BEST New-Vehicle Deals for May

New-vehicle sales have taken a hit due to COVID-19 and automakers are trying to do everything they can to help get those new cars out to the world. Some of the highest cash and financing incentives have been put out to make these sales happen. Cash refunds are all over this month, no less than 28 vehicle lines from 2020 are offered with cash-back deals: $4,000 or more, the cap being at $9,000.

There are a lot of 0% financing deals being offered, a record breaking amount in the history of incentives for new cars. Zero-percent financing deals are being given with terms as long as 84 months. A ton of cash can be saved over time with an interest-free loan— especially on costly cars. Interest free auto loans accounted for over a quarter of the financed purchases in April compared to the 4% from the month before. Once May transactions are tallied, this deal is likely to account for a lot more purchases.

Some automakers are helping buyers who may be facing the unknown when it comes to employment and financial foundations with special programs. A lot of the bigger brands are allowing buyers to delay payments for 90-120 days. Ford is taking a step further by deferring the first payment for three months and making the first three payments. Nissan is also deferring the payments for three months, in addition to covering the first two payments of certain models.

These special terms are limited to buyers who have great credit histories. Local dealers will be more flexible in negotiations to help spark the wave of car sales they’re waiting for. Many dealerships are doing their best to make it very easy to buy a new vehicle in these times. Many of them are working with shoppers face-to-face by appointment, adhering to proper safety measures, and literally allow transactions to go through without having to walk into a showroom. Shoppers can also virtually test drive cars while sitting in bed and can get quotes on websites as well as sign paper work at home.

Here are the best new-vehicle purchase deals for may.

  • Buick Encore: $4,500 cash back, or 0% financing for 84 months
  • Buick Envision: $4,700 cash back, or 0.0% financing for 84 months (excludes 1SV trim).
  • Buick Enclave: $4,500 cash back, or 0.0% financing for 84 months.
  • Buick Regal TourX/Sportback: $5,500 cash back.
  • Cadillac Escalade: $9,000
  • Cadillac XT4: $5,000 cash back, or $1,500 cash back plus 0.9% financing for 72 months.
  • Cadillac XT5: $6,000 cash back, or $1,500 cash back plus 0.9% financing for 72 months.
  • Chevrolet Bolt EV: $8,500 cash back, or 0.0% financing for 84 months with deferred payments for 120 days.
  • Chevrolet Equinox: $4,750 cash back, or 0.0% financing for 84 months with deferred  payments for 120 days.
  • Chevrolet Silverado 1500: Up to $8,500 cash back (Crew Cab Custom with the Max Trailering Package; it’s otherwise $6,000), or 0.0% financing for 84 months with deferred payments for 120 days.
  • Chevrolet Tahoe: $4,750 cash back, or 0.0% financing for 84 months with deferred payments for 120 days.
  • Chevrolet Trax: $3,500 cash back, or 0.0% financing for 84 months with deferred payments for 120 days.
  • Dodge Charger/Challenger: $3,050-$7,970 (based on trim horsepower) cash back, or 0.0% financing for 36 months on some trims.
  • Dodge Durango: Up to $4,750 cash back (varies by trim), or up to $750 and 0.0% financing for 36 months.
  • Dodge Journey: Up to $5,000 cash back (varies by trim), or 0.0% financing for 72 months.
  • GMC Sierra 1500: Up to $6,500 cash back (varies by trim), or 0.0% financing for 84 months with deferred payments for 120 days.
  • Jeep Grand Cherokee: Up to $4,250 cash back, or up to $2,250 cash and 0.0% financing for 36 months (varies by trim level and region).
  • Jeep Renegade: Up to $4,250 cash back or up to $1,500 cash, and 0.0% financing for 36 months (varies by trim level and region).
  • Kia Sorento: $4,000 cash back, or 0.0% financing for 75 months with deferred payments for 120 days.
  • Kia Sedona: $4,000 cash back (L or LX $3,000 cash back), or 0.0% financing for 66 months with deferred payments for 120 days.
  • Kia Optima/Optima Hybrid: $4,000 cash back (Special Edition or LX $3,500 cash back), or 0.0% financing for 75 months with deferred payments for 120 days.
  • Nissan Murano: Up to $6,250 cash back, or $1,500 cash plus 0.0% financing for 36 months.
  • Nissan Titan/Titan XD: $4,000 cash back, or $2,000 cash plus 0.0% financing for 60 months with deferred payments for 90 days and first two payments free.
  • Ram 1500: Up to $4,500 cash back, or $2,000 cash plus 0.0% for 36 months or 0.0% for 72 months with deferred payments for 90 days.

These are some of the best deals out there right now, but even better ones are sure to exist for that new car you’ve been keeping your eye on. Car companies need the sales, and they’re giving you great deals to get them. Maybe now is the time to get that new car.

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