While manufacturers are generally less generous with their discounts than they were a year ago, incentives are around for the Memorial Day sales push.
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Nevertheless, consumers should expect overall higher prices on new cars. At the same time, however, consumers have shifted their preference to pricier SUVs and pickup trucks and away from lower-cost sedans and smaller cars. Improved technology and safety features add to the price, as well.
And, consumers are stretching out the length of auto loans to afford new-car purchases: As of April, the average loan length was closing in on 70 months — two months shy of six years — up from about If you do end up looking at a car that comes with a manufacturer's incentive, remember that negotiations with a dealership should be based on the reduced price, said Kelsey Mays, senior editor of Cars. The price gap between new and 3-year-old used vehicles has been growing.
Best Lease Deals of October
Regardless of whether you're looking at a new or used car, here are some tips to help the buying process go smoothly. It's worthwhile to do some research online before buying. If you have any flexibility, you might discover a great deal on a car similar to the one you were thinking about. You also might find a difference in price among local dealerships on the same car.
Toyota Deals, Incentives & Special Offers
Or, you might find a dealership that has a special deal going — say, picking up the sales tax on your purchase — that could reduce your overall cost. Unless paying with cash, you should get preapproved for a loan from a bank or credit union. While there's no obligation to use the preapproval, you'll at least be armed with a comparison when the dealership offers its loan terms.
That's 32 cents per mile, until October The Toyota Tacoma's great advantage has always been its reputation for quality. But how much does that matter on a lease that only lasts three years and a mere 30, miles?
That's 37 cents per mile. The SR isn't a plush trim, but you can be confident the thing will feel as solid when you turn it in as it did when you picked it up. But Honda doesn't play the lease game with the Ridgeline. So, how about the Chevrolet Colorado? That's only 40 cents per mile. It only includes 30, miles, with extras running 25 cents each.
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It only takes a few minutes to apply for a car loan on sites such as LendingTree. News website where you can do it too. You can also go to your own bank or credit union.
What Can I Save the Most On?
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