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Expect Deals on New 2015 Car Models

Oct. 9, 2014 Kiplinger

This fall should be a very good time to buy a 2015 car or truck. Vehicle sales have heated up over the past few years, fueled by a healthier economy and low interest rates. Now automakers are fighting tooth and nail for market share. Look for cash incentives in addition to low-rate financing on more vehicles. Carmakers will also dole out dealer cash—which dealers can pass on to you.

For an even sweeter deal, shop for a 2014 model. As the new models stream into showrooms, dealers will be anxious to clear their lots. Look for average discounts to approach 10% off sticker prices by year-end. You’ll find the biggest bargains on cars that buyers are steering clear of. That includes compact and midsize sedans, thanks to gas prices that were recently at their lowest levels in four years. (Buyers have been migrating to crossovers.) Lease deals are also abundant on the 2014s. For $200 or less a month, you could recently lease a Honda Accord, Hyundai Elantra, Nissan Altima or Mazda3.

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