8 Best Car Brands To Buy in June
Car dealers are bringing back attractive offers and incentives this month thanks to a rise in inventory.
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According to Kelley Blue Book, the average new car buyer paid $48,510 in April, and discounts were few and far between. The result was an increase in inventory. This isn’t good for dealerships or automakers, but it’s great for car shoppers.
Car dealers try to keep about 60 selling days’ worth of car stock. Dealers started April with about 74 and ended the month with 76, per KBB. When inventory levels go above 60, automakers will advertise incentives, and dealers may accept lower offers in negotiations.
But the situation isn’t the same for all car brands. For example, KBB noted that Toyota, Lexus and Honda have kept their inventory levels under 60 days, while other brands have well over 100.
Car shopping this month? Here are some of the best APR offers and cash incentives in June 2024.
Tesla
Tesla has two great deals this month. According to RealCarTips, the 2024 Tesla Model Y, which has an MSRP of $44,990, has a low APR offer of 0.99% for 72 months. If you want to lease a Tesla, there’s an excellent deal on the Tesla Model 3 RWD. You can lease this EV for $329 per month for 36 months with $4,500 due at signing, CarEdge reported.
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Volkswagen
The newly added 2024 Volkswagen Taos has a 0% APR offer up to 60 months. The automaker currently doesn’t offer any cash-back rebates, but the 2024 Volkswagen Tiguan and Taos offer good value. According to RealCarTips, lease deals have remained fairly consistent over the past year — the outlet noted that the 2024 ID.4 Pro S offers the best deal in the Northeast with a payment of $535 per month.
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Hyundai
RealCarTips reported that the 2024 Hyundai Kona EV Electric is a newly added vehicle with 48 months at 0.99% APR. CarEdge added that the 2024 Santa Cruz also has a $2,500 cash incentive.
Mazda
Car shoppers can find some of the best bargains through Maza. The 2024 Mazda CX-90, CX-5, CX-50 and CX-50 all have a 0% APR for up to 36 months. If you’re looking to negotiate, CarEdge gave the Mazda3 a “Highly Negotiable” score. There’s currently a 147-day supply for this model.
Kia
The Kia EV6 and EV9 have higher levels of inventory and you’re more likely to negotiate a lower price on these models, according to CarEdge. The automaker also has several deals, including a 0% APR offer for up to 72 months on the 2023 Kia Niro EV and the EV6, 0% APR for up to 60 months on the 2024 Kia Niro EV and EV6 and 0% APR for up to 48 months on the 2024 Kia EV9, RealCarTips reported.
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Chevrolet
The 2024 Chevrolet Traverse LTD, Trailblazer, Malibu, Equinox, Blazer and Silverado 1500 have a 1.9% APR for up to 36 months. CarEdge also added that the Silverado 1500 is “Highly Negotiable,” and there’s also a $5,750 cash offer with a trade-in.
Subaru
The 2023 Subaru WRX recently had an APR change. The model improved from 72 months at 1.9% APR to 0% APR, according to RealCarTips. There’s also 0% APR for up to 72 months on the 2024 and 2023 Solterra.
Ford
Ford recently had an APR change on the 2024 F-150, which decreased from 1.9% to 0%, and a new cash back offer of $1,500, according to RealCarTips. There are also increased cash incentives on several models with low APR rates, including the 2024 Ford Edge ( $2,500 to$4,000) and the 2023 Ford E-Transit ($0 to $7,500).
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This article originally appeared on GOBankingRates.com: 8 Best Car Brands To Buy in June