JACKSONVILLE, Fla. – From now until the New Year is your best chance to get the best deal on a new car.
Just like the end of the calendar year, the end of the model year is a prime time for buying a car. Dealers offer more discounts and rebates to make room for the next year’s new supply.
Jack Hanania Jr. with the Hanania Automotive Group explains the manufacturer incentives are expiring come the new year and with target sales goals to hit before 2024, they’re offering some of the best deals of 2023.
“Before the end of the year the deals are unbelievable,” Hanania said. “As they’re trying to clear out model year 2023s, they get extremely aggressive on the leftover inventory. And that’s what propels the deals and the different incentives that they give to all the other dealers and customers to be able to sell these vehicles.”
You can save on GMC and Chevrolet trucks, with as much as $13,000 off of MSRP on a 2023 GMC Sierra locally.
At Hyundai of Orange Park and Westside Hyundai locations, you get 0% financing on some models.
Right now, you can get $5,000 off of this 2023 Hyundai Sante Fe Calligraphy and 0% financing with no payments for 90 days.
You can also get 1.9% financing on a brand-new Subaru Outback. Or you can lease a 2023 Buick Encore for just $169 a month with a downpayment.
“With the year starting out 2024 the incentives aren’t, you know, because they’re brand-new cars in the new model year that the incentives are typically a little bit less than they would be now,” Hanania said.
No matter how good a deal is, you’ll have more haggling power if you get preapproved for an auto loan from your bank or credit union. That way you can compare the offer to dealer financing.
Happy Shopping!