There’s no doubt that buying a luxury vehicle will put a bigger dent in your bank account than opting for a more affordable brand. However, budget busting doesn’t have to be part of the luxury car buying process. If you head to the dealership at the right time, you could walk away with hefty savings.
Not everyone has time to do research on demand and pricing trends, and that’s where we come in. We’ve sorted through the data and come up with a list of luxury cars and SUVs that can save you big money if you head to the dealership soon. Don’t just go to any dealership though. Use the U.S. News Best Price Program to find the dealer with the lowest prices near you.
Using data from Kelley Blue Book on days-to-turn and average transaction price, we’ve come up with a list of SUVs that you can get a great deal on now. Days-to-turn means the average number of days it takes a dealer to sell a particular model. The longer it takes, the lower demand is for that vehicle, which means there is a better chance you can negotiate a low price at the dealership. The average transaction price is simply the average take-home price of a particular new model.
Combining these two data points gives you a sense of the buying environment for a particular vehicle. The cars and SUVs on this list have very favorable buying conditions, so if you’re in the market for a new luxury vehicle and want the best deal, now is the time to bring one home.
2016 Mercedes-Benz GLA
Among luxury subcompact SUVs, the Mercedes-Benz GLA is one of the most affordable options right now. It’s also a good buy from a quality standpoint, with punchy engine options, agile handling, and a posh interior.
It’s taking Mercedes dealers nearly three months to sell a GLA, which is one of the slowest turnover rates in the class and twice as long as it was taking them a year ago. Likewise, the average price of the GLA has dipped a bit with the slow demand; it’s now about $6,000 (13 percent) below average for the class.
With sagging demand and lower prices, now is a great time to save big on a new GLA. For the best finance and lease rates in your area this month, visit the Mercedes-Benz deals page. Before you go to the dealership, check out our Best Price Program to find the lowest price near you.
2016 Audi Q3
Another luxury subcompact SUV with good buying conditions this month is the upscale and nimble Audi Q3. All-new last year, the Q3 doesn’t have the space or technology of some rivals like the BMW X1, but you’ll enjoy its lively driving dynamics and premium cabin materials.
Last year at this time, Audi dealers were selling the Q3 in only 25 days, but now it’s taking them 66. Plus, the Q3’s current average transaction price of $37,522 is lower than rivals like the X1 ($39,802) and theLand Rover Range Rover Evoque ($50,220).
You’ll have some negotiating power at the dealership thanks to slowing demand, and even if you’re not a savvy negotiator, the Q3’s low price right now means you’ll probably save some money relative to the competition. Be sure to use our Best Price Program to find the dealer with the lowest prices near you. Also check out this month’s Audi deals for low-interest financing and affordable lease offers.
2016 Audi A3
The Audi A3 is essentially the Q3 in sedan form, and like its SUV sibling, the A3 is engaging to drive and has lots of soft-touch and classy cabin materials. Those who regularly seat adults in the second row, however, may be happier with a larger and more expensive A4 or A5.
Audi’s smallest car has value on its side though, as its starting price of $30,900 is one of the lowest of any luxury small car. Plus, you should be able to negotiate a great deal, considering demand for the A3 has fallen recently. In fact, sales are down nearly 7 percent year over year.
A low starting price and slow sales mean market conditions favor the buyer, so don’t miss this opportunity for a great deal. For the best finance and lease offers this month, check out the Audi deals page. To find the dealer with the lowest price near you, use our Best Price Program.
2016 Volvo XC60
With zippy engine options, long-haul-comfortable seats, lots of cargo space, and excellent safety ratings, the Volvo XC60 doesn’t skimp on quality. Fortunately for you, it’s also one of the most affordable luxury compact SUVs on the market right now.
Even though it has a lot to offer, it’s taking Volvo dealers four months to sell an XC60, which is the slowest rate in the class. Plus, the XC60’s average transaction price has fallen 5 percent in the last year; it’s now almost $3,000 (6 percent) lower than average for a luxury compact SUV.
With slow sales and low prices, this fall is a great time to score a deal on a new XC60. However, before you head to the dealership, locate the best price near you by using our Best Price Program.
