- Savvy consumers can take advantage of a number of Labor Day sales incentives to get into a new vehicle, including the 2014 Ford Fusion and Chevrolet Camaro, at considerable savings.
- Ford and Chevrolet got a head start on the holiday by kicking off summer sales that are already underway and run through Labor Day.
- Many other manufacturers are offering finance rates as low as 0 percent, plus a variety of cash incentives.
EL SEGUNDO, California — Savvy consumers can take advantage of a number of Labor Day sales incentives to get into a new vehicle, including the 2014 Ford Fusion and Chevrolet Camaro, at considerable savings.
With manufacturers and dealers trying to clear out current inventories to make room for next year's models, the end-of-summer holiday has traditionally been a great time to strike a deal. And this Labor Day looks to be no exception.
According to personal finance Web site GoBankingRates.com: "With manufacturers scrambling to clear 2014 models from the floor, car buyers who've yet to settle on their next cars and financing packages can take advantage of a number of zero-percent APR and cash-back incentives now available. These deals can help buyers save thousands of dollars on their vehicles — both up front and over the life of their auto loans."
In fact, Ford and Chevrolet got a head start on the holiday by kicking off summer sales that are already underway and run through Labor Day.
Ford's Summer Spectacular Sales Event, which kicked off on July 29 and offers zero-percent financing for 72 months, covers a wide variety of the company's popular 2014 models. Savings can be found on such vehicles as the Fusion, Mustang, C-Max Hybrid, F-150 pickup and Explorer SUV, among others.
The offer does not include the Ford Mustang Shelby GT500 or Boss 302, F-Series, E-Series or Transit Connect. Chevrolet started its Labor Day sale last week, advertising zero-percent financing and no payments for 90 days on select 2014 models, including the Silverado 1500 Crew Cab All Star Edition pickup, Traverse crossover, Cruze sedan, Impala sedan and even the 2014 Camaro.
Meanwhile, Chrysler's end-of-summer specials include a $4,250 cash allowance, zero-percent financing and no payments for 90 days on certain models of the 2014 Chrysler 300. Savings are also being offered on the 2014 Chrysler 200 sedan and Town & Country minivan.
Dodge is offering up to a $2,000 cash allowance on a 2014 Challenger SXT, and buyers can take advantage of zero-percent financing on a 2014 Grand Caravan R/T minivan or get up to a $2,500 cash allowance, among other deals. Dodge will also defer payments for 90 days.
Toyota's Annual Clearance Event provides a number of purchase and lease specials. Consumers in the market for a hybrid will find zero-percent financing for 60 months, plus $500 cash back, on a 2014 Prius. And those looking for a compact SUV can jump on the offer of zero-percent financing for 60 months on a 2014 RAV4.
The Nissan Model Year-End Event advertises zero-percent financing for 72 months and incentives of up to $1,000 on several 2014 vehicles, including the Sentra sedan, Murano crossover and Pathfinder Hybrid SUV. Those in the market for something sportier can expect zero-percent financing and up to $2,000 bonus cash on a 2014 370Z Roadster.
Volkswagen's Summer Sales Event offers a $1,000 Turbocharged Rewards Card with the purchase of any 2014 turbo model, including the Jetta SE, Passat TDI SE and Tiguan SL. In addition, Volkswagen Credit will finance the purchase of a certified pre-owned Volkswagen CC at the rate 0.9 percent for 60 months.
In the luxury-car arena, The Summer of Audi Event provides buyers with finance rates as low as 1.9 percent and various cash incentives on select 2014 models of the A4 and A6 sedans and A5 Cabriolet, as well as special deals on other vehicles. And the Cadillac Summer's Best Event offers zero-percent financing for 60 months on such models as the 2014 CTS sedan or coupe, SRX crossover and Escalade full-size SUV.
Edmunds says: Of course, there are deals to be had on a number of other brands, as well. Many of them end on Tuesday, September 2, the day after Labor Day, so interested shoppers should check with their local dealers soon for details.