New Cars with the Biggest Average Discounts
Some vehicles come with much bigger discounts than their competitors. It's all due to supply and demand.
You should be aware of which cars are likely to be heavily discounted so you can be better informed when comparison shopping multiple brands.
Anyone who's been shopping for a new Hyundai Elantra can tell you they're selling with barely any discounts. Other models are averaging close to 20% off MSRP.
Here's a list of the average discounts you can expect by brand. Note these figures are an average of all models and trim levels within that brand. Individual models may vary greatly from these figures.
Also note that these are "average" discounts. By using a tool like the RydeShopper, you should be able to beat these averages.
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- 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