If you’re shopping for a new car, several attractive manufacturer lease and finance deals as well as a couple great cash-back offers are available in the month of July to help make it easier to get into a new car this summer.
To help move inventory off the lots, manufacturers typically offer promotional deals in the form of cash back (that can help increase your down payment) or low financing rates for a defined term. Meanwhile, particular leasing deals typically offer a combination of low down payment and low monthly payment for a nice short term to keep your out-of-pocket expenses minimal.
These lease and finance deals make July a great month to shop for a new car, so if you’re having a hard time choosing, perhaps these opportunities for savings will help you decide between a lower monthly lease payment or a lower upfront and financing costs to get into your next new car.
Top Lease Deals on New Cars – July 2012
2012 Chevrolet Volt
$299/month for 36 months with $1,399 down (excludes PCV)
Mileage allotment: 36,000 miles
Depending on your daily commute, it could be possible to nearly replace your monthly fuel bill with the $299 lease payment on the Chevrolet Volt thanks to its gas-free driving range of 35 miles; after that, you can still travel up to 375 miles on a tank of gas. The Volt sold 1,760 in June outselling the Nissan LEAF (535) and is especially popular in California where it is eligible for HOV lanes. Sweet lease deals like this one should keep Volt sales strong in California and growing in other states.