Take one look at this month’s incentives, and one thing becomes clear: big incentives are back, finally! Whether you’re buying or leasing, here’s a look at the best car deals in May of 2024.
👉Also:Here’s why Memorial Day car sales will be big!
Contents hide
1 The Best Auto Loan Rate Offers
1.1 0% Financing! Mazda Kia, and VW Bring the Deals
1.2 0.9% APR Offers: Buick, GMC, and Honda Trucks
1.3 1.9% APR Offers: Acura, Subaru, Chevrolet, and GMC
2 The Best Cash Offers in May
3 The Best Lease Deals in May
3.1 Sedans
3.3 Trucks
4 Free Car Buying Help Is Here!
The Best Auto Loan Rate Offers
Seeking to finance your new vehicle with a low interest rate? Given that the average APR for new car loans is now over 9%, securing a low rate isn’t easy. However, these brands are stepping up to the plate with rare offers.
👉 Slash Your Car Loan Interest: Expert Tips for New and Used Car Buyers
0% Financing! Mazda Kia, and VW Bring the Deals
What do automakers do when they seriously need to sell some cars? They bring on zero percent financing. In a serious effort to attract buyers, all of the following models are all advertised for 0% APR in May:
2024 Mazda CX-50, CX-30, CX-5, and CX-90
2024 Kia EV9 and EV6
2023 Nissan Ariya
2024 Ford Edge
2024 Volkswagen Taos
2023 Subaru Solterra EV
This month, multiple Mazda models join a host of others with zero percent APR offers. Subaru’s first EV is also offered at 0% APR, but very slow charging makes it a tough car for road trips.
0.9% APR Offers: Buick, GMC, and Honda Trucks
Get your hands on these models with 0.9% APR for qualified buyers. In May, the Silverado 1500 is the best deal on this list. At today’s truck prices, 0.9% APR will save you A LOT of money in interest!
These are the models advertised with 0.9% APR:
Buick Enclave, Envision, Encore
2024 GMC Terrain
2024 Chevrolet Silverado 1500
2023 Honda Ridgeline
1.9% APR Offers: Acura, Subaru, Chevrolet, and GMC
In May, Chevrolet is joined by Subaru, Nissan, and others as the manufacturers offering 1.9% APR financing deals. Considering that the average new car APR is now approaching 10%, this is a steal.
Chevrolet: Silverado 1500, Equinox, Blazer, Trailblazer
2023 and 2024 GMC Sierra 1500
2024 GMC Acadia
2023 Nissan Rogue
👉 Here’s every automaker’s best financing offers this month.
The Best Cash Offers in May
Cash is king in a high-interest environment. These are the new cars, trucks, and SUVs with the best cash incentives in May.
2023 Kia EV6: $7,500 cash offer
Dodge Charger and Challenger: $3,750 cash allowance; $3,600 cash allowance for remaining 2023 Dodge Durango
Hyundai: $2,500 off the 2024 Santa Cruz
Jeep: 2024 Grand Cherokee: $5,500 cash discount
Ram 1500: Up to $4,000 cash allowance
👉 See ALL of the best APR and cash offers from every major automaker
The Best Lease Deals in May
When it comes to new car incentives, more shoppers are considering a lease as MSRPs soar ever higher. These are the best lease deals this month.
Sedans
Sedans may be out of style, but they’re the most affordable. Check out these sedan lease offers for May 2024:
- Honda Accord: $249 per month for 36 months with $3,499 due
- Honda Civic Sedan: $239 per month for 36 months with $3,399 due
- Hyundai Elantra: $199 per month with $3,499 due
- Hyundai Sonata: $269 per month with $3,499 due
- Subaru Legacy: $269 per month for 36 months with $3,255 due
- Tesla Model 3 RWD: $329 per month for 36 months with $4,500 due
- Toyota Corolla: $259 per month for 39 months with $3,599 due
SUVs & Crossovers
This month, SUV lease deals provide compelling offers for families. With very high interest rates, now is a great time to consider leasing, but only if you get a good deal.
- Chevrolet Equinox: $299/month for 36 months with $1,619 due
- GMC Terrain: $393/month for 39 months with $0 due
- Honda CR-V: $299/month for 36 months with $3,499 due
- Hyundai Palisade: $379/month for 36 months with $3,999 due
- Kia Carnival: $399/month for 24 months with $3,499 due
- Mazda CX-30: $199/month for 36 months with $4,309 due
- Mazda CX-90 (3-row SUV): $359/month for 36 months with $4,679 due
- Subaru Forester: $319/month for 36 months with $2,760 due
- VW Tiguan: $229/month for 36 months with $4,199 due
Trucks
For truck fans, Ram is offering the best truck lease deals this month.Here are the best lease offers in May:
- GMC Sierra 1500 Crew Cab 4WD Elevation: $399 per month for 24 months with $4,209 due
- Honda Ridgeline: $369 per month for 36 months with $3,799 due
- Ford F-150 XLT: $532/month for 48 months with $5,494 due
- Ram 1500 Tradesman Crew Cab 4×4: $279/month for 42 months with $4,309 due
See all of this month’s best truck offers here.
👉 See ALL of the best lease deals from every major automaker
Free Car Buying Help Is Here!
Ready to outsmart the dealerships? Download your 100% free car buying cheat sheets today. From negotiating a deal to leasing a car the smart way, it’s all available for instant download. Get your cheat sheets today!
