The Best Summer Clearance Deals on New Cars and Trucks

May 30
16:13

2024

adawong1

adawong1

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Summer is the perfect time to snag a great deal on a new car or truck. As dealerships prepare for the arrival of next year's models, they are eager to clear out their current inventory, offering significant discounts and incentives. This article explores some of the best summer clearance deals available, providing detailed information and statistics to help you make an informed decision.

Why Summer is the Best Time for Car Deals

Summer marks the end of the model year for many car manufacturers. Dealerships need to make room for the new models,The Best Summer Clearance Deals on New Cars and Trucks Articles which means they are more willing to offer generous incentives, financing rates, and lease specials. According to Kelley Blue Book (KBB), this period is one of the best times to buy a new car due to the attractive deals available.

Key Reasons to Buy in Summer:

  • End of Model Year: Dealers need to clear out old inventory.
  • New Models Arriving: Introduction of new models pushes prices down on current ones.
  • Incentives and Discounts: Generous offers to attract buyers.

Top Summer Clearance Deals

Hyundai Accent

  • Model: Hyundai Accent GLS
  • Price: $13,320
  • Deal: $232 per month with 3.9% financing
  • Source: Hyundai Official Site

Toyota Camry

  • Model: Toyota Camry CE
  • MSRP: $23,300
  • Deal: $334 per month for five years with 0% financing and $1,500 cashback
  • Source: Toyota Official Site

Fiat 500

  • Model: Fiat 500
  • MSRP: $16,250
  • Deal: 0% financing and a $500 discount, making it approximately $248 per month
  • Source: Fiat Official Site

Mazda3

Best Lease Deals

Chevrolet Malibu

Subaru Impreza

  • Model: Subaru Impreza
  • Deal: $169 per month for 42 months with $1,969 down
  • Source: Subaru Official Site

Ford Focus

  • Model: Ford Focus
  • Deal: $159 per month for two years with $2,378 down
  • Source: Ford Official Site

Kia Forte

  • Model: Kia Forte LX
  • Deal: $159 per month for three years with $1,999 down
  • Source: Kia Official Site

Ford Fusion

  • Model: Ford Fusion
  • Deal: $159 per month for two years with $2,778 down
  • Source: Ford Official Site

Tips for Getting the Best Deal

Do Your Research

Before heading to the dealership, spend some time researching online. Websites like Kelley Blue Book and Edmunds provide valuable information on car prices, incentives, and reviews.

Contact Multiple Dealerships

Email local dealerships and let them know what you're willing to pay. Encourage them to compete for your business. This strategy can often result in a better deal.

Consider Financing and Leasing Options

Evaluate both financing and leasing options to determine which is more cost-effective for your situation. Leasing can offer lower monthly payments, but financing may be better in the long run if you plan to keep the car.

Interesting Stats

  • Average Car Loan Term: The average car loan term in the U.S. is now 69.7 months (Source: Experian).
  • Leasing Popularity: Approximately 30% of new car transactions are leases (Source: Edmunds).
  • Summer Sales Spike: Car sales typically increase by 10-15% during the summer months (Source: NADA).

Conclusion

Summer is an excellent time to buy or lease a new car, thanks to the end-of-model-year clearance deals. By doing your research and contacting multiple dealerships, you can take advantage of the best offers available. Whether you're looking for a compact car, a mid-sized sedan, or a crossover, there are plenty of great deals to be found.

This article provides a comprehensive guide to the best summer clearance deals on new cars and trucks, offering detailed information and tips to help you make an informed decision.

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