Labor Day weekend is the last chance for auto dealers to clear out their lots of 2017 models to make room for 2018 inventory — and their motivation is high. Here are the best deals available this weekend.
WASHINGTON — Labor Day weekend is the last chance for auto dealers to clear out their lots of 2017 models to make way for 2018 inventory, and the motivation of manufacturers to sell remaining inventory of this year’s models is high — especially for compact and mid-sized cars.
Edmunds forecasts just over 1.5 million cars and trucks were likely sold in August, an 8 percent increase from July, but the bump comes after seven straight months of declining sales.
The American consumers’ increasing preference for trucks and SUVs means the real deals are on cars, both purchase and lease.
U.S. News & World Report has put together a short list of this Labor Day’s best lease and purchase deals on new cars, based not only on financing, incentives or lease terms but also on cars that have favorable reviews, and it includes:
2017 Honda Fit: Lease for $139 a month for 36 months with $2,399 due at signing.
(American Honda Motor Co., Inc. via AP)
American Honda Motor Co., Inc. via AP
2017 Mazda6: 0 percent financing for 60 months plus $1,000 bonus cash plus no payments for 60 days.
(AP Photo/Mazda, File)
AP Photo/Mazda, File
2017 Kia Soul: 36 month lease for $159 per month with $2,675 due at signing.
(AP Photo/Ahn Young-joon)
AP Photo/Ahn Young-joon
2017 Buick LaCrosse: 0 percent financing for 60 months plus $2,000 bonus cash.
(AP Photo/Chris Carlson)
AP Photo/Chris Carlson
2017 Ford Mustang: 1.9 percent financing for 60 months or $2,000 cash back.
(Courtesy of Ford Motor Co. via AP)
Courtesy of Ford Motor Co. via AP
2017 Toyota Camry: 0 percent financing for 72 months plus $500 bonus cash. (David Dewhurst Photography/Courtesy of Toyota Motor Sales USA Inc. via AP)
2017 Nissan Maxima: 36 month lease for $259 per month with $3,169 due at signing.
(Nissan via AP)
Nissan via AP
2017 Chevrolet Volt: 36 month lease for $299 per month with $2,389 due at signing.
(Jim Fets Photography/Courtesy of General Motors Co. via AP)
Jim Fets Photography/Courtesy of General Motors Co. via AP
2017 Honda Accord: 36 month lease for $189 per month with $1,999 due at signing.
(Courtesy of Honda Motor Co., Inc. via AP)
Jeff Clabaugh has spent 20 years covering the Washington region's economy and financial markets for WTOP as part of a partnership with the Washington Business Journal, and officially joined the WTOP newsroom staff in January 2016.