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

Rhea-AI Summary

TrueCar, Inc. (NASDAQ: TRUE) introduces its top cash, lease, and finance deals for new cars as of November 2021. The report highlights a general decline in average incentive spending due to a microchip shortage, while noting a slight increase in financing incentives. Key deals include:

• Nissan Rogue: Avg. MSRP $32,527, Avg. Paid $30,793, savings of 7%.
• Kia Forte: Avg. MSRP $22,421, Avg. Paid $20,427, savings of 18%.
• Chevrolet Traverse: Avg. MSRP $42,543, Avg. Paid $40,009, savings of 13%.

This information aims to help consumers find the best deals in a competitive market.

Positive

• Introduction of competitive cash, lease, and finance deals for November 2021.
• Highlighting specific vehicles with significant savings for consumers.
• Notable savings percentages up to 18% off MSRP on selected vehicles.

Negative

• Overall average incentive spending is declining due to microchip shortages.
• Potential market impact from ongoing inventory challenges.

SANTA MONICA, Calif., Nov. 18, 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 November 2021.

"With inventory remaining low due to the microchip shortage we continue to see a declining trend in overall average incentive spend. However, within the finance category we are seeing a slight uptick in average incentive spending and this may be an area consumers will want to focus on this month for the best deals," said Nick Woolard, Lead Industry Analyst at 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

Cash

1. Nissan Rogue (Compact Utility)
   Avg. MSRP: $32,527
   Avg. Paid: $30,793
   Why this is a good deal: The average cash offer on this vehicle is $2,176 representing savings of 7% off MSRP.
   
   
2. Nissan Kicks (Micro Utility)
   Avg. MSRP: $23,530
   Avg. Paid: $22,829
   Why this is a good deal: The average cash offer on this vehicle is $1,430 representing savings of 6% off MSRP.
   
   
3. Hyundai Elantra (Compact Car)
   Avg. MSRP: $24,433
   Avg. Paid: $23,348
   Why this is a good deal: The average cash offer on this vehicle is $1,073 representing savings of 4% off MSRP.
   
   
4. Chevrolet Silverado 1500 (Fullsize Pickup)
   Avg. MSRP: $50,563
   Avg. Paid: $46,390
   Why this is a good deal: The average cash offer on this vehicle is $1,817 representing savings of 4% off MSRP.
   
   
5. Mazda CX-30 (Subcompact Utility)
   Avg. MSRP: $30,573
   Avg. Paid: $29,373
   Why this is a good deal: The average cash offer on this vehicle is $1,007 representing savings of 3% off MSRP.

Lease

1. Kia Forte (Compact Car) 
   Avg. MSRP: $22,421
   Avg. Paid: $20,427
   Why this is a good deal: The average lease offer on this vehicle is $3,983 representing savings of 18% off MSRP.
   
   
2. Nissan Altima (Midsize Car) 
   Avg. MSRP: $30,015
   Avg. Paid: $28,132
   Why this is a good deal: The average lease offer on this vehicle is $5,365 representing savings of 18% off MSRP.
   
   
3. Ford Explorer (Midsize Utility) 
   Avg. MSRP: $47,824
   Avg. Paid: $44,414
   Why this is a good deal: The average lease offer on this vehicle is $7,145 representing savings of 15% off MSRP.
   
   
4. Hyundai Sonata (Midsize Car) 
   Avg. MSRP: $31,517
   Avg. Paid: $30,044
   Why this is a good deal: The average lease offer on this vehicle is $4,700 representing savings of 15% off MSRP.
   
   
5. Ford Escape (Compact Utility)  
   Avg. MSRP: $32,939
   Avg. Paid: $29,981
   Why this is a good deal: The average lease offer on this vehicle is $4,466 representing savings of 14% off MSRP.

Finance

1. Chevrolet Traverse (Midsize Utility) 
   Avg. MSRP: $42,543
   Avg. Paid: $40,009
   Why this is a good deal: The average finance offer on this vehicle is $5,619 representing savings of 13% off MSRP.
   
   
2. Jeep Grand Cherokee (Midsize Utility) 
   Avg. MSRP: $50,441
   Avg. Paid: $48,168
   Why this is a good deal: The average finance offer on this vehicle is $6,373 representing savings of 13% off MSRP.
   
   
3. Buick Encore GX (Subcompact Utility) 
   Avg. MSRP: $30,029
   Avg. Paid: $28,161
   Why this is a good deal: The average finance offer on this vehicle is $3,738 representing savings of 12% off MSRP.
   
   
4. Dodge Charger (Fullsize Car) 
   Avg. MSRP: $42,975
   Avg. Paid: $40,297
   Why this is a good deal: The average finance offer on this vehicle is $5,299 representing savings of 12% off MSRP.
   
   
5. Ford F-150 (Fullsize Pickup) 
   Avg. MSRP: $57,196
   Avg. Paid: $50,806
   Why this is a good deal: The average finance offer on this vehicle is $6,266 representing savings of 11% off MSRP.

Visit the TrueCar Blog for vehicle descriptions and photos.

If you're active duty military, veteran or a family member of one, visit TrueCar Military at truecar.com/military for our Military Appreciation Package.

Pricing and savings information is based on transaction data available to TrueCar as of 11/16/2021. 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.

About TrueCar

TrueCar is a leading automotive digital marketplace that enables auto buyers to connect to our nationwide network of Certified Dealers. We are building the industry's most personalized and efficient auto 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 auto buying experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including AARP, Sam's Club, Navy Federal Credit Union and American Express. 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.

 

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SOURCE TrueCar, Inc.

FAQ

What are the best cash deals for new cars from TrueCar in November 2021?

The best cash deals include the Nissan Rogue with savings of 7%, the Nissan Kicks with 6%, and the Hyundai Elantra with 4%.

Which vehicles have the highest lease savings according to TrueCar's November 2021 report?

The Kia Forte and Nissan Altima both offer lease savings of 18%, while the Ford Explorer offers 15% savings.

What trends are affecting TrueCar's incentive spending in November 2021?

Incentive spending is experiencing a decline due to ongoing microchip shortages affecting vehicle inventory.

How does TrueCar determine average cash, lease, and finance savings?

Savings are based on transaction data and vary by factors like location, vehicle attributes, and credit conditions.

What is the significance of TrueCar's report on financing deals for consumers?

TrueCar's report helps consumers identify potential savings in financing options during a time of limited vehicle availability.