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

Rhea-AI Summary

TrueCar, Inc. (NASDAQ: TRUE) highlighted notable cash, lease, and finance deals for new cars in July 2021. With ongoing inventory shortages, TrueCar identifies significant savings opportunities, particularly in the compact segment. Top cash deals include the Chevrolet Bolt EV with 16% off MSRP and the Dodge Journey with similar savings. For leasing, the Nissan LEAF offers 35% savings, while financing options showcase the Nissan Murano saving 15%. TrueCar's analysis aims to guide consumers through the best available offers in the current market.

Positive

• Identified significant savings opportunities for consumers across various segments.
• Top cash savings include 16% off MSRP for Chevrolet Bolt EV and Dodge Journey.
• Nissan LEAF offers 35% savings for lease options, attracting budget-conscious buyers.
• Strong financing deals available, such as the Nissan Murano with 15% off MSRP.

Negative

• None.

SANTA MONICA, Calif., July 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 July 2021.

"With continued inventory shortages it's a seller's market but that doesn't mean there are no deals to be found," said Nick Woolard, Lead Industry Analyst for TrueCar. "This month we are seeing deals across segments with the compact segment showing the best savings," added Woolard.

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.		Chevrolet Bolt EV (Electric)
		Avg. MSRP: $39,733
		Avg. Paid: $33,365
		Why this is a good deal: The average cash offer on this vehicle is $6,428 representing savings of 16% off MSRP.
2.		Dodge Journey (Midsize Utility)
		Avg. MSRP: $26,921
		Avg. Paid: $24,683
		Why this is a good deal: The average cash offer on this vehicle is $4,299 representing savings of 16% off MSRP.
3.		Toyota Prius Prime (Compact Car)
		Avg. MSRP: $32,269
		Avg. Paid: $28,390
		Why this is a good deal: The average cash offer on this vehicle is $4,773 representing savings of 15% off MSRP.
4.		Buick Encore (Micro Utility)
		Avg. MSRP: $27,189
		Avg. Paid: $23,792
		Why this is a good deal: The average cash offer on this vehicle is $2,701 representing savings of 10% off MSRP.
5.		Chevrolet Equinox (Compact Utility)
		Avg. MSRP: $31,321
		Avg. Paid: $29,539
		Why this is a good deal: The average cash offer on this vehicle is $2,721 representing savings of 9% off MSRP.
Lease
1.		Lexus NX 300 (Prem Compact Utility)
		Avg. MSRP: $43,721
		Avg. Paid: $41,369
		Why this is a good deal: The average lease offer on this vehicle is $4,451 representing savings of 10% off MSRP.
2.		Lexus RX 350 (Prem Midsize Utility)
		Avg. MSRP: $55,349
		Avg. Paid: $52,081
		Why this is a good deal: The average lease offer on this vehicle is $5,237 representing savings of 9% off MSRP.
3.		Nissan LEAF (Compact Car)
		Avg. MSRP: $40,455
		Avg. Paid: $32,675
		Why this is a good deal: The average lease offer on this vehicle is $14,173 representing savings of 35% off MSRP.
4.		Cadillac XT5 (Prem Midsize Utility)
		Avg. MSRP: $55,438
		Avg. Paid: $51,789
		Why this is a good deal: The average lease offer on this vehicle is $11,403 representing savings of 21% off MSRP.
5.		Hyundai Kona (Micro Utility)
		Avg. MSRP: $28,152
		Avg. Paid: $26,894
		Why this is a good deal: The average lease offer on this vehicle is $5,484 representing savings of 19% off MSRP.
Finance
1.		Nissan Murano (Midsize Utility)
		Avg. MSRP: $42,014
		Avg. Paid: $37,788
		Why this is a good deal: The average finance offer on this vehicle is $6,185 representing savings of 15% off MSRP.
2.		Kia Sportage (Compact Utility)
		Avg. MSRP: $29,422
		Avg. Paid: $26,827
		Why this is a good deal: The average finance offer on this vehicle is $4,205 representing savings of 14% off MSRP.
3.		Dodge Challenger (Sporty)
		Avg. MSRP: $43,578
		Avg. Paid: $40,780
		Why this is a good deal: The average finance offer on this vehicle is $5,779 representing savings of 13% off MSRP.
4.		Jeep Grand Cherokee (Midsize Utility)
		Avg. MSRP: $46,911
		Avg. Paid: $44,467
		Why this is a good deal: The average finance offer on this vehicle is $6,092 representing savings of 13% off MSRP.
5.		Chevrolet Traverse (Midsize Utility)
		Avg. MSRP: $42,084
		Avg. Paid: $39,941
		Why this is a good deal: The average finance offer on this vehicle is $5,393 representing savings of 13% 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 7/20/2021. 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.

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.

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)

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SOURCE TrueCar, Inc.

FAQ

What were TrueCar's best cash deals for July 2021?

TrueCar's top cash deals include the Chevrolet Bolt EV, Dodge Journey, Toyota Prius Prime, Buick Encore, and Chevrolet Equinox, with savings ranging from 9% to 16% off MSRP.

What are the best lease deals offered by TrueCar in July 2021?

The best lease deals include the Nissan LEAF with 35% off MSRP, Lexus NX 300 with 10% off, and Cadillac XT5 with 21% off.

What finance deals did TrueCar report for July 2021?

Top finance deals include the Nissan Murano with 15% off MSRP, Kia Sportage with 14%, and Dodge Challenger with 13%.

How does TrueCar identify the best car deals?

TrueCar uses a data-driven approach, comparing offers across popular models and analyzing deals over the past months.

What impact do inventory shortages have on car deals according to TrueCar?

TrueCar states inventory shortages create a seller's market, but valuable deals still exist, especially in the compact segment.