Like many of us, if you’ve held off on purchasing a new car, October may be the time to get a great deal. October has some of the best new car deals we’ve seen all year, and deals are available on all brands. In addition, dealer incentives from September have rolled into October, and with the model year-end approaching, dealers may be even more inclined to negotiate.
According to TrueCar.com, transaction prices have dropped for the 4th straight month this year, and this trend for 2011 autos is expected to continue through the end of the year.
Here are some of the best deals on 2011 models in October according to US News:
Mazda CX-7 — 0% financing for up to 60 months AND $500 back
Honda Fit — 0.9% financing for 24-36 months
Hyundai Elantra — 1.9% financing for up to 236 months in most regions
Buick Regal — 0% financing for up to 60 months OR $1,000 cash back
GMC Sierra — 0% financing for up to 60 months AND $1,000 APR cash OR $4,505 cash back
Chevrolet Traverse — 0% financing for up to 60 months AND $1,000 APR cash OR $2,000 back
Nissan Maxima – 0% financing for 36 months; 0.9% financing for 60 months; 1.9% financing for 72 months OR $3,000 cash back
So if you’re thinking about buying a new auto, October is definitely a good time to do it.