Financing a new car from a dealership.

Best New Car Finance Deals for August 2015

August is a great time to buy a new car. Many automakers are offering low or no interest financing deals to help entice new car shoppers and help dealers clear out inventory to make room for the 2016 models.

Although it rarely happens, a few manufacturers are offering a low interest rate PLUS a cash back incentive in August. You can see these offers on the list provided to you below.

Each month U.S.News sorts through its mass amount of data to bring us the best new car finance deals and incentives available for the current month. Keep in mind, offers can change without notice, some rebates or incentives may vary depending on the region or area where you live.

If you’re in the market for a new sedan, Ford is offering zero percent interest for up to 72 months PLUS $1,000 bonus cash, while Honda is offering 0.9 percent financing on the 2015 Honda Accord for up to five years. Other small cars, like the Nissan Sentra, may be financed for up to six years at zero percent interest as well. If you’re more into the “sporty” look, check out the 2015 finance deal on the Mazda Mazda3. Mazda’s offering zero percent interest on the Mazda3; however, it’s only for a 36 month term.

Retail sales on SUVs and crossovers have been booming in 2015. In attempt to keep the numbers up, automakers have some great deals available. Hyundai has an incredible offer on a brand new 2015 Hyundai Santa Fe. You can ride and drive one for zero percent interest for up to 66 months OR opt take the $2.250 cash back. The 2015 Volkswagen Tiguan has zero percent financing for up to six years for qualified buyers and the 2015 Buick Enclave and 2015 Jeep Cherokee both have zero percent financing for five years. The Cherokee finance deal also includes an additional cash allowance of up to $1,500.

To my surprise, there are no finance incentives on the 2015 Cadillac CTS in August. However, you can get a cash back rebate of $2,000 on a new one. We’ll see at the end of the month if General Motor’s choice effects their monthly sales. BMW, on the other hand, is offering low interest rates of 0.9 to 1.9 percent for 36 to 72 months depending on which 2015 BMW 3-Series model you choose to purchase.

Insider Car Buying Tip

Never start the negotiation process from the Manufacturer’s Suggested Retail Price (MSRP) or sticker price of a new car. First, determine what the dealer actually paid for the car and then figure a fair profit offer from the dealer’s actual cost. To learn more about calculating a fair profit new car offer, read my section on what to offer on a new car.

Best New Car Finance Deals Available in August 2015

New Car Best Finance Deal MSRP Avg. Paid Expires
2015 Buick Enclave 0% financing for up to 60 months $39,050 – $49,305 $38,498 – $48,144 08/31/2015
2015 Honda Accord 0.9% financing for 24-60 months OR 1.9% for 61-72 months $22,105 – $33,630 $21,191 – $31,600 09/07/2015
2015 BMW 3-Series 0.9% to 1.9% financing for 36 to 72 months, depending on model $32,950 – $36,000 $25,185 – $35,452 08/31/2015
2015 Hyundai Santa Fe 0% financing for up to 66 months OR up to $2.250 cash back $24,950 – $36,000 $25,185 – $35,452 08/31/2015
2015 Ford Fusion 0% financing for up to 72 months PLUS $1,000 bonus cash $22,500 – $37,780 $22,260 – $32,002 08/31/2015
2015 Nissan Sentra 0% financing for up to 72 months $16,480 – $20,670 $17,648 – $21,682 08/31/2015
2015 Cadillac CTS $2,000 cash on CTS sedans. Cannot be combined with finance or lease offers $45,345 – $69,900 $44,182 – $67,100 08/31/2015
2015 Mazda Mazda3 0% financing for 36 months $16,945 – $26,595 $17,406 – $26,363 08/31/2015
2015 Jeep Cherokee 0% financing for 60 months PLUS up to $1,500 cash allowance $23,095 – $30,895 $23,814 – $31,090 08/31/2015
2015 Volkswagen Tiguan 0% financing for 72 months PLUS $1,000 VW Reward card $26,255 – $39,625 $25,552 – $37,932 09/07/2015

Source: U.S.News

Competition Between Dealers Always Gets You the Best Price

When negotiating a new car’s price, it’s important to know the dealer invoice price and what other people are paying for the same vehicle in your local area. Otherwise, you won’t know what’s a good price to pay for the vehicle. I highly recommend using an online referral service such as Ryde Shopper and Motor Trend, their quotes will automatically include any discounts or cash-back incentives currently available.

In addition, the above sites will tell you which dealerships in your local area are currently the most flexible with their new car pricing. These sites provide valuable information for anyone thinking about buying or leasing a new car or truck.