Top Summer Car Deals: Unmissable Offers on New Vehicles

May 30
16:14

2024

jodie mht

jodie mht

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As summer winds down, car dealerships are eager to clear out their current inventory to make room for next year's models. This period is one of the best times to buy a new vehicle, with dealers offering significant discounts, attractive financing rates, and enticing lease deals. If you've been holding off on purchasing a new car, now is the time to act.

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 their current year's models to make space for the incoming ones. This urgency translates into substantial savings for savvy buyers. According to Alec Gutierrez,Top Summer Car Deals: Unmissable Offers on New Vehicles Articles a senior market analyst at Kelley Blue Book, "With some research, you should be able to find the color, trim level, and features you want."

Key Strategies for Getting the Best Deal

  1. Do Your Research Online: Utilize car research websites like Kelley Blue Book and Edmunds to compare prices and features.
  2. Contact Local Dealers: Email local dealerships with your desired specifications and ask them to bid for your business.
  3. Negotiate: Leverage the competition among dealers to get the best possible deal.

Top Purchase and Lease Deals

Purchase Deals

Hyundai Accent GLS

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

Toyota Camry CE

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

Fiat 500

  • MSRP: $16,200
  • Deal: $248 per month with a $500 rebate

Mazda3

  • MSRP: $17,640
  • Deal: $269 per month with 0% financing

Lease Deals

Chevrolet Malibu

  • Deal: $179 per month for 2 years with $1,939 down

Subaru Impreza

  • Deal: $169 per month for 45 months with $1,969 down

Ford Focus

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

Honda Civic LX

  • Deal: $159 per month for 3 years with $1,999 down

Hyundai Fusion

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

Interesting Stats You Might Not Know

  • Average Savings: According to Edmunds, buyers can save an average of $3,000 by purchasing a car at the end of the model year.
  • Financing Rates: The average interest rate for new car loans in the U.S. is around 4.21% as of 2023, but many summer deals offer 0% financing (Source: Bankrate).
  • Lease Popularity: Approximately 30% of new car transactions are leases, a figure that has been steadily increasing over the past decade (Source: Experian).

Conclusion

The end of summer is a golden opportunity for car buyers. With dealerships eager to clear out their current inventory, you can find excellent deals on both purchases and leases. By doing your research and negotiating effectively, you can drive away in a new car at a fraction of the usual cost. Don't miss out on these limited-time offers!

This article is written in Markdown format, making it easy to convert to HTML or other formats. The information provided is based on the latest data and statistics available as of 2023.

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