Customers considering buying or renting a car can take advantage of the latest promotions and offers that help in purchasing a new car more affordable than ever. With choices like cash-back deals, low-interest financing, and lease terms, there are multiple ways to save on a new car.
One of the most popular promotions is the cash-back offer, where customers get a specified amount off the vehicle's price. Additional cash offers are often available on specific models, with rebates varying from a couple hundred to thousands of dollars. These incentives can be used to reduce the cost, reducing the amount financed or even used towards the initial payment. Cash rebates are typically offered for a short duration, so buyers should act quickly to capitalize on the savings.
Low APR and 0% Financing
Getting a loan for a new vehicle with a reduced APR or even 0% interest is another common promotion. Many manufacturers provide these incentives to eligible buyers, allowing them to spread out payments over time without incurring significant interest. With plans often available from 24 to 60 months, buyers can select financing terms that suits their budget while enjoying the benefits of low-interest financing. This promotion is especially appealing for those who want to buy a more high-end vehicle, as it can reduce the total cost paid over time.
Lease Deals and Low Monthly Payments
For customers who prefer leasing, the current lease deals make it possible to own a new car with more affordable monthly payments. Current lease promotions often offer a low down payment, promotional rates, and adjustable lease terms. Some brands provide incentives such as the first few months' payments waived or bonus cash towards early payments. This makes leasing an ideal option for customers who like to drive a new car every few years or who want to avoid long-term ownership commitments.
Loyalty and Conquest Programs
Loyalty incentives are available to customers who have a vehicle from the same brand and wish to switch to a newer model. Similarly, new customer incentives target customers who own a competitor's car, offering them special promotions to make the change. These programs can include additional cash-back offers or exclusive financing rates, providing extra motivation to stay loyal a brand or try a new one.
Discounts for Specific Groups
Many auto retailers and manufacturers provide special offers for particular groups, including veterans, students, and first responders. These exclusive programs provide qualifying individuals to receive extra savings or preferential rates when buying or financing a vehicle. These discounts may be stackable with other incentives, helping qualifying customers to get the best possible deal.