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Auto buyers have many great deals this summer

Posted on Friday, July 18, 2014 at 9:20:49 AM

The vehicle buying market has rarely been hotter than this year, so those interested in a new car may want to research affordable auto financing and great deals in order to find the perfect option.

According to Kelley Blue Book, many dealerships are offering low prices on a number of 2014 models, as this year starts to wind to its close. This is due to the fact that room needs to be made for next year's vehicles, and that is a plus for consumers.

"As the year moves along, shoppers can score a great deal on a brand-new 2014 model-year vehicle as auto dealers shift their focus to the 2015 models that are beginning to fill up their lots," said Jack Nerad, executive editorial director and executive market analyst for Kelley Blue Book's website KBB.com. "With plenty of lease, financing and cash-back deals being offered in July, it's a great time shoppers to drive off in a cool new ride."

In addition, Investopedia recommended that you focus on reliability if buying is in your future. While a number of options are cheaper to get off the lot, they might need more repairs down the line. With that in mind, research your choices and pick one that is likely to last for years to come.