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Temperatures and leaves are starting fall in many parts of the country, and new-car discounts are rising. This can be a great time to get a deal on a new car, because dealerships look to clear out leftover 2020 vehicles to make room for the 2021s. And used-car prices are up this year, meaning you can get more for your trade-in.
We’ve compiled a list of the best end-of-summer new-car deals, focusing on the models with the greatest percentage of potential savings compared with their sticker price. They are selected from vehicles with a strong Overall Score, which factors in road-test performance, owner satisfaction, reliability, and safety. (Learn more about CR’s car ratings.)
The vehicles listed below are priced 15 to 24 percent below the manufacturer’s suggested retail price, with potential savings from $3,235 to $9,977 once nationwide incentives are applied.
These extreme savings come with trade-offs, though. It’s the end of the model year, and any 2020 car purchased now will see accelerated first-year depreciation, especially models being redesigned, such as the Kia Sorento.
But buying a year-end model can be a smart move if you plan to hold on to the vehicle for several years, especially if you’re a high-mileage driver. An all-new car can be tempting, with its latest bells and whistles, but remember that models are typically most reliable in their last year of production. (Learn more in “Should You Buy a New Car During End-of-Summer Sales?”)
If now is the right time for you to buy, consider the models below, ranked by percentage of potential savings.
Shop CR’s Car Buying Service From Home
The Consumer Reports Build & Buy Car Buying Service is evolving to face the challenges during the pandemic. Our service allows you to access a nationwide network of more than 16,000 dealers to provide up-front pricing information and a certificate to receive guaranteed savings off MSRP.
A growing number of dealerships in the network are part of a Buy From Home program, which allows buyers to complete the buying process without going to a dealership. Participating dealerships take you through the paperwork remotely and deliver a sanitized vehicle right to your home, all at a fair price. Those dealers have a special banner on the site that says “Buy from Home: Have your vehicle delivered to you and complete your paperwork at home.”
Chevrolet Bolt: 24% Off
Kia Sorento: 20% Off
Toyota Avalon: 18% Off
Kia Soul: 16% Off
Toyota Corolla: 16% Off
Buick Enclave: 16% Off
Nissan Altima: 15% Off
Toyota Camry: 15% Off
Toyota Supra: 15% Off
Kia Sportage: 15% Off
Tips for Buying a New Car
There are a lot of things to consider when buying a new car. On the “Consumer 101” TV show, Consumer Reports expert Kelly Funkhouser explains to host Jack Rico what to look for before taking a test drive.
Consumer Reports is an independent, nonprofit organization that works side by side with consumers to create a fairer, safer, and healthier world. CR does not endorse products or services, and does not accept advertising. Copyright © 2020, Consumer Reports, Inc.