Consumers still have time to snag some of the best year-end car deals and incentives on some brand-new wheels. Automakers report that sales are up, yet there’s good news for consumers in that prices seem to be dropping.
Small car sales are up, as are those for luxury vehicles, SUVs and trucks. Consumers, say auto industry analysts, are coming back into the market, feeling that the economy is beginning to come out of the tank and gasoline prices are stabilizing.
Since all the car companies want to close out the year with as many sales as possible, they’re rolling out the best year-end car deals and incentives they can to secure those sales numbers. Dealers also need to clear their lots of 2010 models to make room for the 2011s, so they’re more likely to be willing to make a deal.
According to U.S. News & World Report Auto Rankings, some of the best car deals for December 2010 are those from the domestic automakers. Chevrolet is offering up to $3,500 cash back or zero-percent financing for up to six years on some models. That can save consumers thousands of dollars and is a very sweet deal. Ford offers zero percent financing plus $1,500 toward the first three payments on 2011 (not Hybrid), Taurus, Escape (not Hybrid), Flex, Ranger, and 2010 Explorer, Sport Trac and F-150 (excluding Raptor).
There’s also interest-free financing available from Nissan and Toyota, although the terms aren’t as lengthy as those offered by Ford and Chevrolet.
Luxury carmaker Infiniti has financing rates as low as 0.9 percent APR, while BMW is offering 0.9 percent APR financing and $1,500 Holiday Credit.
Don’t miss out on some of the best year-end car deals and incentives in quite a while. But time runs out on them as of January 3, 2011.
See all new year-end car deals. Be sure to also see if the vehicles you’re considering, especially if it’s a hybrid, electric, or alternative fuel-powered, can qualify for a federal or state tax credit, deduction, or rebate. Here’s more info on new car tax credit, hybrid car tax credit, and electric car tax credit.