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Best Car Deals & Incentives for May
May 19, 2016
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 No Haggle and CarsDirect 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% |
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
The 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 Network
Select 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).Select Vehicle to Get Local Pricing
Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, 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 Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
Signup for The Weekly Newsletter
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
About The Author
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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