You’ve heard a lot lately about how supply issues have put a damper on new car sales, and even how the used car market is being affected, with prices rising for pre-owned private sales and trade-ins. But a new report from TrueCar.com, a major auto sales data company, is revealing that consumers can get substantial discounts on some available models from a range of manufacturers.
The newest TrueCar price guide, out this month, shows that dealers in the U.S. do have some models from nearly all auto makers in stock, and that, with manufacturer incentives and rebates, buyers can get a new car for much lower than MSRP. In fact, using an “average transaction price” which is generally the price after incentives, TrueCar shows deep discounts for some of the more unusual models on the lot. Take, for example, the 2011 Toyota Avalon, a somewhat upscale version of other sedans from this popular car maker. TrueCar shows an average discount of 6.8% on this model, meaning that if supply shortages put a Camry or Corolla beyond your reach, you could get the same engineering and even more features at a good price. The same goes for the 2011 Honda Accord, which TrueCar rates at a 5.2% discount.
The biggest price cut over MSRP goes to the 2011 Mitsubishi Endeavor, with a colossal 22.2% discount, according to TrueCar’s numbers, resulting in a low average price of just $22,645. Next in line is the Nissan Titan, with a 17.7% discount, so if you are in the market for a truck, this could be the way to go. Other models like the 2011 Mazda Mazda3, with 7.7%, and the 2011 Acura TL, with 9%, offer similar opportunities to score at the dealer’s lot.
The bottom line on all of this is that, with good new car research, a nice down payment, and a good financing strategy, you could walk away with one of these sets of wheels without a debt that will haunt you. Take a look at what’s available near you and demand the best interest rates currently on offer for financing any car, even a coveted Toyota or Honda, today.