Best New Car Deals: February 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 - February 6, 2017

New car deals in February continue to impress with cashback and finance incentives on popular cars and trucks. We’ve found savings worth up to $11,000 off MSRP ahead of Presidents’ Day, as well as zero-percent financing for a limited time. We’ve even uncovered special offers like Supplier Pricing that can save you serious money.

Here you’ll find the best deals this month on crossovers & SUVs, cars, trucks, minivans and sporty cars. We’ve listed the top-ranked offers factoring standard rebates, finance incentives, plus special discounts for coming from a competitor.

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 assume a Southern California location.

Last updated 5:15 pm Monday, February 6

Best Crossover & SUV Deals This Month

Jeep Cherokee
  • Best Deal: Up to $5,000 cashback
  • MSRP: From $24,590
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 21/30
  • Expires: February 28, 2017

If you’re looking for deep discounts, it doesn’t get much better than the 2017 Cherokee. You can now enjoy up to $5,000 cashback when factoring $4,500 in rebates with a $500 bonus for financing at non-promotional rates.

The largest discounts are on Limited, Trailhawk and Overland models. Offers on the more affordable Sport and Latitude models are worth about $500 less. Expecting to get 0% financing? Think again. We haven’t seen any special rates since December. Get your custom quote »

Ford Edge
  • Best Deal: 0% APR for 60 mos + $3,500
  • MSRP: From $29,595
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 21/30
  • Expires: April 3, 2017

Time is running out to get the deal of the year on the 2016 Ford Edge. For a limited time, you can get 0% APR for 60 months and take advantage of a $3,500 finance bonus.

As an alternative, you can opt for as much as $5,000 cash when financing at non-promotional rates. You’ll want to act fast, though— we expect inventory to quickly sell out. Get your custom quote »

Ford Expedition
  • Best Deal: Up to $6,000 cashback
  • MSRP: From $48,320
  • Passenger Capacity: Up to 8
  • MPG (City/Hwy): Up to 15/21
  • Expires: April 3, 2017

With a big redesign reportedly on the way, you can now enjoy up to $6,000 in discounts on the 2017 Expedition. To get the deal, you’ll need to take advantage of $5,250 in rebates and a $750 bonus for financing at non-promotional rates. Alternatively, you can choose 0% APR for 60 months and $3,500 in cash. Don’t forget, that’s all before discounts at your local dealer. Get your custom quote »

Buick Enclave
  • Best Deal: Up to $6,405 off MSRP
  • MSRP: From $39,990
  • Passenger Capacity: Up to 8
  • MPG (City/Hwy): Up to 15/22
  • Expires: February 28, 2017

GM is offering an impressive combination of Supplier Pricing plus a $4,000 bonus on select 2017 Enclaves in stock the longest. On a model equipped with the Leather Group, the automaker says shoppers can enjoy up to $6,405 in potential savings. You won’t find a competitor offering a deal that good anytime soon. 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

Hyundai Veloster
  • Best Deal: Up to $4,500 cashback
  • MSRP: From $18,835
  • Passenger Capacity: Up to 4
  • MPG (City/ Hwy): 27/35
  • Expires: February 28, 2017

The Veloster continues to be a stellar deal with up to $4,500 cashback. Apart from a $4,000 rebate, you can get a $500 conquest bonus just for coming from a competitor.

You can also choose 0% APR for 72 months plus $1,500 cash when factoring a $1,000 finance incentive with this month’s conquest bonus. We’re seeing prices close to $14,000 in some regions when factoring all incentives. Get your custom quote »

Kia Optima
  • Best Deal: 0% APR for 66 mos + $1,500
  • MSRP: From $22,990
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): 28/39
  • Expires: February 28, 2017

You can now get 0% APR for 66 months plus a $1,500 bonus on any 2016 Optima. Fortunately, you can still find a ton of these in stock since the 2017 Optima only went on sale about a month ago.

If you’d prefer not to buy, the 2016 Optima LX ranks as the best lease a midsize car, starting at just $159 for 39 months with $1,999 due at signing. It’s actually cheaper to lease than most compact cars. Get your custom quote »

Cadillac CTS
  • Best Deal: Up to $9,000 cashback
  • MSRP: From $46,555
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): Up to 21/31
  • Expires: February 28, 2017

Offers on the CTS have spiked from $3,000 last month to $7,000 here in February. This is arguably the best time to buy, but time is running out. We anticipate the 2016 model will become very hard to find over the next 30 days.

