The Best Summer Deals on New Cars

Why End-of-Summer is Prime Time for Car Deals

The end of summer marks the transition from one model year to the next. Dealers are motivated to sell off the current year's models to make space for the incoming ones. This urgency translates into attractive offers for consumers. According to Alec Gutierrez, a senior market analyst at Kelley Blue Book, "With a bit of research, you should be able to find substantial discounts on the models you want."

Key Strategies for Finding the Best Deals

1. Do Your Homework Online: Research the models you're interested in and compare prices across different dealerships.
2. Contact Local Dealers: Let them know what you're willing to pay and see if they can match or beat your offer.
3. Negotiate: Don't be afraid to negotiate. Dealers are often willing to lower prices to move inventory.

Top Deals on Popular Models

Hyundai Accent GLS

• MSRP: $13,320
• Deal: Available for as low as $232 per month with 3.9% financing.

Toyota Camry LE

• MSRP: $23,360
• Deal: Lease for $334 per month for three years with 0% financing and $1,700 cashback.

Fiat 500

• MSRP: $16,200
• Deal: 0% financing and a $500 rebate, bringing monthly payments to around $248.

Mazda3

• MSRP: $17,640
• Deal: 0% financing, making it available for $269 per month.

Chevrolet Malibu

• 2013 Model: New model available.
• 2012 Model: Lease for $179 per month for two years with $1,939 down.

Subaru Impreza

• Feature: All-wheel drive.
• Deal: Lease for $169 per month for 45 months with $1,969 down.

Ford Focus

• Deal: Lease for $159 per month for two years with $2,378 down.

Kia Forte LX

• Deal: Three-year lease for $159 per month with $1,999 down.

Honda Civic

• Upcoming Model: New model arriving later this year.
• Current Model: Lease the 2012 model for $159 per month with $2,778 down.

Interesting Stats and Insights

• Average Car Loan Interest Rate: As of 2023, the average interest rate for a new car loan is around 4.21% (Source: Bankrate).
• Depreciation: New cars lose about 20% of their value within the first year (Source: Edmunds).
• Lease vs. Buy: Approximately 30% of new car transactions are leases (Source: Experian).

Conclusion

The end of summer is a golden opportunity for car buyers. With dealerships eager to clear out their 2022 models, consumers can find excellent deals on a variety of popular vehicles. By doing thorough research and negotiating effectively, you can drive away with a great car at a fantastic price.

For more detailed information on current car deals, visit Kelley Blue Book and Edmunds.