SANTA MONICA, Calif.,
March 18, 2021 /PRNewswire/
-- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and
transparent online destination to find a car, today announced its
list of the best cash, lease and finance deals on new vehicles,
plus deals on used vehicles and trade-in values for March 2021.
"In today's car buying marketplace, with fewer and more targeted
incentives and discounts, consumers need to be really savvy and
have the best, most accurate information to identify the best
deals," said Nick Woolard, Lead
Industry Analyst at TrueCar.
"If you've had your heart set on an electric vehicle, we're
seeing some of the biggest discounts in this segment this month
including on the Chevrolet Bolt, Audi e-Tron and Nissan Leaf,"
added Woolard.
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.
Cash
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1.
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Toyota Venza (Midsize
Utility)
|
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|
Avg. MSRP:
$39,283
|
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Avg. Paid:
$36,561
|
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|
Why this is a good
deal: The average cash offer on this vehicle is $1,232, up
35% from last month and represents savings of 3% off
MSRP.
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2.
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Hyundai Kona (Micro
Utility)
|
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|
Avg. MSRP:
$27,449
|
|
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Avg. Paid:
$25,318
|
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Why this is a good
deal: The average cash offer on this vehicle is $3,346, up
21% from last month and represents savings of 12% off
MSRP.
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3.
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Chevrolet Malibu
(Midsize Car)
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Avg. MSRP:
$26,486
|
|
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Avg. Paid:
$23,577
|
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Why this is a good
deal: The average cash offer on this vehicle is $3,666, up
17% from last month and represents savings of 14% off
MSRP.
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4.
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Hyundai Elantra
(Compact Car)
|
|
|
Avg. MSRP:
$22,883
|
|
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Avg. Paid:
$21,286
|
|
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Why this is a good
deal: The average cash offer on this vehicle is $1,938, up
16% from last month and represents savings of 8% off
MSRP.
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5.
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Toyota Corolla
(Compact Car)
|
|
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Avg. MSRP:
$23,218
|
|
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Avg. Paid:
$21,111
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Why this is a good
deal: The average cash offer on this vehicle is $1,693, up
14% from last month and represents savings of 7% off
MSRP.
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Lease
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1.
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Lexus NX 300 (Prem
Compact Utility)
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Avg. MSRP:
$44,055
|
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Avg. Paid:
$41,783
|
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Why this is a good
deal: The average lease offer on this vehicle is $6,254, up
13% from last month and represents savings of 14% off
MSRP.
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2.
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Subaru Crosstrek
(Subcompact Utility)
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Avg. MSRP:
$29,329
|
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Avg. Paid:
$26,758
|
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Why this is a good
deal: The average lease offer on this vehicle is $2,682, up
5% from last month and represents savings of 9% off
MSRP.
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3.
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Lexus RX 350 (Prem
Midsize Utility)
|
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|
Avg. MSRP:
$55,220
|
|
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Avg. Paid:
$52,105
|
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Why this is a good
deal: The average lease offer on this vehicle is $6,727, up
4% from last month and represents savings of 12% off
MSRP.
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4.
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Toyota Highlander
Hybrid (Midsize Utility)
|
|
|
Avg. MSRP:
$40,160
|
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Avg. Paid:
$35,876
|
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Why this is a good
deal: The average lease offer on this vehicle is $3,942, up
3% from last month and represents savings of 10% off
MSRP.
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5.
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Acura TLX (Prem
Midsize)
|
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Avg. MSRP:
$44,132
|
|
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Avg. Paid:
$41,905
|
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Why this is a good
deal: The average lease offer on this vehicle is $9,962, up
3% from last month and represents savings of 23% off
MSRP.
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Finance
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1.
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Chevrolet Bolt EV
(Electric)
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Avg. MSRP:
$41,039
|
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Avg. Paid:
$33,355
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Why this is a good
deal: The average finance offer on this vehicle is $16,406,
up 33% from last month and represents savings of 40% off
MSRP.
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2.
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Volkswagen Atlas
(Midsize Utility)
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|
|
Avg. MSRP:
$45,430
|
|
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Avg. Paid:
$42,654
|
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Why this is a good
deal: The average finance offer on this vehicle is $5,438, up
53% from last month and represents savings of 12% off
MSRP.
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3.
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Honda Odyssey
(Minivan)
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Avg. MSRP:
$40,878
|
|
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Avg. Paid:
$37,882
|
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Why this is a good
deal: The average finance offer on this vehicle is $3,076, up
48% from last month and represents savings of 8% off
MSRP.
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4.
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Jeep Gladiator
(Midsize Pickup)
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Avg. MSRP:
$50,554
|
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Avg. Paid:
$47,180
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Why this is a good
deal: The average finance offer on this vehicle is $4,235, up
19% from last month and represents savings of 8% off
MSRP.
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5.
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GMC Sierra 2500HD
(Fullsize Pickup)
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Avg. MSRP:
$71,774
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Avg. Paid:
$66,490
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Why this is a good
deal: The average finance offer on this vehicle is $8,853, up
11% from last month and represents savings of 12% off
MSRP.
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Visit the TrueCar Blog for vehicle descriptions and photos.