2016 Lexus NX
All-new last year, the Lexus NX isn’t the most athletic option in the class, but it has the first-rate cabin and comfortable ride you’d expect of a Lexus, and its predicted reliability rating is strong for a luxury compact SUV. For its combination of quality and long-term value, we named the NX the 2016 Best Luxury Compact SUV for the Money.
The NX was flying off dealer lots when it first hit the market last year, but since then, demand has fallen steadily. It’s currently taking Lexus dealers 59 days to sell an NX, which is over a month longer than the turnover rate a year ago. Prices have fallen by about 3.5 percent in that timespan, and the NX is now $3,500 (8 percent) cheaper than the average luxury compact SUV.
If you’ve been considering an NX for a while, now is a good time to buy. Lower demand means you’ll have a lot of negotiating power at the dealership. Before you go, take a look at our Best Price Program to find which dealer is offering the lowest price near you. Also, visit the NX pricing page for additional buying insights and prices for each NX trim. You’ll find low-interest financing and attractive lease offers on our Lexus deals page.
2016 Lincoln MKC
The 2016 Lincoln MKC offers a smooth and quiet ride, classy cabin materials, comfortable seating, and plenty of technology, and it will make a much smaller dent in your bank account than most other luxury SUVs.
The MKC’s low price is nice ($7,000 below average for the class), and the slow sales it has been experiencing recently will give you more negotiating power at the dealership. It’s currently taking Lincoln dealers 93 days to sell an MKC, which is over a month longer than the normal turnover rate for a luxury compact SUV.
Add it all up, and now is a great time to save big on the MKC. Before you head to the dealership, take a look at our Best Price Program to find the best price near you.
2016 Cadillac SRX
The 2017 Cadillac XT5 recently replaced the SRX in Cadillac’s lineup, so dealers are pushing hard to clear out leftover inventory. That means good deals for buyers. Although the SRX is on its way out, it has plenty to offer, including a potent powertrain, nimble handling, and a classy interior.
It’s currently taking Cadillac dealers 151 days to sell the SRX, which is one of the slowest rates of any mainstream vehicle. Low demand generally equals low prices, and that holds true for the SRX, as its current average transaction price is $10,500 below average for a luxury midsize SUV. The fact that some Cadillac dealers are taking $8,000 off MSRP helps as well.
Now is a great time to get a low price on a Cadillac SRX. Use our Best Price Program to help you find the dealers in your area with the lowest prices. Also, don’t forget to check out this month’s Cadillac dealsfor low-interest financing and affordable lease offers.
2016 Hyundai Genesis
Like the SRX, the spacious, premium, and smooth-riding 2016 Hyundai Genesis is being pushed aside to make room for a new model. In fact, Hyundai is creating a new luxury brand called Genesis, and theG80 will be the successor to the 2016 Hyundai Genesis.
The Genesis’ starting price of $38,750 is one of the lowest of any luxury midsize car, and about $7,000 less than competitors like the Audi A6, Lexus GS, and Cadillac CTS. Plus, in order clear off the outgoing Genesis, Hyundai dealers are offering $3,000 to $5,500 off MSRP, according to Edmunds.
Low starting prices and big additional discounts mean that now is an excellent time for huge savings on the Genesis. For all the best offers, check out this month’s Hyundai deals for low-interest financing and cheap lease deals. Before you head to the dealership, use our Best Price Program to find the dealer in your area with the lowest prices.
2016 Mercedes-Benz E-Class
The 2016 E-Class isn’t as sporty as rivals like the BMW 5 Series, but its luxurious and spacious cabin is sure to impress. On the road, the E-Class is no slouch, as it has a range of punchy engine options, handles corners with composure, and delivers a smooth ride.
With the redesigned 2017 E-Class already on the market, Mercedes dealers are doing their best to push out the 2016 models. Some are even offering $7,000 to $10,000 off MSRP, according to Edmunds. Plus, dealers may be willing to negotiate an even lower price to clear out inventory, considering the 2016 E-Class is sitting on lots for almost four months on average before being sold.
Before you head to the dealership, use our Best Price Program to find the best E-Class price near you. Also, check out this month’s Mercedes-Benz deals for all the best lease and financing offers in your area. For more information on E-Class prices by trim, visit the E-Class pricing page.