As always, automakers plan to benefit from the added shopping time consumers have over the Labor Day weekend by offering some of the better deals of the Summer. Financially qualified shoppers may find summer’s last weekend – 3-5 September – the best time to get great financing and lease rates. Buyer beware, though, many of the deals are on vehicles scheduled for updates in the near future.
“We’re seeing several deals in almost all segments,” said Jonathan Banks, executive analyst at NADA Used Car Guide. “Everything from zero-percent financing to six-year financing terms with cash back are on the table.”
Brand-conscious shoppers who want to drive the latest in luxury will find significant deals from Lexus, Lincoln, BMW and Infiniti. Mainstream shoppers who need a new family-oriented vehicle may encounter advantageous offers from Toyota, Hyundai, Volkswagen and Mazda.
Here are latest Labor Day weekend deals analysts at NADA Used Car Guide researched from automotive manufacturers:
Financing with Cash Deals
- 2016 Volkswagen Jetta – 0% financing for 60 months, plus $1,500 cash back
- 2016 Volkswagen Passat – 0% financing for 60 months, plus $1,500 cash back
- 2016 Ford Focus – 0% financing for 72 months, plus $2,000 cash back
- 2016 Ford Fiesta – 0% financing for 72 months, plus $2,000 cash back
- 2016 Kia Optima – 0% financing for 66 months, plus $1000 bonus cash or $2,000 cash back
- 2016 Hyundai Santa Fe – 0.9% financing for 60 months, plus $1,750 cash back
- 2016 Lexus CT Hybrid – $3,500 cash back
- 2016 Lexus ES – $3,500 cash back
- 2016 Lexus GS Turbo – $5,000 cash back
- 2016 Toyota Sienna – 0% financing for 60 months or $1,000 cash back
- 2016 Lincoln MKX – 0% for 60 months, plus $1,000 cash back
Finance Only Deals
- 2016 Infiniti Q50 – 0% financing for 36 months
- 2016 BMW 5-Series Sedan – 0.9% financing for 72 months
Zero-Down Lease Deals
- 2016 Mazda CX-5 – Lease $269 per month for 36 months with zero due at signing and zero first month’s payment
If the cost of buying a vehicle isn’t in the household budget, and leasing doesn’t fit, shoppers might consider purchasing something in the pre-owned market. NADA Used Car Guide’s August Perspective report provides information on Certified Pre-Owned (CPO) vehicle programs, which offer significant savings when compared to new models.
