This Week's Top Car Deals & Analysis - October 22, 2021

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Automotive Contributor

Cristyn is a member of CarsDirect's Socal-based team of pricing and incentive experts helping uncover must-know insights for car shoppers. A native of Bakersfield, California, Cristyn has a degree in Liberal Arts from Santa Monica College, with over 10 years of experience in the areas of research and data analysis.


, Automotive Contributor - October 22, 2021

Lexus lease prices have exploded. Due to inventory shortages, Lexus lease payments have increased by up to $128. After Lexus also canceled rebates this month, it begs the question: is it worth the wait for their December to Remember event to try to snag a deal?

CA Clean Fuel Reward shrinks by half. As of November 2, 2021, the maximum discount available on all eligible PHEVs and EVs in California will fall from $1,500 to $750. Buyers must take delivery by November 1 to get the full amount.

Ford won't pass along Mach-E tax credit to lessees. In a push to encourage financing via Ford Options Plan, Ford will not offer a $7,500 federal tax credit in the form of "lease cash" to lessees looking to lease a Mach-E.

Ford Mustang Mach-E

2022 Ford Bronco Heritage Edition lease not ideal. Data from a residual value guide shows a 54% residual value on the Bronco Heritage Edition after just 3 years. Lower residual values generally translate to higher lease payments, and the cheapest 4-door base model boasts a 71% residual value.

Ford Bronco reservations halted again. For the second time, Ford has stopped taking reservations for the Bronco and instead encourages consumers to configure a Bronco on Ford's website and to then contact a dealer to place their order.

2022 Hyundai Tucson XRT looks a little sportier. Hyundai adds a new XRT trim to their lineup of Tucson SUVs, offering only an overall sportier appearance of the model. For $900 more, customers can upgrade to the larger Santa Fe XRT, leaving us to wonder why bother with the Tucson XRT at all?

2022 Hyundai Tucson

Jeep Wrangler 4xe sees another price increase. Jeep's high-in-demand 4-door PHEV SUV is now over $4,600 more expensive than when it debuted earlier this year, despite no differences in standard equipment.

Ford F-150 Lightning excluded from loyalty discount. The brand's first electric pickup doesn't qualify for a $2,500 loyalty discount, likely resulting in disappointment among existing customers looking to score a deal on the specialty model.

2022 Ford Mach-E sees steep discount. Ford is offering up to a $2,500 discount for customers willing to finance any version of a new 2022 Mach-E through the Ford Options Plan.

Nissan drops proof of employment requirement. In response to improving economic conditions, Nissan removed the proof of employment requirement for some pre-approved buyers looking to finance a vehicle.

2020 Nissan Rogue

Teslas to get more expensive in CA. Because production of Tesla's built-to-order vehicles has been pushed back to 2022, Tesla customers in California will be largely disqualified from the full $1,500 California Clean Fuel Reward, which is set to be cut in half on November 2, 2021.

Lexus's unusual RX Fall lease deal. For $10 more per month, lessees in western states can opt to lease the larger, more expensive 2022 RX over the outgoing 2021 NX model.

Are 42-month lease deals worth it? Depending on a number of factors, a 42-month lease may be a bad idea in terms of savings. Typically, a longer lease period is indicative of higher fees and lower residual value.

, Automotive Contributor

Cristyn is a member of CarsDirect's Socal-based team of pricing and incentive experts helping uncover must-know insights for car shoppers. A native of Bakersfield, California, Cristyn has a degree in Liberal Arts from Santa Monica College, with over 10 years of experience in the areas of research and data analysis.


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