Best Labor Day car deals, according to US News and World Report

The coronavirus pandemic has managed to disrupt most facets of the U.S. economy, but that disruption may actually be beneficial to some consumers in the market for a new car.

U.S. News and World Report says there are Labor Day deals on the marketplace right now that are rarely seen in most normal years.

Jim Sharifi, managing editor for the autos section of U.S. News, said auto sales are down, which is a good thing for consumers.

“The bad news is when you look at vehicle sales year-over-year, they’re down,” Sharifi said. “Which is a great thing for a consumer if you’re looking to buy or lease.”

Some of the most popular car makes and models have very good financing and leasing options, Sharifi said.

For those who are concerned about going through the car-buying experience — from touring dealerships, to taking test drives with salesmen in the car with them — Sharifi said a lot of changes are being made to make the process safer.

“There’s been a big push to do a lot more with contactless delivery — doing a lot more online, having the vehicle delivered to your home, which is sort of taking that risk out of the equation,” he said.

The big decision with many of these deals is whether or not to lease the vehicle or buy it. Sharifi said there are benefits to both this season.

“A lot of buyers are motivated by monthly payment — specifically if you’re looking to lease, you want to keep that payment low,” Sharifi said. “And there are some really great options — some of them under $200 a month with monthly payment.”

WTOP’s Mike Murillo and U.S. News and World Report contributed to this report.

The Acura TLX is available for lease with a $299 per month payment for 36 months with $2,999 due at signing.

According to U.S. News and World Report, the 2020 Honda CR-V can be leased for $310 per month for 36 months with no money due at signing and no first month’s payment.

The Hyundai Kona is available for lease at $139 per month for 36 months with $3,339 due at signing, according to U.S. News and World Report’s ranking of best Labor Day car deals.

There’s another Hyundai with a tempting Labor Day deal: The 2020 Hyundai Santa Fe. It can be yours with 0% financing for 72 months with 90 days until the first payment is due.

Sharifi said that 90 day deferral is uncommon for the Santa Fe.

The popular Kia Optima is available for lease for $139 per month for 36 months with $3,319 down.

Kia is also offering up to $6,000 cash back on the 2020 Sorento.

Nissan is offering a Labor Day deal on its 2020 Nissan Titan: 0% financing for 72 months plus up to $3,000 cash back, according to U.S. News and World Report.

The Titan is the only truck to land on U.S. News’ best Labor Day deals ranking.

Sharifi said it’s pretty rare to see the Volkswagen GTI available with such a good deal, but this Labor Day it will be on the market with 0% financing for six years.

“This is a top-ranked compact car — it does very well on our site,” Sharifi said.

Like WTOP on Facebook and follow @WTOP on Twitter to engage in conversation about this article and others.

Get breaking news and daily headlines delivered to your email inbox by signing up here.

© 2020 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

Log in to your WTOP account for notifications and alerts customized for you.

Sign up