SANTA MONICA, Calif.,
May 20, 2021 /PRNewswire/
-- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and
transparent online destination to find a car, shares its list of
best cash, lease and finance deals on new cars for May 2021.
"Vehicle supply continues to be adversely impacted by the global
microchip shortage and consumers are increasingly finding that it
is a seller's market. The combination of strong vehicle demand and
short supply are conspiring to drive incentives to the lowest
levels in years. However there are plenty of models that buck this
trend, primarily in the compact segments," said Nick Woolard, Lead Industry Analyst for
TrueCar.
TrueCar's list of best cash, lease and finance deals can help
consumers cut through the noise and identify some of the best
opportunities for savings in the market right now.
Best Cash, Lease and Finance Deals on New Cars
TrueCar
takes a data-driven approach to deals, assessing deals across
popular models, and at each incentive type (cash, lease, finance),
and comparing these offers to the prior month and prior six months
to surface the best monthly offers.
Cash
|
|
|
|
1.
|
|
Chevrolet Traverse
(Midsize Utility)
|
|
|
Avg. MSRP:
$42,002
|
|
|
Avg. Paid:
$40,090
|
|
|
Why this is a good
deal: The average cash offer on this vehicle is $4,345, up 1%
from last month and represents savings of 10% off MSRP.
|
|
|
|
2.
|
|
Chevrolet Bolt EV
(Electric)
|
|
|
Avg. MSRP:
$41,164
|
|
|
Avg. Paid:
$32,221
|
|
|
Why this is a good
deal: The average cash offer on this vehicle is $12,683 and
represents savings of 31% off MSRP.
|
|
|
|
3.
|
|
Chevrolet Equinox
(Compact Utility)
|
|
|
Avg. MSRP:
$31,476
|
|
|
Avg. Paid:
$30,028
|
|
|
Why this is a good
deal: The average cash offer on this vehicle is $4,517 and
represents savings of 14% off MSRP.
|
|
|
|
4.
|
|
Jeep Renegade
(Micro Utility)
|
|
|
Avg. MSRP:
$28,877
|
|
|
Avg. Paid:
$26,294
|
|
|
Why this is a good
deal: The average cash offer on this vehicle is $3,893 and
represents savings of 13% off MSRP.
|
|
|
|
5.
|
|
Hyundai Kona
(Micro Utility)
|
|
|
Avg. MSRP:
$28,228
|
|
|
Avg. Paid:
$25,164
|
|
|
Why this is a good
deal: The average cash offer on this vehicle is $3,034 and
represents savings of 11% off MSRP.
|
|
|
|
Lease
|
|
|
|
1.
|
|
Subaru Crosstrek
(Subcompact Utility)
|
|
|
Avg. MSRP:
$29,945
|
|
|
Avg. Paid:
$27,181
|
|
|
Why this is a good
deal: The average lease offer on this vehicle is $2,248, up
18% from last month and represents savings of 8% off
MSRP.
|
|
|
|
2.
|
|
Chevrolet Blazer
(Midsize Utility)
|
|
|
Avg. MSRP:
$42,389
|
|
|
Avg. Paid:
$40,211
|
|
|
Why this is a good
deal: The average lease offer on this vehicle is $6,057, up
9% from last month and represents savings of 14% off
MSRP.
|
|
|
|
3.
|
|
Chevrolet Trax
(Micro Utility)
|
|
|
Avg. MSRP:
$24,488
|
|
|
Avg. Paid:
$23,626
|
|
|
Why this is a good
deal: The average lease offer on this vehicle is $6,280, up
9% from last month and represents savings of 26% off
MSRP.
|
|
|
|
4.
|
|
Volkswagen Jetta
(Compact Car)
|
|
|
Avg. MSRP:
$24,810
|
|
|
Avg. Paid:
$23,622
|
|
|
Why this is a good
deal: The average lease offer on this vehicle is $2,234, up
8% from last month and represents savings of 9% off
MSRP.
|
|
|
|
5.
|
|
Nissan Sentra
(Compact Car)
|
|
|
Avg. MSRP:
$22,800
|
|
|
Avg. Paid:
$21,453
|
|
|
Why this is a good
deal: The average lease offer on this vehicle is $2,702, up
7% from last month and represents savings of 12% off
MSRP.
|
|
|
|
Finance
|
|
|
|
1.
|
|
Hyundai Venue
(Micro Utility)
|
|
|
Avg. MSRP:
$22,078
|
|
|
Avg. Paid:
$20,556
|
|
|
Why this is a good
deal: The average finance offer on this vehicle is $2,837, up
18% from last month and represents savings of 13% off
MSRP.
|
|
|
|
2.
|
|
Dodge Durango
(Midsize Utility)
|
|
|
Avg. MSRP:
$50,450
|
|
|
Avg. Paid:
$47,167
|
|
|
Why this is a good
deal: The average finance offer on this vehicle is $6,771, up
14% from last month and represents savings of 13% off
MSRP.
|
|
|
|
3.
|
|
GMC Terrain
(Compact Utility)
|
|
|
Avg. MSRP:
$34,837
|
|
|
Avg. Paid:
$29,688
|
|
|
Why this is a good
deal: The average finance offer on this vehicle is $5,076, up
13% from last month and represents savings of 15% off
MSRP.
|
|
|
|
4.
|
|
Kia Sorento
(Midsize Utility)
|
|
|
Avg. MSRP:
$38,777
|
|
|
Avg. Paid:
$36,574
|
|
|
Why this is a good
deal: The average finance offer on this vehicle is $2,355, up
7% from last month and represents savings of 6% off
MSRP.
|
|
|
|
5.
|
|
Hyundai Elantra
(Compact Car)
|
|
|
Avg. MSRP:
$23,438
|
|
|
Avg. Paid:
$21,739
|
|
|
Why this is a good
deal: The average finance offer on this vehicle is $3,079, up
4% from last month and represents savings of 13% off
MSRP.
|
|
|
|
Visit the TrueCar Blog for vehicle descriptions and photos.
Pricing and savings information is based on transaction data
available to TrueCar as of 5/18/2021. 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
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.
If you're active duty military, veteran or a family member of
one, visit TrueCar Military at truecar.com/military for our
Military Appreciation Package.
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 an office in
Austin, Texas.
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
View original content to download
multimedia:http://www.prnewswire.com/news-releases/truecar-shares-best-cash-lease-and-finance-deals-on-new-vehicles-for-may-2021-301296172.html
SOURCE TrueCar, Inc.