After the relatively slow production year in 2020, January 2021 saw car manufacturers almost back to full production. As inventories soared, used car prices began to fall. Though January isn’t particularly known for new car sales, patient buyers can hedge their bets that they will find a dealer who is willing to sell a vehicle at below cost price just to boost their numbers.
Besides, with manufacturers offering payment deferrals with 0% financing, cashback options, and loyalty bonuses, January 2021 could be a good month for potential buyers looking for car dealership sales. Having said that, experts advise putting off buying a car for a few months into 2021. This allows you some time to start compiling price bids as manufacturers ease back into a more conventional production pace.
However, if a January purchase is on the cards for you, you might want to visit aggregator websites to see low car prices from dealers in your area. These are just a few of the car deals and incentives available in January that you should check out if you want to maximize savings.
Incentives from Acura:
Acura has good lease deals on almost all their models.
Incentives from General Motors, Chevrolet:
If you’re on the market for a Buick, Cadillac, or Chevrolet, the manufacturer is offering cashback deals of up to $5,000 cashback with 0% financing on old models in the showroom. This can go up to $6,000 on 2018 models. If you hit the criterion, you can get a six-year, 0% financing deal on the 2021 Chevrolet Silverado Crew Cab with $2,500 bonus cash.
Incentives from Lexus:
Lexus offers cash rebates of up to $7,000 on some models and has good lease deals across the board.
Incentives from Chrysler, Dodge:
Expect cash rebates for up to $3,000 with 0% financing for up to 72 months. Interested buyers can get the 2021 Chrysler Pacifica Hybrid with 0% financing for up to five years and $4,000 bonus cash.