The Most Beneficial Summer Months Approval Discounts in New Cars and Trucks

Why Late Summer is the Best Time to Buy

The end of summer marks the transition between model years for car manufacturers. Dealers are motivated to sell off the current year's models to make space for the incoming ones. This urgency translates into substantial discounts and incentives for buyers. According to Edmunds, the average discount on a new car in August is around 6.4%, compared to 5.5% in other months (Edmunds, 2022).

Top Deals on New Cars

Hyundai Accent

• Model: Hyundai Accent GLS
• MSRP: $13,330
• Deal: $232 per month with 3.9% financing

Toyota Camry

• Model: Toyota Camry LE
• MSRP: $23,360
• Deal: $334 per month for 5 years with 0% financing and $1,500 cashback

Fiat 500

• Model: Fiat 500
• MSRP: $16,190
• Deal: 0% financing and a $500 discount, making it approximately $248 per month

Mazda3

• Model: Mazda3
• MSRP: $17,640
• Deal: 0% financing, resulting in $269 per month

Attractive Lease Offers

Chevrolet Malibu

• Model: Chevrolet Malibu LS
• Deal: $179 per month for 2 years with $1,939 down

Subaru Impreza

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

Ford Focus

• Model: Ford Focus
• Deal: $159 per month for 3 years with $2,378 down

Kia Forte

• Model: Kia Forte LX
• Deal: $159 per month for 3 years with $1,999 down

Honda Accord

• Model: Honda Accord
• Deal: $159 per month for 2 years with $2,778 down

Tips for Getting the Best Deal

Research Online

Before heading to the dealership, do your homework online. Websites like Kelley Blue Book and Edmunds offer valuable insights into current market trends and pricing.

Contact Multiple Dealerships

Email local dealerships to get quotes and let them know what you're willing to pay. This strategy can often result in better offers as dealers compete for your business.

Negotiate Financing

Don't just focus on the sticker price. Negotiate the financing terms as well. A lower interest rate can save you thousands over the life of the loan.

Hidden Gems: Lesser-Known Stats

• Depreciation: New cars lose about 20% of their value within the first year (Carfax, 2022).
• Average Loan Term: The average loan term for a new car is now 69.7 months (Experian, 2022).
• Electric Vehicles: Sales of electric vehicles increased by 81% in 2021, making them a growing segment to watch (IEA, 2022).

Conclusion

The end of summer is a prime time to purchase a new vehicle, thanks to the numerous discounts and incentives available. By doing thorough research and negotiating effectively, you can drive away with a fantastic deal. Whether you're looking to buy or lease, the opportunities are plentiful.

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

Sources:

• Edmunds. (2022). "Best Time to Buy a Car."
• Carfax. (2022). "How Much Do Cars Depreciate?"
• Experian. (2022). "State of the Automotive Finance Market."
• IEA. (2022). "Global EV Outlook 2022.