It’s worth quickly noting that auto sales have been strong this summer, and that this has boosted the availability of used cars for sale. Not only does the higher supply drive down prices for used cars, but it can also force carmakers and dealers to reduce the prices of new cars and offer better incentives to bring in more buyers. Ultimately, a lot depends on the strength of demand for new cars. If car buyers have been postponing a new car purchase and now want to buy one with all the latest features, no amount of used cars is likely to make them change their minds.
On to the deals. In a tie for first place were one cash-back deal and one lease deal on the same vehicle from Fiat. The lease deal is for a Fiat 500 that carries an MSRP of $18,350. Fiat is offering a 24-month lease for a monthly payment of just $99 and an up-front cash payment of $2,389. Fiat’s financing offer on the 500 includes $3,000 cash-back and 60 monthly payments of $265.
A cash-back offer from Mazda is the second-best August deal, according to KBB. Mazda is offering $1,000 cash-back and 60-monthly payments of $437 for its CX-9, which carries an MSRP of $30,815.
General Motors Co. (NYSE: GM) has a lease deal on a 2014 Chevy Cruze. The car’s MSRP is $20,735 and GM is offering a 36-month lease for $1,849 in cash and monthly payments of $159.
GM is also offering a top leasing deal on its Cadillac ATS, which has an MSRP of $33,990. A cash payment of $1,689 and 36 monthly payments of $299 will put one of these in your garage.
Toyota Motor Corp. (NYSE: TM) is offering its a cash-back deal on its popular 2014 Camry. The car carries a sticker price of $23,695, and Toyota is offering $1,000 cash back and 60-monthly payments of $345.
Ford Motor Co. (NYSE: F) has a $1,500 cash-back deal on its Fusion midsize car and monthly payments of $361. The Fusion’s MSRP is $24,760.
A lease deal on a Cadillac CTS is offering a 36-month lease for a cash payment of $3,019 and monthly payments of $299. The car carries a sticker price of $40,420.
Ford is not leaving out its big vehicles in August. A Ford Expedition with an MSRP of $43,735 can be yours with $6,000 cash back and 60-monthly payments of $632.
Nissan is offering its Pathfinder SUV on a 36-month lease for a cash payment of $2,399 and monthly payments of $259. The MSRP on the Pathfinder is $29,010.
Chrysler Group LLC has its Ram 1500 Quad Cab pickup on a 36-month lease deal at $299 a month after a cash payment of $3,989. The pickup has a list price of $30,123.
ALSO READ: July Auto Sales Winners and Loser
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