Car dealers are anxious to get a head start on 2018 Memorial Day Car Sales.
Car shoppers ready to hit the road this summer vacation will find lots of offers on 2018 vans,suv’s and sedans this Memorial Day. Start your holiday car deal search now, to have your best chance at the color, features, and option packages on the make and model you want.
Hyundai and Kia are offering 0%, 66 mos. auto loan terms or big rebates on old body style Sorrento, Santa Fe suv’s. The hybrids; Ioniq from Hyundai has a great lease deal under $250.00 a month* and KIA NIRO in SUV crossover mode can be had for under $300.00/mth.
Interest rates on auto loans climb to highest level in 8 years.
Car buyers need to accept the fact that top tier credit will find GREAT interest rate is now 3.99% in most cases. Take the rebate and pay the loan off early when you can. 0% is very rare and often is limited to the first week of the month, as in Chevrolet’s case lately. Honda, Toyota and Nissan have .09% and 1.9% on slower moving cars while inventories remain high. Expect these discounted interest rates to disappear by July 4th as remaining 2018 models sell-off and the Federal Bank makes a rate increase announcement in June.
Credit unions and online auto loan offers have tightened up on less than stellar credit, raising down-payment requirements and limiting the amount of the auto loan to 100% of the vehicle value, no room on the loan for warranties, taxes and negative-equity trades.
Holiday Luxury Car deals for Memorial day car shoppers.
Acura, Audi, BMW and Lexus are using this May to clear dealership lots before 2019’s arrive. Watch for specific lease deals touting low monthly payments with hefty cash down. Acura TLX, Audi A3, BMW 2 Series, and Lexus IS250 are starter models designed to draw uncommitted luxury shoppers on a tight budget.
Earlier this month, Las Vegas Infiniti launched a $299/mth lease on their Qx30 with 0 $ down. Mercedes and Porsche are pushing certified used cars with low interest rates.
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