True Savings October 22 to 31 — Top Ten Discounts in October 2014
Halloween is approaching, but don’t be scared to visit your local car dealership: Now is a great time to buy a new car because new-for-2015 models are rolling on to lots. And new car shoppers are in for a treat: because dealers are trying to clear their growing inventory, these last few days of October are the perfect time to a great deal on a variety of models.
OpenRoad Lending’s Auto Buying Service shows the national market average for these vehicles could demonstrate discounts off Manufacturer’s Suggested Retail Pricing (MSRP) as high as 20.8 percent or as much as $7,776 off this month’s ten selections. If you’re able to contribute a 20 percent down payment, the data also shows what your monthly payment might be when financed for 60 months at a 3 percent APR.
Regardless of whether you’re shopping for something practical or luxurious, a pickup truck or a small car, a luxury sedan or a functional family SUV, if you want to get a great deal on a new car purchase during the month of October, the deals here could help you save thousands off your next new car, thanks to the car-buying incentives available before the end of October.
Looking for a Pickup Truck? Consider the GMC Sierra or Chevrolet Silverado.
The 2014 GMC Sierra 1500 in SLE trim with standard bed and regular cab starts at a Manufacturers Suggested Retail Price of $37,400 and is reduced to a national market average of $29,624 thanks to a potential savings of 20.8 percent, or $7,776 off the suggested MSRP of this work truck. Fuel economy for the four-wheel-drive pickup is rated at 1178 city, 22 highway, and 19.4 combined. Throw in a 20 percent down payment and your monthly payments could be about $426 for 60 months at a 3 percent APR.
The TrueCar national market average of the 2014 Chevrolet Silverado 1500 is $22,650 or about $326 per month after 20 percent down payment. That’s a generous savings of 15.1 percent off — or up to 4,020 less than — the $26,670 MSRP of Chevrolet’s 2WD work truck in 1LT trim when configured with a regular cab and standard-size box. Fuel economy for Chevy’s popular two-wheel-drive pickup is rated at 18 city, 24 highway, and 20.9 combined, making the cost of fuel light on the wallet as well.
Looking For Something More Practical For Passengers? Consider the Fiat 500, Chevrolet Cruze, or Honda Accord
Even though the 2014 Fiat 500L Pop hatchback’s original MSRP starts at $20,045, its potential savings of 13.5 percent translates to $2,702 — bringing the national market average price of Fiats’s iconic little carlet down to a super affordable $17,343. This long-wheelbase version of the subcompact Fiat Pop has a little more room inside and is powered by a 135-horsepower 1.4-liter turbocharged engine boasting fuel economy of 25 mpg city and 33 mpg highway and 28.8 combined. After putting 20 percent down, monthly payments on the sporty little Fiat can be as low as $249, among the most affordable of the cars on this list.
The 2014 Chevrolet Cruze is the most affordable car this month, thanks to a TrueCar national market average of $15,567. That’s a potential savings of 15.1 percent — or up to $2,778 — less than the already inexpensive $18,345 MSRP of Chevrolet’s popular small sedan in LS trim with manual transmission. Put 20 percent down, and monthly payments are a super-wallet-friendly $224 per month for 60 months at a 3 percent annual percentage rate. Fuel economy is rated at 25 city, 36 highway, and 30.1 combined.
The 2014 Honda Accord boasts an excellent reputation for safety, resale, and reliability, as well as a potential discount of 8.1 percent. The Accord midsize sedan starts with an MSRP of $29,060, but its average market price is $2,359 lower at $26,701 in EX-L trim with CVT; that boils down to a monthly payment of about $384 after a 20 percent down payment. Fuel economy for Honda’s five-seat sedan is the best of any vehicle on this list, coming in at 27 city, 36 highway, and 31.1 combined.
Sport Utility Vehicles offer flexible space for both people and cargo! Why not take a look at the Ford Edge, Jeep Compass, or Volkswagen Tiguan?
