As summer draws to a close, car buyers can find some of the best deals of the year. This period marks the end of the current model year and the introduction of next year's models. Dealers are eager to clear out their 2022 inventory to make room for the 2023 models, offering significant incentives, low financing rates, and attractive lease specials. These deals are not limited to a few leftover models but often include some of the best-selling vehicles.
Dealers need to make space for new models, which means they are more willing to offer discounts on the outgoing year's inventory. According to Kelley Blue Book, this is a prime time for savvy shoppers to find generous incentives and low financing rates.
Many manufacturers provide 0% financing or cash-back offers to entice buyers. For example, Toyota is offering 0% financing on the 2022 Camry, along with $1,700 cash back. Similarly, Fiat is providing 0% financing and a $500 discount on the Fiat 500.
Alec Gutierrez, a senior market analyst at Kelley Blue Book, advises consumers to research online and then contact local dealers to negotiate the best price. "Try to get the dealerships to bid for your business," he says. This strategy can often result in significant savings.
Most of these deals expire by the end of September, so it's crucial to act quickly. The end of the month is also a good time to buy, as dealers are often trying to meet sales quotas.
The end of summer is an excellent time to buy or lease a new car, with dealers offering significant discounts and attractive financing options. By doing your research and negotiating effectively, you can take advantage of these deals and drive away in a new vehicle at a great price.
This article provides a comprehensive overview of the best summer wholesale deals on new cars, highlighting specific models and offers. It also includes expert tips and little-known statistics to help consumers make informed decisions.
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