Black Friday Deals See Major Changes Due To Pandemic

By

Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

, Senior Pricing Analyst - November 12, 2020

While the coronavirus pandemic has already affected how Americans buy their cars, those looking to take advantage of Black Friday car deals will see some major differences compared to last year. In fact, our analysis of this year's offers has found opportunities to save money by lowering your payment by up to $187/month.

For example, both GMC & Buick are offering 0% APR for 84 months on select models. A year ago, the Buick Enclave featured interest-free financing for up to 72 months. On a $50,000 vehicle, the brand's latest deal can potentially lower the SUV's estimated monthly payment by up to $99/month from $694 to just $595.

There's also the fact that, unlike previous Black Fridays, this year's deals aren't limited to outgoing models. There are surprisingly good rebates on 2021 trucks and 0% APR deals on luxury cars like the new Lexus IS. As of yesterday, Kia is offering a holiday bonus that mainly focuses on 2021 models like the all-new K5.

One of the craziest luxury car deals this year involves an unadvertised $10,000 discount on the 2021 Jaguar F-TYPE for select buyers coming from another Jaguar or a competing brand. If that wasn't good enough, well-qualified buyers can stack the discount with 0% APR for 72 months for unprecedented savings.

Fortunately, you don't have to buy a luxury coupe to get a deal. Subaru is offering 0% APR for 63 months on the 2021 Ascent. A year ago, the best Ascent deal was 0.9% APR for 48 months. In addition to eliminating the cost of interest, this year's offer can reduce the payment on a $35,000 vehicle by $187/month ($556 vs. $743).

Having said all of that, there continues to be an inventory shortage at dealers as a result of production stoppages earlier this year. Supplies are getting better, but manufacturers clearly don't want to let up on the gas when it comes to the pace of sales. Consumers in a position to buy clearly stand to benefit.

Most offers end on November 30.

Top Black Friday Car & SUV Deals »

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

Privacy Policy|Do Not Sell My Personal Information|Terms of Use|Cookie Policy|Disclaimer|
COPYRIGHT 1999-2020 MH Sub I, LLC dba CarsDirect.com