The story doesn’t end there. You can also take advantage of a $2,000 loyalty bonus available to anyone with a 2003 or newer Cadillac model. Altogether, that’s $9,000 in potential savings— the most we’ve seen to date. 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

Chevrolet Silverado 1500
  • Best Deal: Up to $11,185 off MSRP
  • MSRP: From $28,880
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): 18/24
  • Expires: February 28, 2017

The Chevy Silverado can be a stellar deal with up to $11,185 in potential savings. However, you’ll need to use some creative math to get there. Firstly, GM says shoppers can save an average of $2,935 off MSRP right now at their local dealer.

On top of that, there’s at least $5,500 in factory offers plus a $750 discount when opting for a truck equipped with the All Star Package. Finally, there’s a $2,000 down payment assistance bonus that’s new this month. Altogether, that’s some serious savings that you won’t find from most competitors. Get your custom quote »

GMC Canyon
  • Best Deal: Up to $5,500 off MSRP
  • MSRP: From $21,880
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): 22/30
  • Expires: February 28, 2017

GM has come out of left field with a massive $5,000 bonus on select Canyons in stock the longest. There’s also a whopping $2,000 conquest bonus for anyone currently leasing any competitor. Altogether, that’s $7,000 in potential savings. However, you’ll want to act fast now that the 2017 Canyon is becoming more prevalent on dealer lots. Get your custom quote »

Research all trucks with the biggest rebates »

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Best Minivan Deals This Month

Chrysler Pacifica
  • Best Deal: Up to $4,000 cashback
  • MSRP: From $29,590
  • Passenger Capacity: Up to 8
  • MPG (City/Hwy): 19/28
  • Expires: February 28, 2017

Offers on the Pacifica continue to be extremely aggressive here in California. Chrysler is targeting competitors with a $1,000 conquest bonus, resulting in at least $3,000 in discounts when financing through Chrysler Capital. There’s also a $1,000 bonus for anyone current leasing a competitor, which means you can potentially save up to $4,000 on any new Pacifica this month. Get your custom quote »

Research all minivans with the biggest rebates »

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Best Sports Car Deals This Month

Dodge Challenger
  • Best Deal: 0% APR for 60 mos + $3,000
  • MSRP: From $28,090
  • Passenger Capacity: Up to 5
  • MPG (City/Hwy): 19/30
  • Expires: February 28, 2017

Even though it’s last year’s model, you can still find a good number of 2016 Challengers still left at your local dealer. That’s because the 2017 model went on sale later than most models.

You can now get 0% APR for 60 months plus $2,000 cash on most versions. If you’re currently leasing a competitor, Fiat Chrysler will give you an additional $1,000 for a total of $3,000 on top of 0% financing. Get your custom quote »

Ford Mustang
  • Best Deal: $2,000 cashback
  • MSRP: From $27,280
  • Passenger Capacity: Up to 4
  • MPG (City/Hwy): 22/31
  • Expires: April 3, 2017

You can now get up to $2,000 factory cash on any version of the 2017 Mustang (excluding Shelby models). That’s a fourfold increase in cash over this same time last year. Alternatively, you can opt for 0% APR for 60 months.

We think this probably has a lot to do with the unveiling of the 2018 Mustang. The iconic pony car will gain added efficiency and a lower stance when it goes on sale this fall. It will also lose its entry-level V6, which may result in a higher base price. Get your custom quote »

Research all coupes with the biggest rebates »

Research all convertibles with the biggest rebates »

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All Top-Ranked New Car Deals in February

Vehicle Type Model Description Best Deal MSRP Expiration Get Quote
Crossover & SUV 2017 Jeep Cherokee Up to $5,000 cashback From $24,590 2/28/17 Your Price
Crossover & SUV 2016 Ford Edge 0% APR for 60 months + $3,500 From $29,595 4/3/17 Your Price
Crossover & SUV 2017 Ford Expedition Up to $6,000 cashback From $48,320 4/3/17 Your Price
Crossover & SUV 2017 Buick Enclave Up to $6,405 off MSRP From $39,990 2/28/17 Your Price
Car 2016 Hyundai Veloster Up to $4,500 cashback From $18,835 2/28/17 Your Price
Car 2016 Kia Optima 0% APR for 66 months + $1,500 From $22,990 2/28/17 Your Price
Car 2016 Cadillac CTS Up to $9,000 cashback From $46,555 2/28/17 Your Price
Truck 2017 Chevrolet Silverado 1500 Up to $11,185 off MSRP From $28,880 2/28/17 Your Price
Truck 2016 GMC Canyon Up to $5,500 off MSRP From $21,880 2/28/17 Your Price
Minivan 2017 Chrysler Pacifica Up to $4,000 cashback From $29,590 2/28/17 Your Price
Coupe 2016 Dodge Challenger 0% APR for 60 mos + $3,000 From $28,090 2/28/17 Your Price
Coupe 2017 Ford Mustang $2,000 cashback From $27,280 4/3/17 Your Price
Updated February 6

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