This Week's Top Car Deals & Analysis - July 17, 2020

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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.

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, Senior Pricing Analyst - July 17, 2020

CarsDirect was able to uncover some big developments in the realm of new car deals. For example, Toyota cut financing rates yesterday on some of its most popular vehicles. This came just two days after we reported that the brand was being outpaced by competitors amid the worst inventory shortage of any major car brand.

Earlier this week, Ford's reveal of the 2021 Bronco and Bronco Sport captured headlines and caused a mad dash from consumers to make an early reservation. Interestingly, we learned that Ford is already offering 0% financing on Bronco Sports, as well as a flexible 84-month financing option for those looking to buy.

Buyers looking to take advantage of green car deals also learned that Tesla Model Y prices were cut by up to $3,000. That said, conventional crossovers & SUVs can be extremely affordable to lease with the 2020 Chevy Equinox ranking among the cheapest SUVs you can lease at $268/month with as little as $0 due at signing.

Meanwhile, truck shoppers may be surprised to learn that a Chevy Silverado can be as little as $2 more expensive to lease than a Nissan Frontier despite a big difference in MSRP. Opting for a taste of luxury doesn't have to cost you a fortune with the cheapest luxury SUV leases starting at less than $300 a month.

Having said that, offers to help buyers with flexible payments amidst COVID-19 have largely disappeared based on our analysis of programs from over two dozen brands. Discounts for healthcare workers from brands like Honda have also ended even though COVID-19 continues to impact frontline workers across the country.

Buyers willing to wait will find some exciting upcoming vehicles. For example, Jeep previewed a Wrangler concept with a HEMI V8. Nissan revealed its first all-electric SUV, the Ariya. Meanwhile, Toyota unveiled a track-inspired 2021 Corolla Apex Edition and announced that the 2021 Camry will feature Toyota Safety Sense 2.5+.

We also learned that the 2021 Kia Sportage will get a new Nightfall Edition Package. The move comes a week after we reported that the Telluride would get a Nightfall Edition for 2021. Most recently, we discovered that the 2021 Lincoln Aviator will get packaging updates that could influence one's decision on which to buy.

Explore This Month's Top Lease 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

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