Getting a great deal on a new car this August will take more work than normal according to US News and World Report. With the continuing chip shortage and coronavirus pandemic leaving dealer inventories sparse, walking into a dealership and expecting to pay under sticker price is more of a dream than reality. That is, unless you take advantage of an automaker’s special car deal.
Auto manufacturers and their dealers offer incentives to boost the sales pace of models that aren’t hitting goals, or to make room on the lots for redesigned cars, trucks, and SUVs. They offer financing deals with rates below what you’ll normally find in the marketplace, as well as cash back incentives that effectively lower the purchase price of the car. In some cases, the deals offer a blend of both.
The best financing deals are 0% offers that eliminate interest charges altogether.
The Best Car Deals in August
This August’s best car deals include financing offers with 0% interest rates and generous amounts of cash back. The list of no-interest car deals includes offers on the 2021 Chevrolet Equinox SUV, 2021 Genesis G90 luxury sedan, 2021 Volkswagen Arteon, and 2021 Subaru Legacy all-wheel-drive sedan.
This month’s cash back deals, which are great for shoppers who plan to pay with cash or have high-value trade-ins, include offers on the 2021 Jeep Renegade, 2021 Buick Enclave, and 2021 GMC Acadia AT4. There aren’t many deals this month on pickups, except for the four-year 0% offer on the 2021 Ram 1500. It includes up to $2,000 in bonus cash in some parts of the country.
The deal on the 2021 Nissan Murano is one of the most generous available this August. It provides 0% financing for five years, plus up to $4,000 in bonus cash.
Best Car Financing Deals:
- 2021 Audi A6: 0.49% financing
- 2021 Chevrolet Equinox: 0% financing
- 2021 Dodge Challenger: 0% financing
- 2021 Genesis G90: 0% financing
- 2021 Hyundai Sonata: 0% financing
- 2021 Jeep Renegade: 0% financing
- 2021 Mazda MX-5 Miata: 0% financing
- 2021 Nissan Murano: 0% financing
- 2021 Ram 1500: 0% financing
- 2021 Volkswagen Arteon: 0% financing
Best Car Cash Back Deals:
- 2021 Buick Enclave: $4,750 cash back
- 2021 Dodge Challenger: $2,000 cash back
- 2021 GMC Acadia: $4,250 cash back
- 2021 Hyundai Sonata: $1,500 cash back
- 2021 Jeep Renegade: $4,750 cash back
- 2021 Toyota Avalon: $2,000 cash back
