If you’re looking for a good deal on a new vehicle, then the July 4thholiday may give you multiple reasons to celebrate America’s independence. Automakers are offering a variety of deals hoping to entice buyers to dealership on their way to see fireworks.
This holds true even though Independence Day falls in the middle of the week this year. Most of the deals spill over into the weekends on either side of the holiday, notes U.S. News and World Report, which compiled the list of auto deals.
Many of the deals involve great financing offers, like on the 2019 Honda Pilot where qualified buyers can get 0.9% for 36 months. Other great deals for buying and financing include:
- 2019 Toyota Avalon: $3,000 cash back. In some areas, buyers can get 1.9% financing for 24-60 months
- 2019 Hyundai Elantra: 0% financing for 60 months
- 2019 Hyundai Tucson: $3,000 cash back or 0% financing for 60 months
Lease deals are also on the rise as well. For example, the well-reviewed new Genesis G70 can be had for $299 per month for 36 months with $3,400 due at signing. Other lease deals include:
- 2019 Toyota Avalon: $369 a month for 36 months with a $3,999 down payment
- 2019 Hyundai Elantra: $199 a month for 36 months with $2,699 down payment (Elantra GT)
- 2019 Honda CR-V: $249 a month for 36 months with $2,399 due at signing
- 2019 Hyundai Tucson: $249 per month for 36 months with $2,499 due at signing
- 2020 Toyota Corolla: $219 per month for 36 months with $1,999 due at signing or $199 per month for 36 months with $2,999 due at signing
Since it’s also graduation season, many automakers offer special deals for recent college graduates, and those offers can be combined with other car deals in some cases, the magazine notes. While it may seem like a nice gesture to make toward those getting their feet under them and buying their first new vehicle, the deals are designed to try buy interest and, hopefully, develop a loyal buyer.
Honda, Acura, Ford and Toyotaoffer $500 discounts when you buy a new car and finance through their lending partners. Depending on what vehicle the new grad buys, they can save as much as $1,000 on the price of a new Nissan. When registering with Chevrolet’s college program, the automaker sends a code for a discount on most Chevy models.
Hyundai offers a couple of programs for recent grads. One offers discounts of $400 on most models. The other, called Hyundai Student Assurance, pays off up to $900 of your student debt when you buy a new car. Currently, the student debt repayment program is only available to residents of California and Phoenix, Arizona.
More importantly, there are variations on many deals depending upon the region. Additionally, potential buyers should shop dealerships as some will offer additional deals, such as an additional $500 off or free services like oil changes, that can help offset the long-term costs of a new vehicle.