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TrueCar shares best end-of-month cash, lease and finance deals on new vehicles for October 2020

TrueCar, Inc., the most efficient and transparent online destination to find a car, today announced its list of the best end-of-month deals on new and used vehicle purchases and trade-in values for October 2020

TrueCar Inc., the most efficient and transparent online destination to find a car, today announced its list of the best end-of-month deals on new and used vehicle purchases and trade-in values for October 2020.

“There are finally some positive signs on the inventory front,” said Nick Woolard, Director of OEM Analytics. “October is the first month since May that we’re starting to see inventory rebound on the new car side.”

“While inventory is still a bit tighter than normal, more inventory means consumers will have an easier time finding popular vehicles on their local dealers’ lots,” continued Woolard. “It may present pricing advantages as well, as low supply, high demand vehicles are not typically discounted and can often go for over MSRP. This is a good trend for car buyers going into the busy Black Friday and end-of-year car buying season.”

Best Cash, Lease and Finance Deals on New Cars
Navigating the new car incentive landscape is complex for any car buyer. We look at deals across popular models, and at each incentive type (cash, lease, finance) and surface the best offer when compared with the prior month. This month we’re seeing average savings of close to 8.3% off MSRP across all new models.

Cash

  1. Toyota Camry Hybrid (Midsize car)
    Avg. MSRP: $31,125
    Avg. Paid: $26,214
    Avg. incentive amount: $3,246
    Cash incentive: the average cash offer on this vehicle is $2,989, up 54% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents an 10% average savings off MSRP.
  2. Volvo XC90 (Premium Midsize Utility)
    Avg. MSRP: $64,947
    Avg. Paid: $60,457
    Avg. incentive amount: $6,853
    Cash incentive: the average cash offer on this vehicle is $3,369, up 31% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 12% average savings off MSRP.
  3. Buick Enclave (Midsize utility)
    Avg. MSRP: $50,739
    Avg. Paid: $43,916
    Avg. incentive amount: $7,032
    Cash incentive: the avg. cash offer on this vehicle is $6,677, up 20% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 14% average savings off MSRP.
  4. Chevrolet Traverse (Midsize Utility)
    Avg. MSRP: $41,414
    Avg. Paid: $38,342
    Avg. incentive amount: $3,756
    Cash incentive: the average cash offer on this vehicle is $3,157, up 21% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents an 9% average savings off MSRP.
  5. GMC Canyon (Midsize Pickup)
    Avg. MSRP: $39,570
    Avg. Paid: $36,163
    Avg. incentive amount: $3,463
    Cash incentive: the average cash offer on this vehicle is $3,129, up 16% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 9% average savings off MSRP.

Lease

  1. Subaru Ascent (Midsize Utility)
    Avg. MSRP: $43,175
    Avg. Paid: $39,302
    Avg. incentive amount: $2,818
    Lease incentive: the average lease offer on this vehicle is $4,117, up 30% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents an 7% average savings off MSRP.
  2. Chevrolet Silverado 1500 (Fullsize Pickup)
    Avg. MSRP: $50,089
    Avg. Paid: $44,564
    Avg. incentive amount: $5,844
    Lease incentive: the average lease offer on this vehicle is $11,766, up 21% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 12% average savings off MSRP.
  3. Chevrolet Blazer (Midsize Utility)
    Avg. MSRP: $40,930
    Avg. Paid: $37,238
    Avg. incentive amount: $5,220
    Lease incentive: the average lease offer on this vehicle is $6,790, up 20% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents an 13% average savings off MSRP.
  4. Chevrolet Colorado (Midsize Pickup)
    Avg. MSRP: $36,273
    Avg. Paid: $33,345
    Avg. incentive amount: $3,688
    Lease incentive: the average lease offer on this vehicle is $5,845, up 19% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 10% average savings off MSRP.
  5. Volvo XC60 (Premium Compact Utility)
    Avg. MSRP: $54,358
    Avg. Paid: $50,549
    Avg. incentive amount: $6,383
    Lease incentive: the average lease offer on this vehicle is $7,428, up 14% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents an 12% average savings off MSRP.

Finance

  1. Honda Pilot (Midsize Utility)
    Avg. MSRP: $42,360
    Avg. Paid: $38,840
    Avg. incentive amount: $2,137
    Finance incentive: the average finance offer on this vehicle is $2,917, up 34% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents an 5% average savings off MSRP. This discount is higher than typical for this model.
  2. Nissan Altima (Midsize car)
    Avg. MSRP: $27,928
    Avg. Paid: $24,814
    Avg. incentive amount: $3,452
    Finance incentive: the average finance offer on this vehicle is $5,103, up 32% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 12% average savings off MSRP.
  3. Chevrolet Equinox (Compact Utility)
    Avg. MSRP: $31,330
    Avg. Paid: $26,762
    Avg. incentive amount: $5,498
    Finance incentive: the average finance offer on this vehicle is $6,427, up 25% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 18% average savings off MSRP.
  4. Ram 1500 (Fullsize Pickup)
    Avg. MSRP: $56,200
    Avg. Paid: $50,842
    Avg. incentive amount: $6,224
    Finance incentive: the average finance offer on this vehicle is $7,136, up 15% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 11% average savings off MSRP.
  5. Chrysler Pacifica (Minivan)
    Avg. MSRP: $44,716
    Avg. Paid: $41,973
    Avg. incentive amount: $4,407
    Finance incentive: the average finance offer on this vehicle is $6,504, up 12% from last month.
    Why this is a good deal: The average incentive across cash, lease and finance represents a 10% average savings off MSRP.

Please click here to view the full press release.

SOURCE: TrueCar

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