TrueCar Shares Best Cash, Lease and Finance Deals on New Vehicles for April 2021

Rhea-AI Summary

TrueCar, Inc. (NASDAQ: TRUE) has released its April 2021 list of best cash, lease, and finance deals on new cars amid a market where demand exceeds supply. Lead Industry Analyst Nick Woolard highlights the challenge of finding savings, noting that more vehicles are selling at or above MSRP. TrueCar's offerings include significant savings opportunities; for instance, the Audi Q7 shows a cash offer increase of 41% from last month, while the Chevrolet Silverado 1500's lease offer has risen by 25%. As of April 20, 2021, these deals reflect current market trends.

Positive

• Significant cash offer increases for vehicles, such as: Audi Q7 +41%, Mazda CX-5 +17%, Chevrolet Blazer +9%.
• Leasing options provide savings: Silverado 1500 +25%, Subaru Crosstrek +18%, and Volkswagen Atlas +2%.
• Finance offers also show strong savings: Mazda CX-9 +22%, Hyundai Elantra +14%, and Toyota RAV4 +7%.

Negative

• Increased vehicle prices with many selling at or above MSRP, limiting consumer savings.
• Market supply issues leading to fewer savings opportunities for consumers.

SANTA MONICA, Calif., April 22, 2021 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, shares its list of best cash, lease and finance deals on new cars for April 2021.

"With demand surpassing the supply of new cars on dealer lots, savings are harder to come by right now. In fact, we're seeing an uptick of vehicles selling at or above MSRP.  Consumers will want to cast a wider net and act fast if they find a vehicle that they want," said Nick Woolard, Lead Industry Analyst for TrueCar.

TrueCar's list of best cash, lease and finance deals can help consumers cut through the noise and identify some of the best opportunities for savings in the market right now.  

Best Cash, Lease and Finance Deals on New Cars
TrueCar takes a data-driven approach to deals, assessing deals across popular models, and at each incentive type (cash, lease, finance), and comparing these offers to the prior month and prior six months to surface the best monthly offers.  

Cash
1.		Audi Q7 (Prem Midsize Utility)
		Avg. MSRP: $67,563
		Avg. Paid: $63,134
		Why this is a good deal:  The average cash offer on this vehicle is $3,399, up 41% from last month and represents savings of 5% off MSRP.
2.		Mazda CX-5 (Compact Utility)
		Avg. MSRP: $32,016
		Avg. Paid: $30,366
		Why this is a good deal:  The average cash offer on this vehicle is $1,381, up 17% from last month and represents savings of 4% off MSRP.
3.		Lincoln Aviator (Prem Midsize Utility)
		Avg. MSRP: $72,628
		Avg. Paid: $66,592
		Why this is a good deal:  The average cash offer on this vehicle is $1,540, up 14% from last month and represents savings of 2% off MSRP.
4.		Chevrolet Blazer (Midsize Utility)
		Avg. MSRP: $41,837
		Avg. Paid: $37,875
		Why this is a good deal:  The average cash offer on this vehicle is $4,344, up 9% from last month and represents savings of 10% off MSRP.
5.		Chevrolet Malibu (Midsize Car)
		Avg. MSRP: $26,486
		Avg. Paid: $23,577
		Why this is a good deal:  The average cash offer on this vehicle is $4,047, up 9% from last month and represents savings of 15% off MSRP.
Lease
1.		Chevrolet Silverado 1500 (Fullsize Pickup)
		Avg. MSRP: $50,274
		Avg. Paid: $44,304
		Why this is a good deal:  The average lease offer on this vehicle is $7,638, up 25% from last month and represents savings of 15% off MSRP.
2.		Subaru Crosstrek (Subcompact Utility)
		Avg. MSRP: $29,329
		Avg. Paid: $26,758
		Why this is a good deal:  The average lease offer on this vehicle is $2,939, up 18% from last month and represents savings of 10% off MSRP.
3.		Honda Odyssey (Minivan)
		Avg. MSRP: $40,878
		Avg. Paid: $37,882
		Why this is a good deal:  The average lease offer on this vehicle is $1,818, up 14% from last month and represents savings of 4% off MSRP.
4.		Subaru Outback (Midsize Utility)
		Avg. MSRP: $36,645
		Avg. Paid: $33,136
		Why this is a good deal:  The average lease offer on this vehicle is $3,553, up 11% from last month and represents savings of 10% off MSRP.
5.		Volkswagen Atlas (Midsize Utility)
		Avg. MSRP: $45,430
		Avg. Paid: $42,654
		Why this is a good deal:  The average lease offer on this vehicle is $3,445, up 2% from last month and represents savings of 8% off MSRP.
Finance
1.		Mazda CX-9 (Midsize Utility)
		Avg. MSRP: $42,278
		Avg. Paid: $39,399
		Why this is a good deal:  The average finance offer on this vehicle is $5,360, up 22% from last month and represents savings of 13% off MSRP.
2.		Mazda CX-30 (Subcompact Utility)
		Avg. MSRP: $27,957
		Avg. Paid: $26,924
		Why this is a good deal:  The average finance offer on this vehicle is $3,140, up 15% from last month and represents savings of 11% off MSRP.
3.		Hyundai Elantra (Compact Car)
		Avg. MSRP: $22,883
		Avg. Paid: $21,286
		Why this is a good deal:  The average finance offer on this vehicle is $2,971, up 14% from last month and represents savings of 13% off MSRP.
4.		Volkswagen Jetta (Compact Car)
		Avg. MSRP: $24,670
		Avg. Paid: $23,675
		Why this is a good deal:  The average finance offer on this vehicle is $3,258, up 11% from last month and represents savings of 13% off MSRP.
5.		Toyota RAV4 (Compact Utility)
		Avg. MSRP: $32,495
		Avg. Paid: $30,095
		Why this is a good deal:  The average finance offer on this vehicle is $2,490, up 7% from last month and represents savings of 8% off MSRP.

Visit the

TrueCar Blog

for vehicle descriptions and photos.

Pricing and savings information is based on transaction data available to TrueCar as of 4/20/2021. Average cash, lease and finance savings are subject to change and individual savings may vary by factors such as location, individual vehicle attributes, dealer, credit approval, credit score, APR, applied residual value, amount financed and term.  Average lease and finance payments are may vary based on similar factors as well as down payment. Average finance and lease savings based on an assumed 4.15% APR and ALG residual value benchmarks.

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About TrueCar
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry's most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new and used cars – all with a clear view of what's a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam's Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with an office in Austin, Texas.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) Email: pr@truecar.com

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SOURCE TrueCar, Inc.

FAQ

What are the best cash deals for new cars in April 2021?

The top cash deals include the Audi Q7 with an average cash offer of $3,399, the Mazda CX-5 at $1,381, and the Chevrolet Malibu at $4,047.

What are the top lease deals on new vehicles for April 2021?

Chevrolet Silverado 1500 offers a lease deal of $7,638, Subaru Crosstrek at $2,939, and Honda Odyssey at $1,818.

What are the best finance offers for new cars for April 2021?

Best finance deals include the Mazda CX-9 at $5,360, Mazda CX-30 at $3,140, and Volkswagen Jetta at $3,258.

How does the demand for new cars affect TrueCar's offerings?

TrueCar reports that increased demand is leading to fewer savings opportunities, as many cars are being sold at or above MSRP.

When was TrueCar's list of best cash, lease, and finance deals released?

The list was released on April 22, 2021.