As Memorial Day weekend kicks off the summer season, car shoppers can take advantage of the great deals and incentives being offered by dealers and automakers. With rising inventories and a surplus of last year’s models still available, consumers can expect to see discounts on outgoing 2023 models. Some brands, such as Dodge and Chrysler, are offering average discounts of up to $6,753 below sticker price per vehicle, making this holiday weekend a great time to shop for a new car.
In addition to discounts on older models, automakers are also offering cash rebates on new 2024 models to entice buyers. Cash rebate deals range from $1,000 to $10,000, with many of the offers being featured on full-electric models that have seen a sales slump this year. These rebates can vary by region, so it’s important for consumers to check with their local dealerships to see what incentives are available in their area. By comparing offers from different locations, shoppers may be able to find even better deals by looking beyond their immediate area.
For those who enjoy negotiating, there may be additional opportunities to save money by haggling for a dealer’s discount on slower-selling or overstocked models. It’s important for consumers to consider cash rebates as a separate part of the transaction from the negotiated price of the vehicle. By taking advantage of both incentives and dealer discounts, shoppers can potentially save even more money on their new car purchase this Memorial Day weekend.
Some of the biggest cash rebate offers available nationally include deals on both 2023 and 2024 models. Rebates on 2023 models include the Lexus RZ EV for $10,000, the Kia Niro EV for $9,000, and the Ford E-Transit EV for $7,500. On the other hand, rebates on 2024 models include the Audi A8 and S8 for $10,000, the Kia EV6 EV for $10,000, and the Genesis GV70 EV for $7,500. With a wide range of models and rebates available, there are plenty of options for consumers to save money on their new car purchase this holiday weekend.
Overall, this Memorial Day weekend presents a unique opportunity for car shoppers to take advantage of the discounts and incentives being offered by dealers and automakers. With a surplus of last year’s models still available and rebates on new 2024 models, consumers have the opportunity to save money on a new car, truck, or SUV. By comparing offers from different dealerships and considering both cash rebates and negotiated discounts, shoppers can make the most of this summer holiday weekend and drive away in a new vehicle at a great price.
