Best New Car Deals: July 2017

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - July 10, 2017

Summer is heating up and so are new car deals with attractive cashback and financing incentives. Even though the Fourth of July is over and done, automakers are offering discounts worth up to 24% off MSRP and rebates as high as $6,750.

Don’t underestimate the lengths to which car companies will go to get you to switch brands. This month, we’re seeing incentives worth up to $1,500 targeting owners & lessees of a competitor. Major brands are even offering attractive loyalty discounts to help sweeten some already stellar deals.

We’ve listed the best deals on crossovers & SUVs, cars, trucks, minivans and sporty cars. We’ve included top-ranked offers factoring rebates, finance incentives plus discounts that aren’t always advertised.

You don’t have to go searching for the best deal. We’ve already done the work for you. Just use the links to the right to navigate.

Offers can sometimes vary by region and assume a Southern California location unless noted otherwise.

Last updated 5:20 pm Monday, July 10

Best Crossover & SUV Deals This Month

Chevy Trax
  • Best Deal: Up to $3,750 cash
  • MSRP: From $21,895
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 25/33
  • Expires: August 31, 2017

With $3,750 in discounts, the Chevy Trax is the best deal on a subcompact SUV. That equates to a 17.1% discount off the MSRP of a Trax LS, something you’ll never see on a Honda HR-V.

Things get better if you’re eligible for a $1,500 bonus for coming from another GM lease or that of a competitor. Altogether, there’s $5,250 in savings at the moment, equivalent to a 24% discount. Get your custom quote »

Jeep Cherokee
  • Best Deal: Up to $5,000 cashback
  • MSRP: From $24,790
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 21/30
  • Expires: July 31, 2017

Offers on the Cherokee continue to outpace competitors with as much as $5,000 in savings. One local dealer is even advertising prices below $16,000 — cheaper than a new Toyota Corolla. For the best deals, consider versions above the entry-level Sport since they’re eligible for larger discounts.

Alternatively, you can finance at 0% APR for 72 months. This was an offer introduced for Independence Day that has been extended to the end of the month. FCA is even offering 0.9% APR for 84 months, the first time we’ve seen this kind of deal on the Cherokee. Get your custom quote »

Subaru Outback
  • Best Deal: 0% APR for 63 months
  • MSRP: From $26,520
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 25/32
  • Expires: July 31, 2017

Now that the 2018 Outback is on its way to dealers, offers have peaked on the outgoing version. You can now get 0% APR for up to 63 months on any 2017 Outback. This is the first time to date that we’ve seen 0% financing on this model. Now is a great time to buy while the selection is good. Get your custom quote »

Cadillac XT5
  • Best Deal: 1.9% APR + Up to $2,000 cash
  • MSRP: From $40,390
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 19/27
  • Expires: July 31, 2017

Cadillac almost never makes our list, but that’s changed. The automaker has introduced a $2,000 bonus on certain versions of the stylish XT5. To get the best deal, consider a Premium or Platinum model since they’re eligible for the largest discounts. All other versions get a smaller bonus worth $1,000.

Even better, you can combine this month’s offer with 1.9% APR financing for 60 months. If you can handle a shorter loan, you can also take advantage of 0% APR for 36 months. These are the best offers we’ve seen since the model was introduced last year. Get your custom quote »

Research all crossovers with the biggest rebates »

Research all SUVs with the biggest rebates »

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Best Car Deals This Month

Ford Focus
  • Best Deal: Up to $4,500 cash
  • MSRP: From $18,745
  • Passenger Capacity: Up to 5
  • MPG (City/ Hwy): 25/34
  • Expires: October 2, 2017

Late last month, Ford introduced a whopping $4,000 rebate on all versions of the Focus. Even better, you can get an additional $500 when choosing one equipped with an EcoBoost engine. Altogether, that’s $4,500 in savings — and that’s before dealer discounts! You won’t find a larger rebate in this class of vehicle without strings attached. Get your custom quote »

Hyundai Sonata
  • Best Deal: Up to $6,750 cashback
  • MSRP: From $22,785
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 28/36
  • Expires: July 31, 2017

Once again, the 2017 Sonata features up to $6,750 in savings, making it the single largest rebate of any vehicle we’ve been able to find. However, there are some caveats. First, you’ll need to choose a Limited or 2.0T model to get the largest savings. Second, you’ll have to finance through Hyundai to qualify for a $750 bonus.

Other versions are eligible for impressive discounts, too. Eco and Sport models get $4,000, while the entry-level SE gets $3,350. Don’t forget, you can save an additional $750 when financing at non-promotional rates. Now that the 2018 Sonata is starting to arrive, expect to be able to negotiate a great price. Get your custom quote »

Jaguar XE
  • Best Deal: $3,000 cash
  • MSRP: From $35,895
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 21/30
  • Expires: October 2, 2017

The 2017 Jaguar XE is new to our list thanks to a massive $3,000 rebate that you can get when purchasing your car outright or when financing it independently. That’s the single largest discount we’ve seen since the car’s introduction.

Alternatively, you can finance at 1.9% APR for 60 months and take a $1,000 Bonus Credit. Given how competitive rates have been, we suspect buyers may find it makes more sense to take the rebate and finance through their local dealer or a credit union. Get your custom quote »

Volvo S90
  • Best Deal: Up to $5,500 cashback
  • MSRP: From $47,945
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 23/34
  • Expires: August 31, 2017

Offers on the sleek Volvo S90 sedan continue to be very impressive if you’re looking to buy. T6 models are eligible for a $4,500 incentive, while the lower-priced T5 versions get $2,750.

