Why July is the best month to buy a car

July looks like it is going to be the best month this year to purchase your new vehicle. With interest rates at an all time low and this years hottest models already on the showroom floor it is going to be a stellar month.

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Lending

Auto finance rates are at an all time low in 2014. Experian reports that the average interest rate for an auto loan has fallen to its lowest average ever. In Ohio, auto financing average is just  3.32%, making the Buckeye State in the top 20 nationally.

Peter Turek, Vice President of Automotive at Transunion had this to say. ““Unless there is a real shock to the economy, we don’t envision auto loan debt levels to drop for quite some time, This is good news for dealers, lenders and consumers, as higher demand for autos will lead to more auto loans, creating incentives for consumers, as auto dealers and auto lenders compete for their business.”

With financing rates at an all time low and credit availability at an all time high it makes it the perfect time to purchase or lease a new vehicle.

 

New Models

Manufacturers have listened and finally started producing the cars you want to buy. New models have made leaps and bound over the old in terms of fuel economy, build quality, and standard features.

At Nissan the 2015 Nissan Altima is already in our showroom. Offer better standard features and the best fuel economy in it’s class, the Altima is a definitely looking good. The Rogue was redesigned in 2014 and highlights the continued growth of a great tech-friendly, fuel-efficient lineup.

Ford has redesigned the F-150 from the bottom up. The F-150 now sits on a military grade aluminium and high strength steel chassis. The new F-150 also has an available 2.7L Turbo engine. Both these changes add up to huge savings in fuel.(not due out till this fall)

Subaru has updated the Legacy and Outback to include all new driver aids. Things like blind spot detection, radar cruise control, and lane departure warning. The Insurance Institute for Highway Safety rates this system the highest in the industry.

Honda has redesigned the Fit this year. This new model offers better fuel economy and better standard features as well as improved fuel economy. The Honda Fit also features the largest interior volume in it’s class.

The 2015 Kia Forte is all new. The update features an all new sportier exterior, with a lot more as standard on the interior. All trims feature Satellite radio, Bluetooth, and audio controls on the steering wheel.

The All-new redesigned 2015 Hyundai Sonata has just started to hit our showroom floor. This redesign features new technology, and more sophisticated styling, all for less money. Seems like a recipe for a winner.

The 2014 Mitsubishi Mirage has redefined utilitarian motoring. This little car features nothing you can’t live without and manages to achieve 40 MPG. Sticker prices starting at $12,995 so it can definitely fit inside your budget.

 

Specials

July features some of the best specials we have ever seen.

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Lease a new 2014 Honda Civic LX sedan automatic for just $99 a month for 36 months.

$2,500 down plus tax, title, doc fees. 12,000 miles per year, Plus first payment. 15 cents ea. mile thereafter. With approved credit.

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Or lease a new 2014 Hyundai Elantra SE auto with the preferred package for just $209 with $0 down for 36 months and we will cover the first three payments

$2,500 down plus tax, title, doc fees. 12,000 miles per year, Plus first payment. 15 cents ea. mile thereafter. With approved credit.

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You can also lease a new 2014 Kia Soul base 1.6L for just $179 a month for 36 months.

$2,500 down plus tax, title, doc fees. 12,000 miles per year, Plus first payment. 15 cents ea. mile thereafter. With approved credit.

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Lastly, lease a new 2014 Nissan Altima 2.5S for just $137 a month for 36 months.

$2,999 down plus tax, title doc fee, acquisition fee, lease cash, acquisition fee, first payment and lease loyalty. 12,000 miles per year. 15 cents per mile thereafter. No security deposit required.

If you are interested in Test Driving any of these models please click to schedule a test drive.

This entry was posted in General by Bryant Keith. Bookmark the permalink.

About Bryant Keith

Digital Marketing Manager at the Waikem Auto Group, an industry recognized progressive dealer group. Self proclaimed digital marketing guru and all around design aficionado. I also enjoy PC Gaming and salt water aquariums.

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