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October shaping up to be good month for vehicle buyers

Posted on Wednesday, October 8, 2014 at 9:21:24 AM

Are you interested in buying a new car this year? If so, then October could be the perfect month for you. 

According to Kelley Blue Book, there are a number of great deals this month, all thanks to auto financing, lease options and cash-back offers that reduce the initial purchase price. Many of those options include last year's vehicle models, and while it can be a tricky decision to go this route instead of the current model, KBB.com's Jack Nerad explained that choosing an older model can be beneficial at this time.

"For October's list of KBB.com's 10 Best Deals of the Month, we've embraced this moment in time," added Nerad, executive editorial director and executive market analyst for KBB.com. "But don't drive off in one of these cars without first checking out the new and improved version replacing it, just to be sure you are happy with your end-result purchase."

Some vehicles you can look into include the Cadillac CTS Coupe, Toyota Camry LE and the Nissan Maxima S, just to name a few.

If you're ready to sit down at a dealership, keep a few things in mind as well. Go in with a plan, including the vehicle you want, and spend a fair bit of your time negotiating auto financing, according to Cars.com. A favorable financing offer is a big win for you when you drive off the lot.