Best Car Deals & Incentives for May
Incentives have increased in May compard to April each of the last four years. This week, Cars.com and Kelly Blue Book took a look at the current offers and released their list of what they consider the best car deals for May.
KBB looked at deals available on vehicles for the entire month of May (most of these deals should be available through summer as well), while Cars.com looked at the 100 most popular vehicles and calculated which ones have the most inventory available coupled with the largest incentives.
As always, if you're shopping for a new car right now, I recommend you use TrueCar and Edmunds Price Promise to quickly see what kind of deals are being offered in your area.
KBB Best Lease Deals
| Rank | Year | Make | Model | MSRP | Kelley Blue Book® Fair Purchase Price3 | Lease Term (months) | Monthly Payment4 | Amount Due at Signing |
|---|---|---|---|---|---|---|---|---|
| 1 | 2016 | Acura | ILX | $30,840 | $26,892 | 36 months | $219/month | $2,499 down |
| 2 | 2016 | Buick | Enclave | $39,990 | $37,699 | 39 months | $331/month | $1,831 down |
| 3 | 2016 | Ford | Fusion | $24,960 | $22,808 | 36 months | $189/month | $1,999 down |
| 4 | 2016 | Toyota | Corolla | $20,900 | $19,023 | 36 months | $149/month | $1,999 down |
| 5 | 2016 | Lexus | GS 200t | $46,565 | $43,771 | 36 months | $399/month | $2,299 down |
| 6 | 2016 | Chevrolet | Trax | $23,540 | $22,483 | 39 months | $199/month | $1,619 down |
KBB Best Car Deals in May
| Rank | Year | Make | Model | MSRP | Kelley Blue Book® |
|---|---|---|---|---|---|
| 1 | 2015 | Fiat | 500 Abarth | $23,295 | $21,152 |
| 2 | 2015 | Nissan | Versa Note | $16,265 | $14,692 |
| 3 | 2016 | Cadillac | XTS | $46,290 | $43,124 |
| 4 | 2016 | Hyundai | Sonata | $22,585 | $21,178 |
Cars.com Best Car Deals in May
| Vehicle | Incentive | Financing |
|---|---|---|
| Ford Fiesta | $1,000 cash back | 0 - 2.9% |
| Hyundai Sonata | $1,000 - $2,250 cash back | 0 - 2.9% |
| Jeep Cherokee | $500 - $2,500 cash back | |
| Ford Escape | $250 - $2,000 cash back | 0 - 2.9% |
My Recommendation for Car Shoppers
TrueCar and Edmunds are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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