Black Friday expected to be the best day in 2011 to buy a car

(November 22, 2011) SANTA MONICA, Calif. — Forget the mall or department store, and the long lines that await shoppers on Black Friday and the upcoming weekend.

TrueCar.com suggests car buyers take advantage of some amazing deals available on 2011 and 2012 models that can save consumers more than 29 percent off a new car.

TrueCar.com has found the best new car deals on vehicles including cash, finance and lease deals available nationwide, and is forecasting that Black Friday, Nov 25, will be the best day of the year to purchase a vehicle, with an average discount of 9.5 percent off the Manufacturers Suggested Retail Price (MSRP). The cash deals reflect the possible discount from MSRP and include manufacturer's rebates and other incentives.

"It's unusual for consumers to think about car shopping during Black Friday but they can expect some of the biggest discounts of the entire year if they were to buy a car that day," said Jesse Toprak, VP of Industry Trends and Insights for TrueCar.com. 

"It's the end of the month, almost the end of the year, manufacturer incentives are at their peak, and dealers are motivated to move units to reach their objectives. Plus, dealers are typically not busy on Black Friday. It's the perfect storm for car buying."

Some examples of discounts available on 2011 and 2012 models include:

Finance Deals

  • 2012 Buick Enclave - 1.9% financing for up to 60 months (Expires: 1/12/2012)
  • 2012 Honda Civic – 1.9% financing for up to 36 months (Expires: 11/30/2011)
  • 2012 Nissan Altima – 0% financing for 60 months (Expires: 11/30/2011)
  • 2012 Toyota Sienna – 1.9% financing for up to 60 months (Expires: 11/30/2011)
  • 2012 Volkswagen Tiguan – 0.9% financing for up to 60 months (Expires: 11/30/2011)

Lease Deals

  • 2012 BMW 1 Series - $349 per month for 36 months with $3,594 due at signing and 10,000 miles annually (Expires: 11/30/2011)
  • 2012 Chevrolet Cruze $169 per month for 39 months with $659 due at signing and 12,000 miles annually (Expires: 1/3/2012)
  • 2012 Honda Odyssey – $350 per month for 35 months with $0 due at signing and 12,000 miles annually (Expires: 1/3/2012)
  • 2011 Hyundai Veloster – $179 per month for 36 months with $1,999 due at signing and 12,000 miles annually (Expires: 11/30/2011)
  • 2012 Kia Forte - $169 per month for 39 months with $2,399 due at signing and 12,000 miles annually (Expires: 1/3/2012)
  • 2012 Volkswagen Tiguan – $339 per month for 36 months with $0 due at signing and 12,000 miles annually (Expires: 11/30/2011)

Cash Deals

 

Year/Make/Model

MSRP

Estimated
Percent
Discount

 

2011 Nissan Titan

$28,385

29%

 

2011 Chevrolet Malibu

$23,735

26%

 

2011 Jeep Liberty

$24,155

19%

 

2011 Chevrolet Corvette

$57,700

18%

 

2011 Lincoln MKZ

$35,520

12%