Buyers in the hunt for a new car can take advantage of several promotions and offers currently offered by dealerships and automakers. These offers make buying or leasing a new vehicle more affordable, whether through financing deals, leasing promotions, or cash-back offers. The available promotions can greatly lower the total price of purchasing or leasing a vehicle.
One of the common incentives is the cash-back offer. Many automakers are offering cash rebates on certain models, allowing customers to get a specified rebate after the sale. These promotions often vary between a couple hundred to several thousand dollars, based on the vehicle make, model, and current demand. Cash-back deals are especially helpful for reducing the purchase price of a new car and can sometimes be stacked with other offers, such as loan or trade-up rewards, for even more value.
Low APR Financing
Another common promotion is low or 0% APR financing. This promotion allows buyers to get a loan at a lower APR, sometimes as little as 0% for a set period. Low-interest financing keeps monthly payments affordable and can result in substantial cost reductions over the life of the loan. Eligible customers can take advantage of financing options of 36, 48, or even 60 months with little or zero interest, making it a budget-friendly way to pay for a new car without accruing substantial interest costs.
Lease Specials
For customers who like to lease over purchasing, lease specials can offer lower monthly payments and adjustable terms. Current lease incentives often offer minimal upfront costs, discounted payments, and the opportunity to trade in the vehicle for a newer model at the end of the lease term. Lease deals usually focus on certain cars with time-sensitive deals, giving drivers the chance to drive a new vehicle with the newest technology at a fraction of the cost of a buying.
Trade-In Bonuses
Many dealerships provide extra incentives for buyers who trade in their existing vehicles when buying or leasing a new vehicle. These offers can increase the trade-in value of the old vehicle, making it easier to cover a down payment or reduce the overall price of the new vehicle. This option is especially beneficial for buyers looking to upgrade to a newer model without breaking the bank.
Special Programs and Discounts
Some automakers provide extra incentives and promotions for specific groups, such as military personnel, recent graduates, or emergency workers. These targeted programs offer extra savings on top of other incentives, making it more accessible for qualifying customers to purchase or lease a car.