Auto buyers have options thanks to incentives, leases
Posted on Wednesday, June 11, 2014 at 8:58:23 AM
Buying a new vehicle is a significant monetary investment, especially in today's economy. Many buyers turn to affordable auto financing to get this done, as well as other methods, such as incentives and leases.
According to Cars.com, June is shaping up to be a great month for these deals. Manufacturers have a surplus of vehicles, and that means they are willing to offer better prices and perks for interested buyers.
"Manufacturers are still seeing relatively high inventory levels and are anxious to move metal," said Jesse Toprak, chief analyst for Cars.com. "Consumers will get the most value on any large-vehicle category this summer. The most significant inventory surplus is in the large-truck category, and as a result, we are seeing generous incentives from manufacturers and dealer discounting for vehicles such as the Silverado and F-Series."
In addition, Requisite Press' recent study on auto buyer affordability found that there is a gap between what the common buyer can purchase and the average transaction price.
However, Phil Kelton, president of Requisite Press, explained that several options remain, especially for families and those interested in long-term auto financing loans.