Customers considering purchasing or leasing a vehicle can take advantage of the current promotions and incentives that help in purchasing a new car more budget-friendly than ever. With choices like rebates, low-interest financing, and lease terms, there are many options to save on a new car.
One of the most popular promotions is the cash rebate, where buyers receive a direct reduction the vehicle's price. Bonus cash incentives are often available on select vehicles, with rebates ranging from a few hundred to several thousand dollars. These rebates can be used to reduce the purchase price, reducing the amount financed or even put towards the initial payment. Cash rebates are often available for a short duration, so buyers should act quickly to capitalize on the savings.
Low APR and 0% Financing
Financing a new car with a low APR or even 0% interest is another common offer. Many automakers offer these incentives to eligible buyers, allowing them to spread out payments over time without high costs. With terms often available from 24 to 60 months, buyers can choose a payment plan that fits their financial needs while taking advantage of the benefits of low-interest financing. This promotion is especially appealing for those looking to finance a more expensive vehicle, as it can lower overall expenses paid over time.
Lease Deals and Low Monthly Payments
For customers who prefer leasing, the current lease deals make it possible to drive a new car with lower monthly payments. Current lease promotions often include a minimal initial payment, promotional rates, and adjustable lease terms. Some manufacturers provide incentives such as the first few months' payments waived or bonus cash towards initial payments. This makes leasing an attractive option for customers who like to own a new car every few years or who prefer not to have long-term ownership commitments.
Loyalty and Conquest Programs
Returning customer offers are available to buyers who currently own a vehicle from the same manufacturer and wish to upgrade to a newer model. Similarly, conquest programs 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 special loan terms, providing extra motivation to remain with a brand or switch to a new one.
Discounts for Specific Groups
Many auto retailers and manufacturers offer special offers for specific categories, including veterans, college graduates, and first responders. These exclusive programs provide qualifying individuals to receive extra savings or special terms when buying or financing a car. These offers may be combinable with other incentives, helping qualifying customers to get the best possible deal.