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Best New Car Incentives, Lease Deals for December 2022

Last Updated: Nov 26, 2022

December 2022 Car DealsThose looking to buy or lease a new car in December are in a frustrating position when it comes to getting a good deal. Normally, end of year is a good time to get deals on cars, especially around Christmas and the last few days of the December - but not so much this year. Supply shortages continue to limit vehicle inventory (particularly GM, Ford, Toyota, Honda, and Volkswagen). When supply is limited, the result is worse deals for car shoppers, reduced incentives, and higher prices for lease deals.

It has become normal for new car shoppers to be paying MSRP and even higher for vehicles these days. It's gotten so bad that GM and Ford have had to specifically ask dealers to stop price gouging or risk punishment. Even with all this however, it doesn't mean good deals aren't available this December - it always depends on the model, which is why you should really consider more than one vehicle when shopping for a deal. By getting bids from multiple dealers, you increase your chance of finding a "desperate" dealer that is willing to negotiate.

Adding uncertainty to all of this is ongoing world conflict. Gas prices have been higher than average, which causes car shoppers to switch from bigger gas-guzzling pickups and SUVs toward more fuel efficient vehicles, causing downward price pressure on the former and upward pressure on the later. We are also finally starting to see a decrease in demand for new vehicles as consumers are uncertain of the future, and interest rates have made monthly payments much higher.

Interest rates are on the rise, but several manufacturers are still offering 0% financing - some up to 72 months PLUS cash back in December. Many have also introduced loyalty bonuses, so if you do have a lease return coming up, this could put an extra $1,000 to $2,000 in your pocket.

Used car prices are still near record highs right now, although they are finally starting to head down. This is great if you have a car you can sell or trade-in right now, but if you need to buy one at the same time, it kind of washes away the extra profit. The best case scenario would be to sell your used car now, and wait a few months to buy a new one.

My advice right now: If you don't need a new car anytime soon and have the luxury of waiting, then start compiling price bids now but push your purchase out a few months. We may see increases in manufacturer incentives once we start getting back into a more normal pace of production and as new car inventory starts building back up.

(Note: incentives can vary greatly by region; these figures may not be accurate in your local area. Always verify with your local dealers)

Best Car Deals

TrueCar is the best overall service to quickly get pre-negotiated price quotes and lease offers from local Car dealers.

Car Incentives By Make for December 2022

MakeRebates, Incentives and Lease Deals for December 2022
Best Acura Deals December 2022
Best Alfa Romeo Deals December 2022 Average cash back rebates of $1,300. 0% APR up to 48 months available.
Best Audi Deals December 2022 Average cash back rebates of $3,400.
Best BMW Deals December 2022
Best Buick Deals December 2022
Best Cadillac Deals December 2022 Average cash back rebates of $1,000.
Best Chevrolet Deals December 2022 Average cash back rebates of $1,100.
Best Chrysler Deals December 2022 Average cash back rebates of $1,100. 0% APR up to 60 months available.
Best Dodge Deals December 2022 Average cash back rebates of $5,800. 0% APR up to 48 months available.
Best Fiat Deals December 2022 Average cash back rebates of $2,000. 0% APR up to 36 months available.
Best Ford Deals December 2022 Average cash back rebates of $1,300. 0% APR up to 60 months available.
Best Genesis Deals December 2022 Average cash back rebates of $1,000.
Best GM Deals December 2022 Excellent lease deals on Sierra 1500. Average cash back rebates of $1,100.
Best GMC Deals December 2022 Excellent lease deals on Sierra 1500. Average cash back rebates of $600.
Best Honda Deals December 2022
Best Hyundai Deals December 2022 Excellent lease deals on Kona. Average cash back rebates of $800. 0% APR up to 72 months available.
Best Infiniti Deals December 2022 Average cash back rebates of $3,000.
Best Jaguar Deals December 2022
Best Jeep Deals December 2022 Average cash back rebates of $4,400. 0% APR up to 60 months available.
Best Kia Deals December 2022
Best Land Rover Deals December 2022
Best Lexus Deals December 2022
Best Lincoln Deals December 2022 Average cash back rebates of $1,000.
Best Maserati Deals December 2022 Average cash back rebates of $5,700.
Best Mazda Deals December 2022
Best Mercedes Deals December 2022
Best Mini Deals December 2022
Best Mitsubishi Deals December 2022
Best Nissan Deals December 2022 Average cash back rebates of $500.
Best Porsche Deals December 2022
Best Ram Deals December 2022 Average cash back rebates of $5,000. 0% APR up to 60 months available.
Best Subaru Deals December 2022
Best Tesla Deals December 2022
Best Toyota Deals December 2022 Excellent lease deals on Tundra. Average cash back rebates of $500. 0% APR up to 72 months available.
Best Volkswagen Deals December 2022
Best Volvo Deals December 2022

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