The 2014 Ford Edge carries an average price paid of $26,457; that’s 14.5 percent — or as much as $4,488 less than the $30,495 MSRP of Ford’s AWD midsize sport/utility vehicle in SE trim. Offer a 20 percent down payment, and your monthly payments could be about $380 for 60 months. Recently redesigned, the 2014 Ford Edge provides seating for five plus storage in the wayback that holds 34.3 cubic feet of cargo, making it just right for small groups and all their stuff.
The 2014 Jeep Compass small SUV offers a great potential discount of up to 13.5 percent. That translates into a terrific savings of as much as $2,908, bringing the MSRP of Jeep’s 4×2 Compass Altitude Edition from $21,585 down to a more-wallet-friendly market average price of $18,677. Add in fuel economy of 22 mpg city, 27 mpg highway, and 24.5 mpg combined, plus an estimated monthly payment of $268, and the Compass equals one super-affordable crossover.
The 2014 Volkswagen Tiguan offers a potential discount of up to 5.5 percent. That translates into a potential savings of as much as $1,552, bringing the MSRP of Volkswagen’s two-wheel-drive five-passenger SUV in SE trim from $28,205 down to a wallet-friendly market average price of $26,653. Add its excellent fuel economy of 21 city, 26 highway, and 23.5 combined with an estimated monthly payment of $383, and the Tiguan can slip easily into your budget.
Longing for more luxury? Then perhaps the Mercedes-Benz C-Class or Audi A4 are what you’re looking for.
The 2014 Audi A4 sedan is a sporty luxury car that also offers great highway fuel economy of 32 miles per gallon. Subtract its 12.0 percent discount — or $4,567 potential savings — from its $38,195 MSRP (in Premum Plus trim with 2.0-liter turbocharged engine and front-wheel drive), and you could drive away in Audi’s luxury sedan for a national market average of $33,628. Put down 20 percent, and the monthly payment will be about $483.
The spirited 2014 Mercedes-Benz C250 coupe sports a potential 10.5 percent discount equaling a possible $4,083 savings — bringing the national market average price of this Mercedes-Benz sportster down from an MSRP of $39,125 down to $35,032 — or about $504 per month after a 20 percent down payment.
Will you be Shopping for a New Car Before October Ends?
These deals are available nationwide and demonstrate potential savings on new cars based on the possible discount from the Manufacturers Suggested Retail Price (MSRP). These offers include potential savings from such special offers as manufacturer’s rebates and cash incentives, which helps place them among the greatest opportunities for savings for new car shoppers in the month of October.
In this collection of great deals we are highlighting discounts on a broad assortment of vehicle body styles based on their particular trim level, since potential discounts can vary greatly between the trim levels. So for this edition, the 4WD GMS Sierra 1500 in SLE trim with regular cab and standard box (for example), was the most highly discounted trim of GMC’s entire light-duty 1500 pickup trucks in relation to its MSRP, and with a whopping 20.8 percent potential discount offered the greatest savings potential of all the vehicles on the list.
Market Average Price is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change, but does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees, or any other charges or fees allowed by law. This is a national average, so you may find better pricing based on sales in your local area at your Certified Dealer. Be sure to visit OpenRoad Lending’s Auto Buying Service to view local dealer pricing on any car and to be connected with a local Certified Dealer who will provide you pricing information for the vehicle you are researching.
Once you’ve selected your desired vehicle, request a Certificate to get your negotiation-free Guaranteed Savings (available in most states) off MSRP and streamline the buying process to save you both time and money.
*“Market Average” is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change. This does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees or any other charges or fees allowed by law. **Estimated monthly payments are based on a 3% APR for 60 months with 20% down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state. Actual APR may be subject to credit approval and other factors. These examples are for information purposes only, and are not an offer to lend. See dealer/lender for details, including actual available offers. (Data is provided by TrueCar.com, which powers the TrueCar Auto Buying Program.)