Why You Shouldn't Buy A 2018 Camry (For Now)

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 7, 2017

Toyota says it's a great time to buy a 2018 Camry. But is it really? The redesigned sedan has been on sale for about 5 months now but the automaker has thus far held off on introducing cash incentives.

So how is that even possible when there are tens of thousands of cars and when competitors are offering as much as $7,063 in discounts? Here's a look at what you can expect in terms of deals at the moment.

Zero Cash Offers

After months of heavy discounting, the outgoing 2017 Camry has completely sold out. Normally, what happens is that automakers begin ramping up offers on the latest version. That hasn't been the case with the Camry.

We analyzed offers in 12 regions and found none with standard factory rebates. Right now, the best deals involve loan rates as low as 0.9% APR for 72 months plus a $1,000 finance bonus in places like Texas.

Deals for buying your car outright simply haven't ramped up. That said, leases have been quite aggressive. In New York, the Camry can be leased from $189/month in a deal that's among the best leases on a car ahead of Black Friday.

Bad Timing

We think the situation is largely the result of bad timing. Most of the car's competitors are at the height of huge year-end clearance sales on 2017 inventory, creating a rather huge gap in price compared to the all-new Camry.

The 2017 Sonata, close to selling out, offers up to $6,000 cash. The 2017 Malibu features up to $7,063 in potential savings as part of a "20% Off" deal. Kia is offering $4,000 off 2017 Optimas when financing at regular rates.

In the face of deals like this, it's not surprising that Toyota is hesitant to plop down comparable discounts on its latest and greatest offering. So how long will you have to wait for similar deals?

In a month? In two months? Next spring? Sadly, no one can really answer that question at the moment. However, if you're aim is to buy the new Camry, this may be a case in which you should consider waiting for a better deal to come along.

, 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|Terms of Use|Cookie Policy|Disclaimer
COPYRIGHT 1999-2019 MH Sub I, LLC dba CarsDirect.com