The 2016 Buick Enclave has one of the best new car finance deals for May 2016

Best New Car Finance Deals and Incentives 2016

May is here and automakers continue to provide new car shoppers with zero percent or low interest finance incentives for some of the best new car finance deals available in 2016.

Along with low interest financing, many manufacturer’s are combining cash back incentives to help clear out the remaining 2015 model year inventory still scattered on many of the dealer’s lots.

Traditionally May marks the beginning of Summer and is a huge sales month for new car dealers. So if you’re in the market to buy a car, May is one of the best times of the year to find large discounts, low interest financing, and a great deal.

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 are subject to vehicle availability, can change without notice, and some incentives may vary depending on the region or area you’re located.

All of the deals on the list offer zero or low-interest finance incentives. There are a couple of manufacturers trying to stand out from the crowd by including a cash back bonus with their program.

There are a couple zero-percent finance deals out there to be had. The 2016 Buick Enclave has 0-percent financing available up to 60 months plus you can get up to $750 bonus cash. Ford is also offering zero-percent financing up to 60 months on the 2016 Ford F-150. If you’re not interested in financing, take a look at the cash back deal on the F-150. There’s up to $9,666 total savings depending on the region you live in PLUS $500 bonus cash available (my advice is to always do the math up front to see which way is the best way to go and which one you can most comfortably afford.)

The next best deal SUV/crossover deal is from Kia on the 2016 Sportage. You can get zero percent financing available for up to 66 months or 1.9 percent for 72 months PLUS $500 bonus cash. If you choose to go with outside financing or pay cash for the vehicle you can opt for the $1,500 cash back offer from Kia.

Toyota has a nice finance offer on the 2016 Toyota Camry. You can get zero percent financing for up to 60 months PLUS $750 in bonus cash. Toyota has this offer running until May 31, 2016.

Is a new luxury car more your style? Mercedes-Benz has 2.99 percent financing available for 24-72 months on their 2016 Mercedes-Benz C-Class. Cadillac is offering 0 percent for 60 months on the 2016 Cadillac ATS PLUS $2,500 bonus cash. Cadillac’s new car finance deal is good until June 30, 2016.

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 vehicle and then figure a fair profit offer from the dealer’s actual cost. To learn more on how to figure what a dealer really paid for a car, read my section on factory invoice vs. true dealer cost.

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.

Best New Car Finance Deals Available Right Now

New Car Best Finance Deal MSRP Avg. Paid Expires
2016 Buick Enclave 0% financing for 60 months PLUS $750 cash back $39,065 – $49,515 $38,744 – $48,546 05/31/2016
2016 Ford F-150 0% financing for up to 60 months (NE, SE, W, NW) OR financing for 66 months in the SW. Cash Back Deal: 6,050 to $9,666 cash back PLUS $500 bonus cash (NE, W, SW, NW) $26,430 – $62,195 $226,089 – $59,198 007/05/2016
2016 Toyota Camry 0% financing for up to 60 months OR 0.9% financing for 72 months (NE, Southern California) | 0% financing available for 72 months in the SE, SW, Midwest, Gulf States Cash Back Deal: $2,000 cash back NE, SW Midwest, Gulf States, Southern California $23,070 – $31,370 $22,764 – $30,663 05/31/2016
2016 Kia Sportage 0% financing available for up to 66 months OR 1.9% for 72 months PLUS $500 bonus cash OR Cash Back Deal = $1,500 Cash Back. $22,150 – $31,490 $22,799 – $31/321 07/05/2016
2016 Mercedes-Benz C-Class 2.99% financing for 24-72 months $38,950 – $73,250 $37,281 – $70,521 05/31/2016
2016 Honda CR-V 0.9% financing for 24-60 months or 1.9% financing for 61-72 months (SE, SW, NW), 0.9% financing for 24-36 months or 1.9% financing for 37-60 months (NE, W). $23,745 – $33,395 $23,607 – $32,862 07/05/2016
2016 Cadillac ATS 0% financing for 60 months PLUS $2,500 bonus cash $33,215 – $62,665 $32,473 – $61,027 06/30/2016
2016 Mazda Mazda3 0% financing for 60 months on Mazda3 sedan and hatchback (NE, SE, Gulf States, Midwest, W) $17,845 – $26,495 $18,103 – $26,361 06/302016
2016 Volkswagen Tiguan 2.9% financing for 72 months 24,890 – 36,420 $24,477 – 35,904 05/31/2016

Source: U.S.News