Zero percent financing is the first reason to put a new car on your Black Friday shopping list. But there are others, too.
Black Friday car deals probably aren’t what first comes to mind when you are putting your Black Friday shopping list together. However, Black Friday can be a great time to buy a car, and this year, better than most. Not only are there a lot of great deals out there, but the industry is ultra-motivated.
First, car sales have been trending down since hitting an all time high in 2016. While overall sales are down just a few tenths of a percentage point from those sales levels, some brands are way off their 2016 numbers. They are offering sales incentives to reverse the trend.
Then, it’s the end of the month! That always spells great deals on a new car since dealers earn bonuses for cars sold by the end of the month.
Next, there are more cars in the market than ever, and today’s cars offer more for the money than ever. Car brands are competing for your business and willing to drop prices and add incentives to get it.
And, there are a lot of great used cars on the market. That sales high point we hit in 2016? Well, 2015 was nearly as strong, and a lot of those cars have come back on the market as used. These compete for buyers attention and dollars, further adding to the incentives new car dealers are offering.
What Does All This Mean to You?
Beaucoup deals on cars! Mostly on outgoing 2018 models, auto companies are offering zero percent interest loans, even on popular car and truck models. Others are offering both manufacturer and dealer incentives, which can add up to $4,000+ off the price of the car. Here’s a run down of some of the best Black Friday deals; some brands also have regional and dealer group deals that can sweeten the day even more.
Chevrolet Black Friday Car Deals
Chevrolet is offering zero interest on many 2018 models or 90 days before payments begin (time to get through those holiday bills before you start paying for your new car!). Zero interest is available on both 2018 and some 2019 models including the Equinox, Trax and Silverado. All models also offer cash back and discounts from the MSRP, bringing prices down even further.
Nissan Offers Deals on Almost Every Model, Even the Ever Popular Titan
Nissan is among the auto makers offering zero percent financing on sedans and SUVs including the Rogue and Murano, and has discounts and special offers on almost every model. Discounts of $7,000 on the Titan, as well as dealership incentives of $2,000-$3,000 make this truck look even better.
Ford Joins the Zero Percent Interest Club
Buyers can get the Ford Explorer, Edge and Expedition with zero percent interest financing and all have cash back incentives on 2018 models. Ford is offering $4,000 back on the Escape and $1,000 on the Edge and Explorer. F-150 buyers can get a bonus of up to $5,550 back on the popular pickup truck.
Kia’s Deals Include 2019 Models
Buyers can get the 2019 Kia Sorento with $2,000-$3500 cash back plus dealer incentives (depending on the region) or zero percent financing, which is also available on the Niro, Soul and Sportage. There are incentives and special financing on almost every model in the lineup.
Get Your Jeep On This Year
Jeep is among the manufacturers offering zero percent financing. Buyers can get the 2019 Jeep Cherokee with either the special finance rate or cash back of $3,000-$4,000, plus up to $1,000 back for using Chrysler’s financing.
Between zero interest rates and fabulous incentives, this could the best time to go Black Friday car shopping. If I happened to see a new vehicle in my driveway from my husband, I would be absolutely thrilled knowing it was a good deal.