The new car market has experienced one of the worst periods of its history, with rising transport costs, the Coronavirus pandemic, a plummeting currency, and record unemployment figures. But for new vehicle buyers, that means there are some extraordinary bargains to be snatched up.
Dealerships and automakers are rewarding their customers with generous cash back bonuses. In some cases, they’re even offering 0% interest rates. Taking advantage of these limited-time offers can save you thousands of dollars on a new car purchase. We’ve done the homework for you by analyzing the best new vehicle deals for the summer.
Best Pickup: 2020 Chevrolet Silverado 1500
Purchase deal: $5,000 cash allowance
Chevrolet has been building iconic pickup trucks for over 100 years, and the 2020 Silverado demonstrates they are on top of their game. Although it doesn’t outsell the Ford F150, the 2020 Silverado remains popular due to its tremendous configurability and options. Not to mention, it’s also one of the best full-size pickups available in a fiercely contested market.
The Silverado lacks the same premium interior finish of its competitors, but its strength is value for money. What the Silverado lacks in finesse, it makes up with being loaded with the latest high-end technology and safety features. The 2020 Silverado comes with more cameras than any other pickup. It has 15 in total, and 20% more cargo space than its competition.
Best Performance Car: 2020 Dodge Challenger
Purchase deal: $7,970 cash allowance
One of the last true muscle cars in today’s market stays true to the formula that makes it turn heads in the 1970s. The two-door coupe flexes on sports cars with its burly proportions, timeless styling, and enough engine options to satisfy any gear head from an ‘entry-level’ 305 hp V6 to the tire-meltingly fun supercharged 797 hp V8.
Despite being built for the drag strip, the 2020 Challenger makes use of a clever suspension setup to ensure a comfortable ride. It is a large, heavy car, weighing almost as much as a minivan, but the steering is nimble enough to handle daily driving duties with ease.
Best SUV: 2020 Jaguar F-PACE
Purchase deal: 0% Interest-free financing for 72 months
The BMW X7 has worn the crown as uncontested king of the luxury SUVs for years, but this year’s summer offer from Jaguar will undoubtedly charm a few buyers with its latest iteration of the F-Pace. It may share DNA with the Land Rover Discovery Sport, but the F-PACE stays true to Jaguars sporting heritage with the top-of-the-range SVR sporting, a supercharged 5.0 liter V8, and all-wheel-drive.
Cruising around town is a relaxing experience, but the compact SUV can stick with any sports sedan or hot hatch in the bends. Factor in the class-leading cargo space, advanced safety features, and Jaguar functional minimalism, and you have got a near-perfect family hauler.
Best Compact Car: 2020 Mazda 3
Purchase deal: 0% interest-free financing for 60 months + $500 bonus cash
It’s admittedly a stretch classifying the Mazda 3 as a compact car as its handsome styling and refined driving experience means it’s better described as a small luxury sports sedan. This obsession with balance that is present in all iconic Japanese cars means the Mazda 3 could be considered underpowered compared to its turbocharged competitors. However, for those wanting a refined, quiet daily driver, it won’t be an issue.
That’s not to say the Mazda 3 is a boring car to drive – far from it. It comes equipped with advanced technology including a torque vectoring system that smooths the transition between pitch and roll when cornering. The driving position is perfect. Road noise has been eliminated enough to allow occupants to take in the 12 speaker Bose premium sound system (if selected as an option). The Mazda 3 may be a small car, but it’s growing up fast.
Best Family Sedan: 2020 Buick Regal TourX
Purchase deal: $4,250 cash allowance + employee discount pricing
SUVs are often the popular choice amongst families and many tend to forget about family sedans. However, automakers like Mercedes, BMW, Volvo, and Buick haven’t abandoned consumers who prefer their cars to be a mixture of sleek styling without compromising on practicality. For those who don’t want to pay Mercedes-Benz or BMW prices, but are in the market for something upscale, the 2020 Buick Regal is the way to go.
All-wheel-drive is standard on most 2020 Buick Regal models and dual-zone climate control comes with every level of trim. The 2020 Regal marks the final version of this popular Buick and is a bargain waiting to be snatched up.
Best Overall Deal: 2020 Cadillac Escalade
Purchase deal: $9,000 cash allowance
Premium SUV buyers are spoiled with choices, but Cadillac makes a compelling case with its ever-popular 2020 Escalade. Cadillac excels in offering a premium finish at any price point. The Escalade’s more than necessary 420 hp V8 engine, brakes, steering, and suspension are responsive enough to never hint that you’re at the wheel of a full-sized SUV.
The current generation Escalade is aging now, and a new model is just around the corner. So, if you’re comfortable negotiating, even better savings might await you. Any trim level you select will come generously loaded with more than enough features to keep the entire family entertained on any road trip.