Car dealers love spring because this is the season when consumers look for new cars. Automakers and car dealers offer many good deals when buying a new vehicle such as cash back, zero percent financing schemes, and much more. However, finding a good deal takes some effort. Firstly, you need to know where to find a good offer and then you need to know how to compare them.
Car deals fall mainly into three categories: lease, cashback, and financing. Automaker-subsidized lease deals give customers lower monthly payments, small amounts of due when the contract starts, or both. Cashback offers bring down the price paid for the car. But it does not mean that the dealer will give you a pile of notes when you are driving off with the new car. Instead, he will reduce the price you pay for the car. Lastly, the finance deals mitigate or eliminate the amount of interest you pay on a car loan when buying a new vehicle.
Here are some of the best deals for those buying a new vehicle:
- Cashback incentives
Off late, car dealers are coming up with huge cashback incentives on vehicles. This makes buying a new vehicle more affordable. From cars like the luxurious 2019 Cadillac Escalade to the sport wonder 2018 Mazda3 Hatchback and even the 2019 Buick Encore, all have offers that reduce the MSRP by 21%. This discount lowers the price of the vehicle much like a cashback rebate does.
- Zero percent of finance
Usually, it isn’t easy to find a zero percent finance scheme on Ford cars. But the popular 2019 Ford Expedition gives its customer this luxury while the 2019 Nissan Rogue has both zero percent financing and bonus cash offer. Even the 2019 Jaguar I-Pace and the 2018 Chevrolet Corvette offer customers finance at no interest. The former model has a five-year zero percent financing offer and the latter has a six-year zero percent financing deal. This helps save a lot of money when buying a new vehicle. Of course, you must first check with your bank or credit union about the rate you qualify for before assuming that the car dealership offers the best value.
- SUV offers
Those buying a big new vehicle, such as an SUV, can enjoy some excellent deals too. For instance, the 2019 GMC Acadia, the 2019 Nissan Rogue, and the 2019 Ford Expedition have a zero percent finance offer. This is the first time it is offering such a scheme since its redesign. If you are interested in a minivan, pick the 2019 Chrysler Pacifica and enjoy financing plus bonus cash deal.
It has been observed that the best car deals are offered to customers with excellent credit scores so always check yours before investing in a car. If you have a bad credit score, taking a finance scheme could be risky. Also, new car deals come loaded with restrictions and fine print. Ensure you read them carefully before falling for sale gimmicks.