The Most Beneficial Summertime Clearance Bargains on New Cars

May 30
16:11

2024

adawong1

adawong1

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As summer winds down, savvy car buyers can find some of the best deals of the year. This period marks the end of a model year and the introduction of the next, prompting dealers to clear out their inventory to make room for new models. This article delves into the most advantageous summertime clearance deals on new cars, providing detailed insights and statistics to help you make an informed decision.

Why Late Summer is the Best Time to Buy a Car

Late summer is a prime time for car shopping because dealers are eager to move out the current year's models to make space for the upcoming ones. According to Kelley Blue Book,The Most Beneficial Summertime Clearance Bargains on New Cars Articles this period often features significant rebates, financing deals, and lease specials on some of the most popular and recently updated models.

Key Reasons to Buy in Late Summer:

  • End of Model Year: Dealers need to clear out old inventory.
  • New Models Arriving: New models are coming in, pushing prices down on current models.
  • Attractive Financing and Lease Deals: Many manufacturers offer special deals to boost sales.

Top Summertime Clearance Deals

Compact Cars

Ford Focus

  • MSRP: $17,640
  • Deal: Available for as low as $232 per month with 3.9% financing.

Hyundai Accent GLS

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

Mid-Sized Cars

Toyota Camry LE

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

Mazda3

  • MSRP: $20,500 (approx.)
  • Deal: 0% financing, available for $269 per month.

Subcompact Cars

Fiat 500

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

Attractive Lease Deals

Chevrolet Malibu

  • 2012 Model: Lease for $179 per month for 2 years with $1,939 down.

Subaru Impreza

  • 2012 Model: Lease for $169 per month for 38 months with $1,969 down.

Ford Focus

  • 2012 Model: Lease for $159 per month for 2 years with $2,378 down.

Honda Civic LX

  • 2012 Model: Lease for $159 per month for 3 years with $1,999 down.

Ford Fusion

  • 2012 Model: Lease for $159 per month for 2 years with $2,778 down.

Expert Tips for Getting the Best Deal

Alec Gutierrez, a senior market analyst at Kelley Blue Book, advises doing thorough online research and then emailing local dealers with your budget. "Try to get the dealers to bid for your business," he suggests. This strategy can often result in a better deal.

Steps to Secure the Best Deal:

  1. Research Online: Use resources like Kelley Blue Book to understand market prices.
  2. Email Dealers: Contact multiple dealers with your budget and requirements.
  3. Negotiate: Let dealers compete for your business to get the best offer.

Interesting Stats

  • Average Car Price: As of 2023, the average price of a new car in the U.S. is around $48,000 (source).
  • Depreciation: New cars can lose up to 20% of their value within the first year (source).
  • Financing Trends: 0% financing deals are becoming rarer, making late summer deals even more valuable (source).

Conclusion

Late summer offers a golden opportunity for car buyers to snag excellent deals on new vehicles. With significant rebates, attractive financing options, and competitive lease deals, this period is ideal for those looking to make a smart purchase. By doing your research and negotiating effectively, you can drive away with a great deal on a new car.

This article provides a comprehensive guide to the best summertime clearance deals on new cars, backed by expert advice and interesting statistics. Whether you're looking to buy or lease, now is the time to act.

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