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Five Great Labor Day Deals

September 3, 2010

by Sean Tucker

It might be the only time of year that TV commercials tell you the truth.  Our pricing partners at confirm it: Labor Day weekend is a great time to buy a car. 

The best deals of the month may actually be found a few days before the holiday -- but don't be afraid to shop on Labor Day itself.  A dealer who knows that this is your day off, you've devoted it to shopping and you're likely to buy today is likely to do what he can to keep you from going down the street to the competition, even if it means accepting a lower price than he'd like.

This year, manufacturers unhappy with their August sales figures are doing their best to help their dealers on Labor Day.  They've extended quite a few incentives -- including some factory-to-dealer discounts they don't want you to know about -- through Monday.

Here are five that impressed us:

2010 Jeep Grand Cherokee: $5,500 cash back (with a $1,500 dealer incentive), or 0% APR financing for 72 months plus $1,000 cash back

Jeep dealers just need these things off their lots.  Transport trucks loaded with all-new 2011 Grand Cherokees have already begun to roll into dealerships.  Although you're likely to see the new one on the showfloor, chances are your dealer has a lot of 2010 models left on the lot, out of sight, and he'd love for you to take one away.  It's not a bad idea.  The 2010 Grand Cherokee offers a comfortable ride, a proven platform that holds up, and a lot of power for an affordable price.  Jeep is offering up to $5,500 in cash incentives, or a rare combination of an interest-free financing offer and a cash incentive, to help.

2010 Chevrolet Malibu

2010 Chevrolet Malibu

2010 Chevrolet Malibu: $3,000 cash back (up to $5,000 dealer incentive), or 0% APR financing for 60 months

The Chevy Malibu has become an also-ran in the hotly-contested midsize sedan market.  That's sad, because it deserves better.  Hansdome exterior lines, a sharp two-tone interior and the pyschological comfort on OnStar make it worthy of a look before you put down money on an Accord or Camry.  This weekend, Chevy will make it easier with aggressive cash incentives that could take a huge chunk out of the cost of the vehicle.  Take the $3,000 cash back, and talk the dealership into sharing their incentive with you, and you could walk away with a new car for a great price.

2010 Nissan Altima Hybrid

2010 Nissan Altima Hybrid

2010 Nissan Altima Hybrid: $4,500 cash back, or 0% APR for 60 months  

Did you know Nissan made a hybrid?  You can be forgiven if you didn't.  Available in only nine states, it's an easy car to overlook. But the Altima hybrid pairs the Altima's taut handling with the fuel-economy of a hybrid powerplant sourced from Toyota to produce a smart and fun family car.  The only problem, besides scarcity, has been the price.  But price isn't much of a problem this Labor Day weekend, thanks to a pair of deep incentives.

2010 BMW 5-Series 4-door Sedan 550i RWD Side Exterior View

2010 BMW 5-Series 4-door Sedan 550i RWD Side Exterior View

2010 BMW 5 Series or M5: $4,500-$7,000 dealer incentive plus 0.9% APR financing for 60 months

The BMW 5-Series has been one of the world's best driver's cars for many years.  It offers sports car acceleration and handling that defies its size -- yet seats four adults comfortably.  Now, there is a redesigned model coming for 2011...but we'll let you in on a little secret...some in the automotive press think the outgoing model out-handles the new car.  It gets its magic from German chassis tuning, while the 2011 relies more on enhanced electronics.  If you love to drive, you can feel the difference, and you want the 2010 before it's gone.  Labor Day weekend, it's cheaper than ever.

2010 Cadillac CTS Wagon

2010 Cadillac CTS Wagon

2010 Cadillac CTS, CTS-V, or CTS Sport Wagon: 0% APR for 72 months

We'll just take a stand and say it: this is the best American car.  In sedan or wagon form it can corner with the Germans, and in asphalt-rippling CTS-V form it can outrun them in a straight line.  And the short-throw shifter is something you have to feel to understand.  Where does Cadillac get the nerve to discount this thing?  We don't care.  We just hope you buy while they're cheap.

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