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Independence Day EV deals are here, but are they any good? These 5 electric car deals offer serious savings.
If you’re in the market for an affordable electric car this July, we’ve got good news: Independence Day EV deals are here in a big way. With high inventory, stagnant sales, and 2025 models incoming, EV shoppers have negotiation leverage like never before. Or, you can let us do the haggling for you.
This Fourth of July, an abundance of low APR specials and lease offers bring the cost of getting into an EV down by thousands of dollars. As we approach Independence Day 2024, these are the 5 best EV deals on the market.
Top 5 Fourth of July EV Deals
2024 Tesla Model Y
With new paint options to choose from (Quicksilver and Ultra Red), refreshed aero wheels, and eligibility for the federal EV tax credit, there’s a lot to love about the Tesla Model Y this summer. If you can get used to the minimalist interior, the Tesla Supercharger network simplifies EV ownership in a huge way.
The Best Deal
Model Y prices have fallen to their lowest ever, now starting at $44,990 before destination for the Rear-Wheel Drive version. With destination fees, you’re looking at $46,630 before taxes.
Although Tesla is no longer offering an APR special, the Model Y has many features that the competitors on this list lack. Considering there was a time when the Model Y’s price started north of $65,000, the price cuts alone are worthy of recognition this July 4th.
Lease Offer: Lease the Tesla Model Y for $449/month for 36 months with $2,999 due
Negotiability Score: Tesla prices are non-negotiable
Starting Price: $46,630 (Rear-Wheel Drive), $49,630 (Long Range All-Wheel Drive)
The Kia EV9 is winning awards, but this 3-row EV remains a slow-seller. Fans of the EV9 can use today’s oversupply to negotiate a great deal. Note that although Kia recently announced the start of US production for the EV9, it’s likely that these VINs haven’t made it to dealerships yet. Once American-made EV9s are on the lot, it’s likely that the generous cash offer below will dry up, since the EV9 is expected to qualify for the federal EV tax credit.
There are still 650 new 2023 Ariya EVs on the market heading into July of 2024. Generally, most reviewers and owners are fans of Nissan’s follow-up to the LEAF, with the main complaints being about the high price for ‘what you get’. It’s not the fastest charging EV on the market, but for those who stick around town most of the time, this could be the Fourth of July EV deal for you.
The Best Deal
0% APR for 72 months + $3,000 cash savings
Lease Offer: Lease the 2023 Nissan Ariya for as low as $99/month for 18 months with $4,089 due. See offer details.
Current Inventory (Market-Day Supply): 80 days – Falling
Negotiability Score: Very High for remaining 2023 models
By percentage of total sales, BMW is the leader in electric sales among legacy automakers. At times, nearly 30% of BMW’s US sales have been EVs like the popular i4 electric sedan. This lease deal is out of this world for a luxury car like this.
The Best Deal
Lease the 2024 BMW i4 eDRIVE35 for just $449/month for 36 months with $4,869 due. See offer details.
Current Inventory (Market-Day Supply): 115 days – Trending higher
The IONIQ 5 is widely seen as the top competitor to the best-selling electric crossover, the Tesla Model Y. With fast charging times, long range, and unique looks, it’s currently the best-selling EV outside of Tesla. This month, Hyundai is offering an unbeatable lease deal.
The Best Deal
Lease the 2024 Hyundai IONIQ 5 SEL for $179/month for 36 months with $4,679 due.See offer details.
Current Inventory (Market-Day Supply): 119 days – Holding steady
Subaru’s first EV was born in a partnership with Toyota. The brand recognition has not been enough to kickstart sales. With sluggish sales and even slower charging speeds, Subaru is offering zero percent financing for up to 72 months. With EV depreciation insanely high, this lease offer is a decent option.
The Best Deal
0% APR for up to 72 months
Lease offers: Lease the 2023 or 2024 Solterra for $329/month with just $329 due at signing. See offer details.
Current Inventory (Market-Day Supply): 95 days – Holding steady
If you’re in the market for a new electric vehicle, Fourth of July weekend is an excellent opportunity to lock in big discounts and amazing financing terms.
However, while these deals provide a strong incentive to purchase, patient EV shoppers can look towards the overall BEST time of the year to buy a car: year-end sales. While Fourth of July deals are attractive, similar EV offers will likely return come November and December.
Independence Day car deals are here, but are they worth your time? These 10 manufacturer incentives are worth the fireworks.
Independence Day car deals are what summer car shoppers have been waiting for, and at last, we’ve got bargains to share. With high inventory, stagnant sales, and 2025 models incoming, car buyers have the upper hand in negotiating. Or, you can let us do the haggling for you.
Low APR specials, cash discounts, and phenomenal lease offers mean that 2024 is officially a buyer’s market. As we approach the holiday, knowing where the deals are can save you thousands. Let’s take a look at 10 Fourth of July car deals worth the test drive.
