Car buyers are always looking for a good deal. And why not? There is nothing wrong with looking for a way to save money on a major purchase. But as you may have guessed, most savings involve finding the best time to buy a new or used car. And it turns out that one of the best times to buy a car is just around the corner. With Presidents Day approaching, it might be a good time to head to your local dealership and buy that new car you’ve been wanting for a few weeks.
An American flag flies above a car dealership. | Daniel Acker/Bloomberg
President’s Day is one of the best days to buy a new car.
If you want to get the best deal on your next car, you need time to make your purchase. Fortunately, President’s Day is one of the best days to buy a new car. Real Car Tips reports that since President’s Day falls in February, when sales are low and inventory is high, you have a good chance of getting a good deal on the car of your choice.
According to U.S. News & World Report, several automakers are already offering excellent lease and finance discounts on popular premium vehicles. Some of these offers are already available now and will be valid at least until January 1. March. Right now, for example, you can lease a Honda CR-V with $0 and a monthly payment of $330. It’s a great deal.
APPROPRIATE: Take advantage of the offer now: Lots of surplus 2020 new cars at dealers.
Best deals on new cars in 2021President’s Day
The Honda CR-V isn’t the only new car on offer this President’s Day. According to CarFax, several brands are offering new car deals for Presidents Day. General Motors is offering significant discounts on many Buick, Chevrolet and GMC models. Ford also offers cashback on its full product range. And Kia? It offers 0% financing for 60 to 66 months on many new models.
What if you’re not ready to finance a new car yet? Car manufacturers also offer deals for President’s Day. Hyundai currently offers a lease on the Elantra for $139 per month. You can also lease certain Kia models, including the Niro, Seltos, Soul and Sportage, for less than $200 a month with just a $2,500 down payment. Subaru also offers three-year leases on its entire model lineup, with monthly payments ranging from $199 to $309.
APPROPRIATE: The most controversial aspects of leasing
Is President’s Day a good time to buy a used car?
President’s Day isn’t just a good time to buy a new car. This is also a good time to buy a used car. According to iSee Cars, President’s Day offers significant opportunities to save money on a used car. According to iSee Cars, you’ll get 32.5 percent more deals than average if you buy a used car on President’s Day.
Used car offers that can save you money
Several car manufacturers also offer used cars on President’s Day. According to CarFax, Acura is offering 0.99 percent financing for 36 months on select certified pre-owned Acura MDX and TLX models. At the same time, Nissan is offering 1.9% financing for 36 months on all certified pre-owned Nissan Altima, Rogue, Rogue Sport and Sentra models. Subaru also offers limited time 0.99% financing on all certified pre-owned Subaru models.
APPROPRIATE: Get a good deal on a new car this season by choosing the right make and model.
Is it time for you to go to the dealer?
If you’re considering buying a new or used car in the near future, stop by your local dealership. With so many deals on new and used cars on President’s Day, chances are you can get a good deal on the car of your choice.
frequently asked questions
Is President’s Day a good time to buy a car?
President’s Day is one of the best holidays to buy a new car. This happens during the 3. Mondays in February, when sales are slow and stocks should be plentiful. Other good holidays are on the 4th. July, Memorial Day and Thanksgiving weekend.
Are there any offers for cars on President’s Day?
The best car deals for President’s Day The 2020 Civic has never been cheaper to finance on President’s Day. Since last month, Honda has been offering 0% APR for 60 months or 0.9% APR for 72 months in the state of California. … Both offers can be combined with low interest financing, making this the best offer yet.
What is the best month to buy a new car?
October, November and December are the best times of year to buy a car. Car dealers have sales quotas which are usually divided into annual, quarterly and monthly quotas. And these three goals are starting to come together at the end of the year.
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