Memorial Day weekend kicks off summer—and some of the year’s best car deals! Dealerships clear out older inventory to make way for new models, offering rebates, low APR financing, and lease specials.
Research ahead:
Deals often start weeks early. Check manufacturer sites and tools like Edmunds or CarsDirect for current incentives— expect cash back, 0%-low rates, or military bonuses.
Get pre-approved:
Secure financing from banks or credit unions first to strengthen your negotiating position. New vehicle loan interest of up to $10,000 a year can be deducted, effective for 2025 through 2028. You must purchase the vehicle for personal use and meet other eligibility criteria.
Target outgoing models:
Previous-year vehicles typically receive the largest discounts to clear inventory for new arrivals.
Shop midweek:
Avoid crowded weekends by visiting on Tuesday or Wednesday for more salesperson attention and flexibility.
Negotiate smartly:
Prioritize the outthe- door price over monthly payments alone. Request quotes from multiple dealerships via email.
Test drive thoroughly:
Make sure the car meets your needs, not just the deal.