Top 10 Fourth of July Car Deals
2024 Mazda CX-90
With 2025 CX-90s on the way, Mazda is eager to clear out 2024 inventory. This month, they’re offering an even better APR special. Very rarely can car buyers lock in 0.9% APR for 60 months in 2024. The average new car interest rate is hovering around 10% APR.
Best Deals Available:
0.9% APR for 60 months + $1,500 customer bonus cash + $500 Mazda loyalty reward. See offer details.
Lease offers:
$2,000 Mazda lease to lease incentive, or $1,250 conquest lease incentive
Lease the CX-90 Turbo Select for $339/month for 36 months with $4,649 due
Current Inventory (Market-Day Supply): 196 days – Trending higher
The Kia EV9 is winning awards, but as charging infrastructure struggles to meet demand, sales have been slow to pick up. Fans of the EV9 can use this oversupply to their advantage. Note that although Kia recently announced the start of US production for the EV9, it’s likely that these VINs haven’t made it to dealerships yet. Once American-made EV9s are on the lot, it’s likely that the generous cash offer below will dry up, since the EV9 is expected to qualify for the federal EV tax credit.
The Volkswagen Atlas is much-loved as an affordable family hauler with VW’s classic looks. At 0.9% APR for five years, this is a steal. Plus, Volkswagen even included an incentive for cash buyers. That’s a rarity these days.
This is the best truck deal out there right now. Both the 2024 Nissan Titan and the Titan XD qualify for an unbeatable 0% APR offer for an astounding 60 months. Considering that the average selling price for this truck remains around $57,000, this adds up to thousands of dollars in interest savings over five years.
Best Deals Available:
0% APR for 60 months + $1,500 Nissan loyalty cash + $3,590 total package savings. See offer details.
Lease offers:
Lease offers are less stellar, starting at $589/month for 36 months with $7,489 down.
Current Inventory (Market-Day Supply): 173 days – Holding steady
There are still 650 new 2023 Ariya EVs on the market heading into July of 2024. Generally, most reviewers and owners are fans of Nissan’s follow-up to the LEAF, with the main complaints being about the high price for ‘what you get’. It’s not the fastest charging EV on the market, but for those who stick around town most of the time, this could be the Fourth of July EV deal for you.
Without a doubt, Chevrolet has the best truck lease deals this Fourth of July. With nearly 100,000 new Silverado 1500s on sale today, it’s officially a buyer’s market. If you’re looking to buy, a trade-in gets you up to 10% off MSRP.
Best Deals Available:
$5,750 cash savings (10% below MSRP) for the 2024 Silverado 1500 Crew Cab LT 5.3L. Note: $1,000 of these cash incentives is trade-in assistance. See offer details.
Lease offers:
Lease the 2024 Silverado 1500 Crew Cab 4WD LT w/ TurboMax for $389/month for 36 months with $4,159 due at signing.
Current Inventory (Market-Day Supply): 101 days – Trending higher
The Outback is the best-selling Subaru model in America as of 2024, beating out the Crosstrek just last year. Despite the popularity, Subaru is offering a very competitive financing offer for up to 72 months.
By percentage of total sales, BMW is the leader in electric sales among legacy automakers. At times, nearly 30% of BMW’s US sales have been EVs like the popular i4 electric sedan. This lease deal is out of this world for a luxury car like this.
Best Deals Available:
Lease the 2024 BMW i4 eDRIVE35 for just $449/month for 36 months with $4,869 due at signing. See offer details.
Current Inventory (Market-Day Supply): 115 days – Trending higher
Subaru’s first EV was born in a partnership with Toyota. The brand recognition has not been enough to kickstart sales. With sluggish sales and even slower charging speeds, Subaru is offering zero percent financing for up to 72 months. With EV depreciation insanely high, this lease offer is the best deal for July 4th.
This compact crossover is one of the best lease deals out there, especially for returning Ford lessees. Buyers get 0.9% APR for 60 months. Compared to 2024’s average new car APR of 9.95%, this equals big savings over five years.
The Fourth of July weekend is an excellent opportunity to secure low APR offers, competitive lease deals, and even big cash discounts. Persistent high inventory means that car buyers have the upper hand in 2024’s market.
However, while these deals provide a strong incentive to purchase, patient shoppers can look towards the overall BEST time of the year to buy a car: year-end sales. While Fourth of July deals are attractive, similar offers will likely return come November and December.
Stay informed, shop smart, and follow the deals we’ve outlined here. Happy Independence Day and happy car shopping!
If you’re planning to buy a car this weekend, you might want to reconsider. A major cyberattack has crippled the dealership management systems of CDK Global, affecting thousands of dealerships across the United States and Canada. This disruption is creating chaos at dealerships, with impacts likely lasting through the weekend and potentially into next week. Should you buy a car right now? Here’s why this weekend could be the worst time in recent memory to be stuck at a dealership.
