Dealer inventories remain low, but new car incentives can be found. GM, Hyundai, Nissan, and Kia are offering zero percent financing on many 2021 models.
While September usually marks the beginning of deals and offers as dealers look to push older models off their lots, 2021 is a different year. Inventories remain low, and manufacturing is still recovering from the impacts of last year. Even though production has seen some pick up recently, it will take a few months to clear the existing backlog.
With that said, there are fewer deals to be had compared to previous years, but they are out there. Some of the best offers come from GM, which is offering 0% financing for 72 months along with a few thousand dollars in cash back and loyalty offers on many 2021 models. In comparison, financing incentives from Ford are mostly limited to the F-150, although many models qualify for a $1,500 cash rebate.
Nissan has the most comprehensive set of incentives, offering 0% financing for up to 60 months on many 2021 models. In addition, there are quite a few cashback and loyalty rewards that can take a few thousand dollars off the sticker price. Also worth mentioning is the 0-1.9% financing from Hyundai and Kia that covers most of their 2021 and select 2022 models.
With that said, this is a seller’s market with used vehicles selling at all-time highs. It might be worth waiting a couple of months (if possible) for production to pick up. Although, if you are patient (and persistent), there are still some great deals to be had. One quick note, lease amounts for the models listed below may vary by region, so be sure to check the manufacturer site for your local options.