Car Loan News / New Car for the Summer? Discounts and Financing Deals
If you are contemplating a new car purchase this season, you may want to look at some of the recent offers compiled by TrueCar, a frequently cited auto market analyst firm: some of these pricing and financing opportunities could fit your needs for getting more car for less and keeping your auto loan debt low. TrueCar has put together a series of five “discount” deals, tallying up what customers actually pay on the lot and comparing it to MSRP. Two of these are for work trucks: TrueCar suggests the average customer can get a 2011 Chevrolet Silverado for just $17,391, down almost 22% from the MSRP of $22,230. Likewise, while the 2011 Dodge Ram 1500 MSRP is marked at $30,560, TrueCar suggests the average transactional price is around $26,000.
Another possible deal brings up some issues that have been floating around pre-owned lots for awhile: the 2011 Chevrolet Malibu, with a price tag of $23,735, sells for an average of $19,997 according to TrueCar. Whether or not this has any connection to previous pre-owned discounts on Malibu models related to customer concerns, if you are into the design of this car, you can truly get it cheaper than some of its competition in the segment.
The 2011 Nissan Altima Hybrid car is also on the list, and while most new car buyers don’t think of a hybrid as a low-cost car, TrueCar shows an average transaction price of $21,992, down from $27,560, and when you add that to the savings you can get at the pump, the Altima, which has classic appeal to buyers, seems like a good green car to own.
Other pricing discount deals include the 2011 Kia Sedona. TrueCar is also showing some factory direct financing offers that may interest this summer’s shoppers. Apparently, Toyota is offering buyers the 2011 Camry at 0% for 60 months and adding $500 cash back to sweeten the pot even further. Customers can get the same long term loan with 0%, minus the cash, for the 2011 Buick Regal, the 2011 Mazda2, and the 2011 Chevrolet Traverse. Not to be outdone, Chrysler offers a 2011 Jeep Liberty on the same terms with a $1000 rebate check. All of these are worth looking at for auto loans that will let you pay over five years with the lowest interest rate humanly possible. Keep these deals du jour in mind when you’re at the lot.
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