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Best New Car Incentives, Lease Deals for March 2024

Last Updated: Feb 27, 2024

March 2024 Car DealsThose looking to buy or lease a new car in March should find it to be a much better scenario than last year! Inventories on new vehicles have been rising, incentives have been increasing across the board with larger rebates and better lease deals. Used car prices have been coming down as well, and even leasing is becoming more attractive again. If you're looking to buy or lease a new car, I would try to time it towards the end of the month as dealers should be more likely to negotiate on price.

It had become normal over the past couple of years for new car shoppers to be paying MSRP and even higher for vehicles. We're really seeing this change with more incentives and more willingness for dealers to negotiate, with some models offering upwards of 15% off MSRP now. Remember, getting a great deal foremost 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 and high interest rates. Interest rates have made monthly payments much higher, which makes affordability of news cars much harder, especially luxury cars. On top of this, lenders are becoming more strict with who they loan money to. Rejection rates for auto loans are at all-time highs, especially car shoppers with credit scores below 690 - it's a great time to be a cash buyer however!

Interest rates are anywhere from 6 - 10% on new cars even if you have good credit, but some manufacturers are still offering 0% financing on some vehicles in March. We've actually seen an uptick in finance deals being offered, which seems to be the main way manufacturers are offering incentives right now. 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 were finally starting to head down in a meaningful way, but they are still much higher than they've historically been. The prices at auction have inched back up over the past month or so, but it looks like they should head down again. 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 should see increases in manufacturer incentives this summer as dealers and manufacturers are forced to compete again.

(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 March 2024

MakeRebates, Incentives and Lease Deals for March 2024
Best Acura Deals March 2024
Best Alfa Romeo Deals March 2024 Average cash back rebates of $1,800.
Best Audi Deals March 2024 Average cash back rebates of $6,300.
Best BMW Deals March 2024
Best Buick Deals March 2024 Average cash back rebates of $2,300.
Best Cadillac Deals March 2024 Average cash back rebates of $1,000.
Best Chevrolet Deals March 2024 Excellent lease deals on Silverado 1500. Average cash back rebates of $1,400.
Best Chrysler Deals March 2024 Average cash back rebates of $2,700. 0% APR up to 60 months available.
Best Dodge Deals March 2024 Average cash back rebates of $5,800. 0% APR up to 72 months available.
Best Fiat Deals March 2024 Average cash back rebates of $1,000.
Best Ford Deals March 2024 Average cash back rebates of $3,200. 0% APR up to 72 months available.
Best Genesis Deals March 2024
Best GM Deals March 2024 Excellent lease deals on Silverado 1500. Average cash back rebates of $1,600.
Best GMC Deals March 2024 Excellent lease deals on Sierra 1500. Average cash back rebates of $2,400.
Best Honda Deals March 2024
Best Hyundai Deals March 2024 Average cash back rebates of $1,400. 0% APR up to 72 months available.
Best Infiniti Deals March 2024 Average cash back rebates of $1,300.
Best Jaguar Deals March 2024
Best Jeep Deals March 2024 Excellent lease deals on Gladiator. Average cash back rebates of $3,900.
Best Kia Deals March 2024 Average cash back rebates of $5,800. 0% APR up to 60 months available.
Best Land Rover Deals March 2024
Best Lexus Deals March 2024 Average cash back rebates of $3,800.
Best Lincoln Deals March 2024 Average cash back rebates of $2,500.
Best Maserati Deals March 2024 Average cash back rebates of $5,000.
Best Mazda Deals March 2024 Average cash back rebates of $1,500. 0% APR up to 60 months available.
Best Mercedes Deals March 2024
Best Mini Deals March 2024 Excellent lease deals on Cooper. Average cash back rebates of $1,000.
Best Mitsubishi Deals March 2024 Average cash back rebates of $500. 0% APR up to 60 months available.
Best Nissan Deals March 2024 Average cash back rebates of $2,200. 0% APR up to 72 months available.
Best Porsche Deals March 2024
Best Ram Deals March 2024 Average cash back rebates of $3,800.
Best Subaru Deals March 2024 0% APR up to 72 months available.
Best Tesla Deals March 2024 Excellent lease deals on Model Y.
Best Toyota Deals March 2024 Excellent lease deals on Tundra. Average cash back rebates of $1,100. 0% APR up to 72 months available.
Best Volkswagen Deals March 2024
Best Volvo Deals March 2024 Average cash back rebates of $1,200.

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