Black Friday Car Deals 2016
Thanksgiving is just a couple of days away, which means crazy people everywhere are preparing to get up excessively early and stand in line freezing just to save a few bucks thanks to all the seemingly amazing Black Friday sales. For some, Black Friday is a good way to get a jump on Christmas shopping. For others, it’s the day they finally get to land that new big screen in their living room. On the other side of the fence, however, Black Friday can be a great day to skip the mall altogether and look into buying a new car instead. Not everybody can afford to do such a thing so close to the holidays, but there are some really great deals to be had as dealers try to move their remaining stock of 2016 vehicles and get an early jump on selling 2017 models.
Deals include things like cash back, lower interest rates, and other incentives that generally aren’t available any other time of year. Nissan, for instance, is offering up to $10,825 leasing cash on a new lease of the 2016 Nissan Leaf, or $4,000 cash back and interest-free financing for six years if you prefer to purchase instead. Meanwhile, over at Cadillac, you can plant your posterior in a 2016 Cadillac XTS with interest-free financing of six years or $5,500 cash back. Ford has a similar deal for the Ford Fusion Energi that will get you $6,500 cash back or $3,750 cash back and free financing for six years.
These are just a few of the deals, but as you can see, they run pretty deep when it comes to 2016 model. And, in case you are in the market or will be if you see a deal that you can’t resist, we’ve compiled some of the deals available this year in our car guide below. Grab a fresh cup of coffee and check it all out.
Tesla Offering Two-Year Lease for Model S and Model X
Tesla recently fell under criticism for overstating figures for the first and second quarters of 2016. Now, Tesla has announced that for a limited time, you can get a Tesla Model S or Model X under a two-year lease program. And, by limited time, I mean you have to do it by September 12, or you’re out of luck. This obviously drops the cost of owning a Tesla a little bit, but how much?
Well, we looked into it. A Model S under a two-year lease requires a $6,000 down payment, but the $2,500 deposit that is due on ordering is included as part of the down payment. Add in the $695 acquisition fee and the first month’s lease payment of $593 for a total of $4,788 due at signing. This gets you a 24-month term and 10,000 miles per year. This is, of course, for the Model S 60 with rear wheel drive – the least expensive model available. Going with the Model X is a little more expensive. It will set you back $4,925 due at signing with a monthly lease payment of $730.
On top of the initial money spent and the monthly lease payment, you’ll also be required to pay a $395 disposition fee when returning the vehicle. It is also important to know that the vehicle can be returned within the first 90 days of the contract for any reason, and Tesla will waive the remaining lease obligation.
Keep reading for the rest of the story
Luxury automakers love leasing cars, as they make a little money, the buyer gets a complete tax write-off and the company gets a well-maintained car back at the end of the contract. For July 2014, Maserati is giving U.S. customers a new reason to love the Ghibli, as it is offering an enticing lease deal: a three-year lease at a cost of just $799 a month. That’s an incredible deal for a car that carries a $71k MSRP.
The Ghibli is an attractive ride from front to back that’s complemented by a luxurious interior, a powerful engine, and yes, high fuel efficiency. In a lot of ways, it really is the complete package. And with this offer, it is apparent that Maserati is pushing the model hard.
This lease deal affords the leasee 10,000 miles per year and requires $5,249 at signing. Both requirements are rather acceptable for a short-term lease like this.
The promotion is available until July 31, 2014. That’s a little over two weeks from now so it’s probably a good idea to see if you can afford to take up Maserati’s offer.
Click past the jump to read more about the Maserati Ghibli and see how this lease stacks up to others.