Buying a new car isn’t a game show, but you can feel like you’re put on the spot. With so many sales and savings options thrown at you, it’s easy to pick a deal, but if you shop around, you might find one that’s better.
Some low interest rate deals in May look enticing, but their terms are limited. If you have to pay a loan off in three years or less, your monthly payments will be much higher than loans that offer the same interest rate for a longer term.
Certain lease deals may also seem attractive, thanks to low monthly payments, but when you take a look at the high down payment and the overall cost, it’s clear that many leases aren’t as good as they seem. Here are some new car deals that look good, and some alternatives that will ultimately save you more money in the long run.