Ford Motor Co. (NYSE: F) jumped the gun on Labor Day sales by rolling out its holiday offers on July 29, a full month early. The deals, which run through Tuesday, September 2, cover most of the company’s 2014 cars and crossovers. Not included are the 2015 Mustang, the F-Series pickups, and vans. The offer is 0% financing for 72 months.
General Motors Co. (NYSE: GM) has rolled out its Labor Day deals on Chevrolet cars and light trucks last Wednesday. Like Ford, the deals are good through September 2, and Chevy included the 2014 Cruze, Malibu, and Impala sedans, as well as all Camaros, the Traverse crossover, and all the company’s Silverado pickups. Chevy is offering 0% financing for 72 months along with a 90 days of deferred payments.
Toyota Motor Corp. (NYSE: TM) has begun promoting a 0% financing deal for 60 months on its 2014 Avalon, Sienna, Prius, Venza, and the mid-year 2014 Camry.
Nissan’s offer is similar to the others: 0% financing for 60 months on the 370Z coupe, 370Z roadster, and the Pathfinder hybrid; 0% financing for 72 months on 2014 Maximas and Muranos; and 0% financing for 36 months on certain models of Altima, Versa, Quest, Murano, and Juke.
Chrysler Group LLC’s Dodge division has an offer similar to the Chevy payment deferment deal.
Automaker incentives have risen almost 6% to date this year to $2,702, according to Autodata Corp. July incentives were up 13% year-over-year at $2,883 per vehicle. The research firm noted that incentives on Chevy cars and light trucks are down 10% this year to an average of $2,889, while Ford has raised its incentives 10% to $3,214.
For car buyers who’ve been waiting for a little more in the way of incentives before making the decision to buy, prospects are good for even better deals ahead because the industry typically juices up the incentives in the second half of the year. And because market share has slipped this year at both Chevy and Ford, the carmakers could sweeten their incentives even more.
ALSO READ: Best Car Deals for the Month of August
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.