Pricing and savings information is based on transaction data
available to TrueCar as of 3/15/2021. Average cash, lease
and finance savings are subject to change and individual savings
may vary by factors such as location, individual vehicle
attributes, dealer, credit approval, credit score, APR, applied
residual value, amount financed and term. Average lease and
finance payments are may vary based on similar factors as well as
down payment. Average finance and lease savings based on an assumed
4.15% APR and ALG residual value benchmarks.
Best Deals on Used Vehicles
We looked at popular used
vehicles at a model level and curated those that have experienced a
significant month-over-month decrease in the list price indicating
a good deal.
Brand and
Model
|
Segment
|
MoM Drop in List
Price
|
Honda
Clarity
|
Electric
|
-5.6%
|
Mitsubishi
Mirage
|
Mainstream
Cars
|
-5.0%
|
Mercedes-Benz
A-Class
|
Luxury
Cars
|
-4.7%
|
Chrysler PT
Cruiser
|
Mainstream
Cars
|
-4.6%
|
smart
fortwo
|
Microcar
|
-4.6%
|
Mercedes-Benz
C-Class
|
Luxury
Cars
|
-4.5%
|
Mercedes-Benz
CLA
|
Luxury
Cars
|
-4.4%
|
MINI
Clubman
|
Mainstream
Cars
|
-4.4%
|
Volvo S60
|
Luxury
Cars
|
-4.3%
|
BMW 5
Series
|
Luxury
Cars
|
-4.3%
|
BMW i3
|
Electric
|
-4.3%
|
BMW X4
|
Luxury
Utility
|
-4.3%
|
BMW 3
Series
|
Luxury
Cars
|
-4.2%
|
Toyota Corolla
Hatchback
|
Mainstream
Cars
|
-4.2%
|
Toyota Prius
c
|
Mainstream
Cars
|
-4.2%
|
Change in list price calculated as a model average of vehicle
level price changes for nationwide listings as of 3/15/2021 compared to the prior month. Individual
vehicle price changes may vary based on a variety of factors,
including location, individual vehicle attributes and
dealer.
Best Deals on Trade-In Values
Below, we highlight
popular used models with the biggest increase in list price
compared with the average. A smaller drop or small gain in list
price signifies that the vehicle is retaining its market value and
could fetch a stronger trade-in value.
Brand and
Model
|
Segment
|
MoM Drop in List
Price
|
Dodge Ram
2500
|
Pickup
|
-0.2%
|
Chevrolet Express
Passenger
|
Commercial
Vans
|
-0.6%
|
Mitsubishi
Outlander
|
Mainstream
Utility
|
-0.8%
|
Dodge Grand
Caravan
|
Mainstream
Utility
|
-0.8%
|
Mitsubishi Eclipse
Cross
|
Mainstream
Utility
|
-1.2%
|
Mercedes-Benz
CLK
|
Prem
Fullsize
|
-1.3%
|
Ford
Mustang
|
Mainstream
Cars
|
-1.4%
|
Chrysler
Pacifica
|
Mainstream
Utility
|
-1.5%
|
GMC Sierra
3500HD
|
Pickup
|
-1.5%
|
Chevrolet
Corvette
|
Prem
Performance
|
-1.5%
|
Ford Super Duty
F-350
|
Pickup
|
-1.5%
|
Chevrolet Silverado
3500HD
|
Pickup
|
-1.5%
|
Chevrolet
Tahoe
|
Mainstream
Utility
|
-1.6%
|
GMC Sierra
2500HD
|
Pickup
|
-1.6%
|
Chevrolet Bolt
EV
|
Electric
|
-1.6%
|
Change in list price calculated as a model average of vehicle
level price changes for nationwide listings as of 3/15/2021 compared to the prior
month. Individual vehicle list price changes may vary based on
a variety of factors, including location, individual vehicle
attributes and dealer. Changes in used vehicle list prices are
assumed to be correlated with corresponding changes in trade-in
value, but this correlation between list prices and trade-in values
may not exist for the identified models or may not be experienced
to the same degree.
If you're active duty military, veteran or a family member of
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Military Appreciation Package.
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About TrueCar
TrueCar is a
leading automotive digital marketplace that enables car buyers to
connect to our nationwide network of Certified Dealers. We are
building the industry's most personalized and efficient car buying
experience as we seek to bring more of the purchasing process
online. Consumers who visit our marketplace will find a suite of
vehicle discovery tools, price ratings and market context on new
and used cars – all with a clear view of what's a great deal. When
they are ready, TrueCar will enable them to connect with
a local Certified Dealer who shares in our belief that truth,
transparency and fairness are the foundation of a great car buying
experience. As part of our marketplace, TrueCar powers
car-buying programs for over 250 leading brands,
including AARP, Sam's Club, and American Express. Nearly
half of all new-car buyers engage with TrueCar powered
sites, where they buy smarter and drive
happier. TrueCar is headquartered in Santa
Monica, California, with offices in Austin,
Texas and Boston, Massachusetts.
For more information, please visit www.truecar.com, and
follow us on Facebook or Twitter. TrueCar media
line: +1-844-469-8442 (US toll-free) Email: pr@truecar.com
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SOURCE TrueCar, Inc.