If you're looking for Black Friday car deals in 2024, you can be pretty sure that some good deals are happening the day after Thanksgiving – even for cars, trucks, and SUVs.
You've probably seen dealerships in your area starting to advertise "amazing deals" happening later in the month, or that have already started. While there can be great deals for Black Friday, if you're struggling with credit issues these deals are unlikely to be as good as the ones that will be offered at the end of December.
Borrowers with bad credit will have to look carefully at 2024 Black Friday car deals to see if they qualify.
New Car Deals For Black Friday
Something to be thankful for this holiday season is the Black Friday deals on new cars. If you’re shopping for your next new vehicle, there’s a good chance these deals are available at many of your local dealerships.
Keep in mind that most 0% deals go to buyers with good credit, so if you're struggling with your score, it's better to look for a deal that may apply to anyone, like a percentage-off incentive.
Get Thousands Off Lincoln Vehicles
Navigator Black Friday Deal: $2,000 Cash Back
The Lincoln holiday sales event offers $2,000 off for all competitive owners and lessees coming from another brand. This cashback offer can also be stacked with other rebates, which could make purchasing a new Lincoln Navigator worth your while this Black Friday. Currently, the 2024 Lincoln Navigator is enjoying a rebate worth $10,000 on the outgoing model. add the Wish List sales event cash to this and you're looking at a cool $12,000 off your new Lincoln.
Black Friday Deals on New Jeep Models
2024 Jeep Gladiator Deals
Right now you could qualify for 15% off the sticker price on a 2024 Jeep Gladiator. This national deal is a standalone offer that can't be combined with other deals. If you're looking for a low APR, right now the 2024 Gladiator finances for just 2.9% for 72 months.
Jeep Cherokee 4xe Discount: Up To $8,000 Retail Cash
The Jeep Black Friday Sales Event is giving customers options when it comes to getting a deal on an electrified Cherokee model. Qualified buyers could earn up to $8,000 cash on a purchase of a 2024 Cherokee 4xe, or opt of 0% financing for 72 months.
Pony Up Some Savings with Ford
Mustang Mach-e Black Friday Deal: 0% APR For 72 Months + Up To $9,500 Cash
Ford usually launches Black Friday car deals in the final days leading up to the holiday, and this year is no different. On November 14, Ford Credit announced even lower pricing for some of their most popular models.
If you're shopping for an EV, Mustang Mach-E savings can hit $9,500 when factoring in bonuses and competitive owner credits. Even if you're not in a Tesla currently, which garners you an additional $1,500 bonus for switching to a Mach-e, the savings can still hit $8,000. And that's on top of 0% financing for six years. See your local Ford dealer for offers near you. Current Ford discounts run through January 2, 2025.
No Payment For 90 Days on Santa Fe
Hyundai Santa Fe Black Friday Deal: 0% APR + No Payments Until 2025
If you're in the market for a midsized SUV, the 2025 Hyundai Santa Fe has a deal that's hard to beat. Through December 2, gas versions of the Santa Fe feature 0% APR financing for 36 months. This represents a substantial price cut when compared to last month's rate of 3.99%. To help sweeten the deal, a "0 Payments For 90 Days" promo promises no payments until 2025. This deal is trim-specific, and for qualifying borrowers, so be sure to check with your local Hyundai dealer for offers near you.
Are Black Friday Car Deals Any good?
Like all retailers, car dealerships have Black Friday promotions, and the deals that are offered have to be at least good enough to get buyers into showrooms. So, if you do decide to purchase a new vehicle instead of standing in line for a hot deal on a TV or the latest device, you're pretty much guaranteed to save some money.
Many automakers are already advertising deals ahead of Black Friday, with one of the most common being no payments until 2025, which can also be tagged as no payments for 90 days. These types of deals are typically for those with good credit who qualify to finance through the automaker's captive lender and can be found through manufacturers such as Dodge, Chrysler, RAM, Jeep, Mazda, Lexus, and Hyundai. Other dealers are offering money off, especially if you lease, but qualifying also depends on your credit.
So, is Black Friday a good time to buy a car? You may be able to save some money around Black Friday, but you can save a lot more money (depending on what you buy)... if you wait. Likewise, you'll be able to avoid the big crowds... if you wait. Even though more and more dealerships are trying to get in on the Black Friday action, most bargain shoppers have yet to be won over on plunking down so much money in the heat of the moment.
And depending on your credit, not all that fine print may work out for you. While it's possible to lease a car with bad credit, the terms of those deals aren't exactly doorbusters when you have bad credit. Often, the lease deals advertised during Black Friday won't even apply to shoppers who have less-than-perfect credit. With bad credit, you want to look for deals that apply to everyone, like percentage-off deals which are currently being run on the Stellantis family of products including Jeep and RAM, or vehicles with bonus cash that can be applied to your purchase no matter what APR you're assigned.
Are There Black Friday Used Car Deals?
Many independent dealerships that specialize in used cars often have their own Black Friday car sales, but they aren't like the deals offered by automakers at franchised dealerships.
Used cars don't typically qualify for deals with manufacturers unless you're getting a certified pre-owned vehicle, so looking for independent dealers that are pushing promotions may give you an edge in the used car game, especially with many buyers checking out the Black Friday deals on new cars. This could mean more room to negotiate your perfect holiday price on the used car you're looking for.
Why Wait For Great Deals?
If you're debating buying a car on the day after Thanksgiving, consider this: you've already waited this long, can you hold off on buying a car for another three weeks? Not only are the ends of the month among the best times to buy a car but the end of the year is a good time, too.
However, many current model-year vehicles may already be sold out, so getting a good deal whenever possible is always the best choice.
- End of the year manufacturer incentives will only get better... if there are still last year's models left. Remember that a Black Friday sale is still just a sale. The end of the year brings real deals to the world of car buying with deep price cuts and cash-back rebates for models that haven't sold out. However, keep in mind that the end of a model year doesn't necessarily mean the end of the calendar year, and taking advantage of model-year-end deals will be a better bet, no matter when they happen.
- To meet goals for the year, dealers will offer their incentives as January gets closer. It won't truly be crunch time for dealers until December. Take advantage of the best prices that dealerships can offer as they scramble to meet their quotas. This is also the time when automakers start advertising Holiday deals which could be even deeper discounts than Black Friday deals. It really comes down to how badly you need a vehicle, and which deal makes sense for you.
In the true spirit of Thanksgiving, it’s time to be thankful for what we have in life, including your credit. Whether it’s good, bad, or ugly, there’s always a way to build on your credit, including getting an auto loan. A well-managed car loan is a great way to build credit and get better deals in the future!