The 2024 Dealership Cyberattack and Its Impact
CDK Global, a major provider of dealership management systems, experienced a cyberattack on June 19, forcing the company to shut down its car dealership software in the U.S. and Canada. This escalation comes just a day after CDK had mostly resolved issues from the attack.
In a statement, CDK alerted its customers: “We continue to act out of caution, and to protect our customers, we have taken down most of our systems. Do not attempt to access the DMS until we can confirm the system is secure. At this time, we do not have an estimated time frame for resolution and therefore our dealers’ systems will not be available for several days.”
Disruption Across Dealerships
CDK’s systems are used by nearly 15,000 auto dealership locations. This shutdown threatens to disrupt thousands of new-vehicle transactions right in the heart of stellar Fourth of July sales. Dealers rely on CDK’s systems for critical functions such as customer relationship management, sales processing, and inventory management. Without these systems, many dealerships are reverting to manual processes, causing long waits for customers, and even the potential for errors.
Todd Szott of Szott Auto Group in Detroit talked to Automotive News about the situation. “We’re kind of going back to old-school pen and paper and finding other systems to do some of the things that we do with the CDK products, as well as just manual processes to continue to serve our customers.”
Avoid Dealerships This Weekend, Or Expect to Wait
Given the widespread impact of the cyberattack, car shoppers should expect a chaotic situation at dealerships. Many dealers are unable to finalize sales, register plates, or complete title work. Some are even struggling to perform basic service tasks due to the inability to locate parts in their systems.
When will the situation be resolved? Car dealerships should be back to normal by the end of the coming week at the latest. Hopefully, much sooner.
Stay informed, stay patient, and consider ‘walking the lot’ instead of heading out with the intent to buy. Unless you’re especially patient, this weekend is the worst time to buy a car.
Check back for the latest updates on the CDK car dealership cyberattack.
In 2022, USAA discontinued their renowned car buying service, leaving many members searching for alternative solutions. First announced in 2020, the changes brought an end to the popular service and TrueCar partnership. So, what are the best alternatives to USAA’s car buying service? We’ll explore three top car concierge services available in 2024.
#1 CarEdge
CarEdge is known for pro-consumer car buying services that take the hassle out of getting a new ride. Many past customers say that CarEdge Concierge is the easiest way to buy a car in 2024.
Pros
Your personal Concierge listens to your needs, finds the perfect car, and negotiates on your behalf
Customers save $3,000 on average with expert negotiation
Members of Navy Federal Credit Union have access to a TrueCar–powered online car search that features upfront pricing. This is a good option for veterans, service members, and their families. However, Navy Federal’s car buying service lacks personalized service and negotiability.
Pros
Free with Navy Federal Credit Union membership. Members must have a connection to the armed forces.
Although Costco is paid by participating dealers, members get access to a trusted dealer network. However, some complain of the usual dealership hassles.
The Best Car Buying Services Offer Unique Strengths
By comparing these alternatives to the USAA car buying service, you can find the best car buying service that fits your needs. Car buyers looking for personalized, pro-consumer service from an experienced Concierge should look no further than CarEdge. Veterans and service members have access to Navy Federal’s car buying service. Costco members might want to consider the wholesaler’s Auto Program but should understand its limitations. No matter which route you choose, the great news is that it’s easier than ever before to come out on top with a car buying service.
As the July 4th holiday approaches, car shoppers can look forward to some of the best lease deals in years. With a surplus of new car inventory and 2025 models arriving, Fourth of July sales are particularly attractive. Plus, leasing is a great way to get into a new car for less, all while avoiding costly financing rates and depreciation. These are the BEST Fourth of July SUV lease specials in June and July of 2024.
Chevrolet July 4th Lease Deals
Chevrolet Trax: $249/month for 24 months with $2,659 due
Chevrolet Trailblazer: $299/month for 36 months with $1,629 due
Chevrolet Equinox: $299/month for 36 months with $1,619 due
Chevrolet Colorado: $467/month for 36 months with $467 due
Silverado 1500: $389/month for 36 months with $4,159 due
Chevrolet Blazer EV: $369/month for 24 months with $1,679 due
Fourth of July Car Specials Are Just the Beginning
July 4th sales events present a GREAT opportunity to lock in competitive lease deals. From best-selling crossovers to full-sized trucks, and more, June and July are full of lease specials. But the savings don’t have to end there…
How does local market data sound? Unlock CarEdge Insights today for unmatched negotiation leverage. Ready for a personalized, hands-off car buying experience? Skip the dealership with CarEdge Concierge, the #1 car buying service in America. Your CarEdge consumer advocates are here to take the pain out of car buying, for good!
CarEdge Insights
![The Best Fourth of July Lease Specials [2024]](https://caredge.com/wp-content/uploads/2023/06/July4-Promotion-1080x675.png)
