The Best Summertime Room Deals in Brand-New Cars

Why Summer is the Best Time to Buy a Car

End of Model Year Clearance

As the summer season winds down, dealerships are keen to clear out their 2022 models to make space for the 2023 arrivals. This urgency translates into substantial discounts and incentives for buyers. According to Kelley Blue Book, the end of the model year is one of the best times to buy a car because dealerships are motivated to sell off their current inventory.

Attractive Financing and Lease Offers

Many manufacturers offer enticing financing and lease deals during this period. For instance, you can find 0% financing rates and low monthly lease payments on popular models. These offers are not limited to a few select vehicles but are available on many best-selling models and newly refurbished cars.

Top Deals on New Cars

Hyundai Accent GLS

• MSRP: $13,330
• Deal: Available for as low as $232 per month with 3.9% financing.

Toyota Camry CE

• MSRP: $23,360
• Deal: $334 per month for five years with 0% financing and $1,600 cash back.

Fiat 500

• MSRP: $16,200
• Deal: 0% financing with a $500 discount, making it around $248 per month.

Mazda3

• Deal: Available with 0% financing, making it $269 per month.

Best Lease Deals

Chevrolet Malibu

• Deal: Lease the 2012 Malibu for $179 per month for two years with $1,939 down.

Subaru Impreza

• Deal: Lease the refurbished 2012 Impreza for $169 per month for 42 months with $1,969 down.

Ford Focus

• Deal: Lease a higher-end Ford Focus for $159 per month for two years with $2,378 down.

Kia Soul LX

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

Ford Fusion

• Deal: Two-year lease on the 2012 model for $159 per month with $2,778 down.

Interesting Stats

• Average Car Loan Interest Rate: As of 2023, the average interest rate for a new car loan is around 4.21% for a 60-month term (source).
• Depreciation: New cars can lose up to 20% of their value within the first year (source).
• Lease vs. Buy: Approximately 30% of new car transactions are leases (source.

Conclusion

If you're in the market for a new car, the end of summer is an excellent time to buy. With dealerships eager to clear out their current inventory, you can find significant savings on a wide range of models. Whether you're looking to buy or lease, there are plenty of attractive deals available. Do your research, compare offers, and take advantage of the end-of-year incentives to get the best deal possible.

This article provides a comprehensive overview of the best summertime deals on new cars, highlighting the benefits of buying at the end of the model year and showcasing some of the top offers available. For more information on car buying tips and trends, visit Kelley Blue Book and Edmunds.