Better Buy That New Car Now, Warns Edmunds

April 9, 2011
2011 Cadillac SRX

2011 Cadillac SRX

Just when the economy seems to be ticking ever so slowly up, consumers looking to replace the family buggy with something new have another worry to contend with. Make that two worries: shrinking supply and vanishing good deals.

At least, that’s what Edmunds warns in a press release issued April 8. Jeremy Anwyl, CEO, said “Given the situation in Japan, we expect product shortages for some models could arise in May. This year, it won’t make sense for car shoppers to wait until summer to get the best deals.”

The caution may well be warranted, since the U.S. supply of new vehicles will be impacted by parts shortages affecting nearly all domestic manufacturers. U.S. availability of Japanese vehicles built here as well as those built in Japan will also be affected.

There appears to be no time like the present to secure the best deal you can garner on the car of your choice, especially if you're in the market for the best family sedan.

Current new car lease deals

Indeed, some of the new car best deals right now may be in leasing, with various manufacturers offering zero-percent financing. Of course, leases are for specific makes/models and some include added packages. All expire May 2, 2011.

The 2011 Volkswagen Jetta SE with five-speed manual transmission and Convenience Package is offered for lease with $1,999 due at signing and $179 per month for 39 months.

Check out the mid-size 2011 Honda Accord LX sedan, available to well-qualified customers for zero down and $250 per month for 36 months.

How about the 2011 BMW 328i xDrive? It’s $369 per month for 27 months with $3,594 due at signing.

Lease the 2011 Buick LaCrosse CXL for $394 per month for 39 months, also with zero down.

There's also the 2011 Cadillac SRX luxury crossover, with a lease deal of $489 per month and zero due at signing -- but only if you're well-qualified.

Current new car purchase incentives

As for purchase incentives, there are a few available now – but they expire May 2, 2011. Again, shop around, and check out zero-percent or low 0.9 percent APR and/or cash-back deals.

Well-qualified buyers can get behind the wheel of the 2011 Kia Sedona minivan with an attractive 0.9 percent financing for 39 months – and get $2,000 cash back.

Qualified buyers of the mid-size 2011 Chevrolet Malibu family sedan can choose from either $2,500 cash back or 0% APR for 60 months.

Want a little luxury in an affordable crossover? Check out the zero-percent financing for up to 60 months or $2,000 cash back on the 2011 Buick Enclave.

Looking for a car for your teen or an extra family car to serve as a commuter? The 2011 Mazda MAZDA2 subcompact offers qualified buyers zero-percent financing for up to 60 months.

Trucks have some good purchase incentives right now as well, including the 2011 GMC Sierra 1500 (crew and extended cab models). Lease the GMC Sierra 1500 through Ally Financial (GM’s financing arm), and get up to $4,505 cash back.

Still think you want to play the waiting game – and hope that automakers will pony up big discounts and incentives come the end of summer?

Better not count on that strategy. If you can, make your best deal now, or be prepared to bide your time until things get somewhat back to normal.

For detailed reviews on all of the models mentioned – and any others you’re interested in – see TheCarConnection.

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[Business Wire, U.S. News]

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