Traditionally, the July 4th Holiday is one of the biggest car shopping events of the year, with sales and rebates coming from numerous automakers and dealers. This year we may not see as many deals as we have in the past, but there are still some great discounts you could take advantage of.
The Fourth of July brings a number of things to mind—fireworks, family, friends, cookouts, and American independence. If you're in search of a new set of wheels you should know that Independence Day is also a great time to car shop. Almost every automaker rolls out deals on new cars around the Fourth of July, and some of the rebates being offered are well worth checking out.
Most car manufacturers offer incentives around holidays, and the Fourth of July is no different. They do this, in part, because many buyers get the day off and have more time to shop. In the past, dealers were eager to clear space on their lots because the new models begin arriving about this time, something they don't have to worry about as much this year, with low inventories just beginning to build.
If you are looking to buy a new car, shopping around Independence Day is one of the best times to do so. There are normally plenty of deals being offered, from generous cashback rebates to low APR financing. While you will need to qualify for any low-interest offers, you can take advantage of the cash-back deals even if you have credit problems.
4th of July Deals in 2024
Be aware that even with 4th of July savings, you may not see the prices or interest rates as low as you'd like. Though we're not seeing the lack of inventory, and other supply chain issues, that have plagued us in recent years, we're still not seeing a wide range of deals so far. So, while there may not be as many deals on as many brands as we're classically used to, a number of manufacturers are still offering discounts this holiday season.
Here are some of the best deals we've found, courtesy of our sister site CarsDirect:
- The 2024 Jeep Compass is currently benefiting from one of the biggest rebates around. This deal allows for 20% off the popular Jeep model, which equates to around $7,000. This deal is trim-specific and only available in the mid-Atlantic region. Current offers on Jeep models run through July 1, but this may be extended to include the Holiday.
- Right now, the remaining stock of 2023 Ford Mustang Mach-E's is selling for 0% APR, plus $3,000 off. Now through July 8th, the popular EV is being offered for 0% financing for up to 72 months. If you opt for a GT, you can receive an additional $3,000 in bonus cash. We suspect that Ford will also extend a trade-in assistance deal, which they often offer during the July 4th Holiday. If this is the case, waiting until the Fourth could result in as much as an additional $1,500 in savings if you have a trade-in.
- This Fourth of July makes a perfect time to buy or lease a used Acura model. Beginning on July 2, Acura has announced that all used 2024 model-year RDXs will be on sale for just 0.99% APR for up to 36 months. Opting for a 2019-2023 model and a longer lease of 48 months will garner a 1.99% APR. Pre-owned MDX models are also eligible for this deal.
- The new 2024 Nissan Titan is also showing some good deals this month, both for new buyers and returning customers as well. Through July 8 you could qualify for 0% APR on a 2024 Titan in select trims for up to 60 months. If you're a returning Nissan or Infiniti owner or lessee you could also qualify for an additional $1,500 loyalty discount. That's $1,500 on top of the 0% financing if you qualify.
- If you qualify for a lease car the 2024 Volvo XC90 is now eligible for a $7,500 lease credit, as well as a loyalty credit of up to $2,500. This means that in some regions the XC90 is leasing with $10,000 off MSRP.
- If you're shopping for a 2024 Ford Bronco Sport, you may qualify for up to $2,250 off the SUV. Right now the 2024 Bronco Sport is being offered with $1,250 in bonus cash, and if you're a current Jeep owner or lessee you qualify for an additional $1,000 in conquest cash.
The deals listed may vary by region, and those listed here are based in California unless otherwise noted. Contact your local dealership to see what offers you may qualify for.
How Can I Find My Best Deal?
According to Kelley Blue Book, the average new car was going for $47,218 as of March 2024, this is about 1% lower than prices last year. Higher vehicle prices have left many shoppers hoping for holiday savings to lighten the blow. Since July 4 saving may not be all that you hoped for when you have bad credit, there are still other ways you can save on a new car. Here are three tips on finding the best deal for your situation.
- Don't shop for the most popular cars. The most popular vehicles cost the most, so to get a better price it pays to look at less popular makes and models. These vehicles are more likely to be in stock so you may be able to get a better deal.
- Opt for a certified pre-owned vehicle. If you're not set on a new car, you can typically save some money by shopping for a CPO. These are the cream of the crop when it comes to used cars, and they usually sell for less than their new counterparts.
- Flexibility is key. In today's auto market where prices are rising across the board, you may have to place a custom order to get the features you want in a car. To get the best deal on a vehicle today, remember to be flexible on things like paint color, options, and trim levels.
Finding your best deal may take a little work, but there are plenty of ways you can find the best deals for July 4, and all year long, it just takes a little research, and the right combination of dealers and lenders to fit your situation.
