TrueCar Shares Best End-of-Month Cash, Lease and Finance Deals on New Vehicles for January 2021
01/21/2021 - 10:00 AM
SANTA MONICA, Calif. , Jan. 21, 2021 /PRNewswire/ -- TrueCar , Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, today announced its list of the best end-of-month deals on new and used vehicle purchases and trade-in values for January 2021 .
"New vehicle incentives tend to soften a bit going into a new year, which means it's even more important for car buyers to understand where the deals are," said Nick Woolard , Lead Analyst for TrueCar. "It's often hard to understand whether an advertised offer is a good one, and that's where TrueCar can really help cut through the noise and help consumers compare real price offers with the same money down and terms."
"On the used car front, this is the time of year when we see a lot of used cars being purchased, we're finally seeing used vehicle listing prices go down which is a good sign for consumers looking to buy used and CPO vehicles."
Best Cash, Lease and Finance Deals on New Cars 7.2% off MSRP across all new models.
Cash
1.
Chevrolet Silverado 2500HD (Fullsize Pickup)
Avg. MSRP: $58,377
Avg. Paid: $54,342
Avg. incentive amount: $2,530
Cash incentive: the average cash offer on this vehicle is $2,256, up 66% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 4% off MSRP.
2.
Chevrolet TrailBlazer (Midsize Utility)
Avg. MSRP: $27,437
Avg. Paid: $26,086
Avg. incentive amount: $1,813
Cash incentive: the average cash offer on this vehicle is $1,806, up 48% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 7% off MSRP.
3.
GMC Terrain (Compact Utility)
Avg. MSRP: $35,728
Avg. Paid: $30,282
Avg. incentive amount: $5,598
Cash incentive: the average cash offer on this vehicle is $4,650, up 20% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 16% off MSRP.
4.
Nissan Kicks (Micro Utility)
Avg. MSRP: $22,500
Avg. Paid: $20,533
Avg. incentive amount: $2,681
Cash incentive: the average cash offer on this vehicle is $2,508, up 7% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 12% off MSRP.
5.
Nissan Rogue Sport (Subcompact Utility)
Avg. MSRP: $27,494
Avg. Paid: $23,868
Avg. incentive amount: $3,905
Cash incentive: the average cash offer on this vehicle is $3,641, up 4% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 14% off MSRP.
Lease
1.
Honda Accord (Midsize Car)
Avg. MSRP: $29,502
Avg. Paid: $27,530
Avg. incentive amount: $2,658
Lease incentive: the average lease offer on this vehicle is $3,493, up 30% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 9% off MSRP.
2.
Jeep Gladiator (Midsize Pickup)
Avg. MSRP: $50,058
Avg. Paid: $47,254
Avg. incentive amount: $2,553
Lease incentive: the average lease offer on this vehicle is $6,499, up 26% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savinz
3.
Hyundai Venue (Micro Utility)
Avg. MSRP: $21,140
Avg. Paid: $19,576
Avg. incentive amount: $2,194
Lease incentive: the average lease offer on this vehicle is $3,833, up 14% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 10% off MSRP.
4.
Toyota RAV4 (Compact Utility)
Avg. MSRP: $32,386
Avg. Paid: $30,057
Avg. incentive amount: $2,059
Lease incentive: the average lease offer on this vehicle is $4,215, up 7% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 6% off MSRP.
5.
Honda HR-V (Subcompact Utility)
Avg. MSRP: $25,275
Avg. Paid: $24,498
Avg. incentive amount: $2,761
Lease incentive: the average lease offer on this vehicle is $3,001, up 4% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 11% off MSRP.
Finance
1.
Chevrolet Silverado 1500 (Fullsize Pickup)
Avg. MSRP: $49,828
Avg. Paid: $44,624
Avg. incentive amount: $4,574
Finance incentive: the average finance offer on this vehicle is $8,513, up 51% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 9% off MSRP.
2.
Chevrolet Equinox (Compact Utility)
Avg. MSRP: $31,382
Avg. Paid: $26,921
Avg. incentive amount: $5,264
Finance incentive: the average finance offer on this vehicle is $8,160, up 47% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 17% off MSRP.
3.
Honda Civic (Compact Car)
Avg. MSRP: $24,033
Avg. Paid: $22,790
Avg. incentive amount: $1,994
Finance incentive: the average finance offer on this vehicle is $1,754, up 42% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 8% off MSRP.
4.
Chevrolet Colorado (Midsize Pickup)
Avg. MSRP: $36,528
Avg. Paid: $33,641
Avg. incentive amount: $2,743
Finance incentive: the average finance offer on this vehicle is $5,538, up 38% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 8% off MSRP.
5.
Honda Pilot (Midsize Utility)
Avg. MSRP: $42,569
Avg. Paid: $39,005
Avg. incentive amount: $2,983
Finance incentive: the average finance offer on this vehicle is $3,748, up 29% from last month.
Why this is a good deal: The average incentive across cash, lease and finance represents an average savings of 7% off MSRP.
Visit the TrueCar Blog for vehicle descriptions and photos.
Pricing and savings information is based on transaction data available to TrueCar as of 1/19/2021. Average cash, lease and finance savings are subject to change and individual savings may vary by factors such as location, individual vehicle attributes, dealer, credit approval, credit score, APR, applied residual value, amount financed and term. Average lease and finance payments are may vary based on similar factors as well as down payment. Average finance and lease savings based on an assumed 4.15% APR and ALG residual value benchmarks.
Best Deals on Used Vehicles 3.1% , a larger drop in listing price signals that it's a good deal.
Change in list price calculated as a model average of vehicle level price changes for nationwide listings as of 1/15/2021 compared to the prior month. Individual vehicle price changes may vary based on a variety of factors, including location, individual vehicle attributes and dealer.
Best Deals on Trade-In Values
Brand and Model
Segment
MoM
Ford Super Duty F-450 Chassis Cab
Pickups
-0.2%
Ram ProMaster Cargo Van
Commercial Vans
-0.6%
Ford Transit Cargo Van
Commercial Vans
-0.8%
Porsche 911
Luxury Cars
-0.8%
Ford Econoline Cargo Van
Commercial Vans
-1.2%
BMW X7
Luxury Utility
-1.3%
Chevrolet Express Cargo Van
Commercial Vans
-1.4%
Porsche Boxster
Luxury Cars
-1.5%
Maserati GranTurismo
Luxury Cars
-1.5%
Tesla Model X
Electric
-1.5%
Mercedes-Benz Sprinter Cargo Van
Commercial Vans
-1.5%
Nissan NV200 Compact Cargo
Commercial Vans
-1.5%
Honda Element
Mainstream Utility
-1.6%
Ford Super Duty F-350
Pickups
-1.6%
Ford Transit Passenger Wagon
Commercial Vans
-1.6%
Change in list price calculated as a model average of vehicle level price changes for nationwide listings as of 1/15/2021 compared to the prior month. Individual vehicle price changes may vary based on a variety of factors, including location, individual vehicle attributes and dealer.
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About TrueCar
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SOURCE TrueCar, Inc.
