purchase.