Even though a lot has been said that it is a terrible time to buy a car, our analysis reveals that there are still car manufacturers offering crazy incentives. In some cases, you may be able to make the same deals we saw over a year ago at the start of the pandemic, such as 0% APR for 84 months.
Chrysler is offering 7 years of interest-free financing on the 2021 RAM 1500 Crew Cab in the Northeast and Mid-Atlantic. In a state like Maryland, this could help reduce the monthly payment on a $ 50,000 pickup to just $ 595. In contrast, Ford’s 5.9% 7-year APR on the F-150 is about $ 728 / month.
That said, F-150 buyers may find that a 72-month loan is the âsweet spotâ in terms of value. Although longer loans usually involve cheaper payments, this is not always the case. This is because Ford is offering 0% APR for 72 months. Based on the scenario above, this would result in a payment of around $ 694 / month.
If you thought the big discounts were gone, Audi is offering a $ 10,000 credit on the A8 sedan this month. Better yet, a limited-time Costco promotion promises an additional $ 2,500 for $ 12,500 in savings. Alternatively, Buick offers 0% TAP financing for 72 months across its entire lineup, including every vehicle in the 2022 model year.
Meanwhile, Chevy offers deferred payments for 120 days, while Cadillac offers 0.9% APR for 72 months. Even Honda continues to offer rates as low as 0% on the 2021 Passport and Pilot. With a loyalty discount of $ 1,000, the Passport can now be leased starting at $ 209 / month, one of the best rentals on. an SUV.
If you know where to look, there are clearly some offers to be made. However, we have observed a major disconnect between manufacturer incentives and actual dealer prices. As a result, buyers looking for budget deals could find themselves facing big markups from dealers even as we enter the fall car sales season.
Biggest discounts on cars, SUVs and trucks