July 4th car deals could be harder to find this weekend

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Photo (c) Maskot – Getty Images

The Independence Day holiday weekend is normally a busy time at auto dealerships, with promotions and discounts widespread to attract customers.

This year is a little different as dealerships face a shortage of cars and attractive deals are much harder to find. But that doesn’t mean they don’t exist.

“As the pandemic threat abates, we are seeing some interesting ripple effects,” said Kelsey Mays, Cars.com Consumer News Editor. “There is a shortage of inventory that drives people over long distances to find the vehicle of their choice; a resurgence of vacations with more domestic car travel; and the standardization of face-to-face shopping with a continued focus on “buying local” to support the US economy. “

And while many dealerships charge more than the sticker price for a new car, researchers at Cars.com have found some attractive July 4 offers on cars built in the United States. Honda Passport, an Alabama-built SUV, comes with a $ 1,250 down payment or rental aid.

Or, creditworthy customers can obtain 0% financing for 36 months from Honda’s finance arm. Just be prepared to pay the sticker price between $ 32,500 and $ 48,500. Offer ends July 6.

Up to $ 2,000 in cash rebates

Car buyers can also find relatively attractive conditions on Hyundai Sonata, also built in Alabama. Participating dealers offer $ 1,500 to $ 2,000 in most markets, depending on trim level.

Buyers who finance at standard rates through Hyundai can get an additional $ 500 in most areas. Again, creditworthy customers can get 0% financing for 60 months plus $ 1,000 bonus in cash and in certain areas of the country.

Better yet, buyers may find a better selection of Sonatas than some other models. Cars.com reports that the Sonata spends an average of 95 days on dealer lots.

the Toyota Avalon, assembled in Georgetown, Ky., May also provide a shopping opportunity over the holiday weekend. Participating dealers are getting $ 1,500 to $ 2,000 on Toyota’s full-size sedan. However, some offers may require buyers to finance through Toyota at standard rates.

In most parts of the country, buyers who finance or lease their Avalon can also get an additional $ 1,000, although some regions limit the bonus to certain versions. Alternatively, creditworthy buyers can get 0.9% financing for 60 months in most areas, although a few areas have higher rates or no offers at all, so it pays to shop around.

Used car bargains are rare

Finding a good deal on a used car or truck could be even more difficult this holiday weekend. In some cases, a used vehicle can cost almost as much as a new one.

“Finding the right used car can be difficult – not only are some models rare, but the average age of a used car on the road today is around 12 years,” said Brian Moody, editor-in-chief of Autotrader. “A lot has changed in terms of performance, technology and safety over the past 12 years.”

Moody says that is why used car buyers need to make sure that the used vehicle they are buying at a premium price is reliable. Autotrader’s short list of good used vehicles include:

Keep in mind that these models can be rare, so comparing prices at multiple dealerships can help you find a better deal. Click the links above to read thousands of verified reviews on ConsumerAffairs.


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