If you’re a current Volvo owner or lessee, you may be eligible for a $1,000 loyalty discount when purchasing your vehicle. Altogether, that’s $5,500 in potential savings, the highest we’ve ever seen on this model. Get your custom quote »

Research all sedans with the biggest rebates »

Research all hatchbacks with the biggest rebates »

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Best Truck Deals This Month

GMC Canyon
  • Best Deal: 0% APR + $750 cash
  • MSRP: From $21,880
  • Passenger Capacity: Up to 2
  • MPG (City/Hwy): Up to 19/26
  • Expires: July 31, 2017

This month, the Canyon benefits from a rare offer of 0% APR for 60 months plus $750 down payment assistance. You won’t find a deal anywhere near that good on a Chevy Colorado. The catch is that it’s a standalone offer you can’t combine with other incentives.

In some regions, you can get a $500 bonus that can be combined with a $1,500 bonus for coming from a competitive lease. Altogether, that’s $2,000 in potential savings on the table, so be sure to weigh your options carefully when you get to the dealer. Get your custom quote »

Research all trucks with the biggest rebates »

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Best Minivan Deals This Month

Toyota Sienna
  • Best Deal: Up to $3,000 cashback
  • MSRP: From $30,710
  • Passenger Capacity: Up to 7
  • MPG (City/Hwy): Up to 19/27
  • Expires: July 31, 2017

Offers on the 2017 Sienna have tended to be quite conservative next to competitors. This month, Toyota has taken the rare step of introducing 0% APR for 72 months. Alternatively, there’s now a whopping $3,000 rebate that equates to an immediate 10% discount off the MSRP of a Sienna L. You won’t see deals that good on a Honda Odyssey anytime soon. Get your custom quote »

Research all minivans with the biggest rebates »

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Best Sports Car Deals This Month

Mazda MX-5 Miata
  • Best Deal: $1,000 cashback
  • MSRP: From $27,270
  • Passenger Capacity: Up to 2
  • MPG (City/Hwy): Up to 26/33
  • Expires: July 31, 2017

This month, the sporty 2017 MX-5 Miata benefits from a brand new $1,000 rebate on all versions equipped with a soft top roof. If you’re a current Mazda owner, you can even take a $500 loyalty bonus for $1,500 in total savings. But there’s a quirk.

The popular new hard top Miata RF is the only version with a financing deal. It’s eligible for 1.9% APR for 60 months as well as this month’s 90 day payment deferral that you’ll find on other models. Either way you choose to have your fun in the sun, these are outstanding deals for this model. Get your custom quote »

Ford Mustang
  • Best Deal: 0% APR + $1,000 trade assist
  • MSRP: From $27,280
  • Passenger Capacity: Up to 4
  • MPG (City/Hwy): Up to 18/27
  • Expires: July 31, 2017

Although the 2017 Mustang continues to feature a $2,000 rebate, the biggest change in our view is a trade-in assistance bonus that can be combined with 0% APR for 72 months.

If you have a vehicle you’re looking to trade-in, Ford will toss in an additional $1,000 bonus to sweeten the deal. This is the first time this year that we’ve seen 0% financing for 72 months in addition to a cash bonus on this model. Get your custom quote »

Research all coupes with the biggest rebates »

Research all convertibles with the biggest rebates »

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All Best New Car Deals in July

Vehicle Type Model Description Best Deal Starting MSRP Expiration Get Quote
Crossover & SUV 2017 Chevrolet Trax Up to $3,750 cash $21,895 8/31/17 Your Price
Crossover & SUV 2017 Jeep Cherokee Up to $5,000 cashback $24,790 7/31/17 Your Price
Crossover & SUV 2017 Subaru Outback 0% APR for 63 months $26,520 7/31/17 Your Price
Crossover & SUV 2017 Cadillac XT5 1.9% APR + Up to $2,000 cash $40,390 7/31/17 Your Price
Car 2017 Ford Focus Up to $4,500 cash $18,745 10/2/17 Your Price
Car 2017 Hyundai Sonata Up to $6,750 cashback $22,785 7/31/17 Your Price
Car 2017 Jaguar XE $3,000 cash $35,895 10/2/17 Your Price
Car 2017 Volvo S90 Up to $5,500 cashback $47,945 8/31/17 Your Price
Truck 2017 GMC Canyon 0% APR + $750 cash $21,880 7/31/17 Your Price
Minivan 2017 Toyota Sienna Up to $3,000 cashback $30,710 7/31/17 Your Price
Sports Car 2017 Mazda MX-5 Miata $1,000 cashback $27,270 7/31/17 Your Price
Sports Car 2017 Ford Mustang 0% APR for 72 months + $1,000 trade assist $27,280 7/31/17 Your Price
Updated July 10

For an easy way to find the best deals, visit the CarsDirect Deals Page for the latest deal-related news and analyses. Browse expert buying advice updated monthly on nearly 300 models for insider insights you'll only find at CarsDirect. Be sure to sign up for email alerts to have the latest deals delivered straight to your inbox.

Offers listed here are based on a resident in Southern California and may be subject to change. Most lease offers are for well-qualified buyers based on available credit and exclude tax, license, title, registration, document fees and insurance. Not all buyers may qualify. Please check with your CarsDirect Trusted Dealer to confirm details and eligibility.

Prefer to lease? See the best lease deals this month »

, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website