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Every Zero Percent Financing Offer For October 2024
If you’re in the market for a new vehicle, October presents an excellent opportunity to take advantage of zero percent financing. Several car manufacturers are offering 0% APR deals across a range of models, making this a perfect time to upgrade your ride without the extra cost of interest. Here are some of the best zero percent financing car deals available this month.
Chevrolet
October brings the best Silverado APR deals in ages. The offer even applies to the new Silverado EV.
- 0% APR for 36 months: 2024 Silverado 1500 and Silverado EV
Dodge
The Hornet is consistently one of the slowest-selling cars in America. Finally, Dodge is offering zero percent APR for the Hornet.
- 0% APR for 72 months for the 2024 Dodge Hornet eAWD
Kia
Kia is offering impressive zero percent financing deals for their electric vehicle lineup this October. These fall car deals include:
- 0% APR for 72 months: 2024 Kia EV9, Kia EV6 and Niro EV
- 0% APR for 48 months: 2024 Sportage, Sorento
Jeep
Following a year of climbing inventory and sluggish sales, Stellantis has unveiled their most widespread incentives in recent memory. All of the following Jeep models are available at zero percent APR for 36 months, with competitive APR offers also available for longer loan terms.
Mazda
This month, Mazda has some of the best APR offers, including zero percent APRs:
- 0% APR for 36 months: 2024 Mazda CX-30, CX-5, CX-50, Mazda3
Looking for another Mazda deal? See this month’s Mazda offers.
Nissan
Nissan continues to offer competitive financing deals, especially on their electric and crossover models:
- 0% APR for 60 months for 2024 Nissan Titan
- 0% APR for 36 months for 2024 Nissan Rogue, Pathfinder
Subaru
Sluggish sales have led to zero percent financing deals for the electric Subaru:
- 0% APR for 72 months: Solterra EV
Looking for another Subaru model? This month, there are low APR financing options for popular models like the Ascent, Forester, and Outback. See all Subaru financing offers.
Volkswagen
Volkswagen is offering rare zero percent car deals for both their electric and traditional SUV models in October:
- 0% APR for 72 months: 2024 Volkswagen ID.4
- 0% APR for 60 months: 2024 Volkswagen Tiguan
Is Now the Time to Buy?
Year-end deals (from Black Friday to New Years Eve) are always the best time for deals. However, not everyone can wait that long. If you’re in the market to buy in the next six months, right now presents a great opportunity to save big on financing with the abundance of zero percent APR deals. Expect the number of low-APR offers to grow as we approach the end of 2024.
Tired of car buying hassles? Let a professional do it for you! Learn more about CarEdge Concierge, the most-trusted car buying service out there!
Fourth of July Car Sales Present a Rare Opportunity For Deals
As we enter the heart of summer, car shoppers have every reason to mark their calendars for July 4th. For those who can’t wait until year-end car sales, the summer holiday is an excellent time to negotiate a deal, or simply to take advantage of manufacturer incentives. 2024’s Fourth of July car sales are poised to be especially big. This year, the combination of abundant new car inventory and incoming 2025 models is creating an ideal environment for jaw-dropping discounts.
Here’s why 2024’s July 4th sales will be special.
It’s a Buyer’s Market (For Most)
Most automakers are grappling with unusually high levels of new car inventory. According to CarEdge Pro, July opened with 91 days of new-vehicle supply industry-wide, which translates to 3.17 million units. In a normal car market, we’d be closer to 60 days of supply. New car inventory is rising. The result is manufacturer incentives that offer low or zero percent APR, huge cash discounts, and great lease deals.
This new car oversupply is particularly pronounced in the truck, SUV, and luxury vehicle sectors. But not all car brands are approaching the summer holiday on the same footing. Domestic brands from Stellantis, Ford, and GM are more negotiable in 2024 due to higher inventory. However, shoppers with eyes set on a new Toyota or Honda will have a harder time securing a deal. But even for these brands, great APR and lease offers exist.
Brands On Track For Big Fourth of July Car Sales
Despite the modest gains in sales, certain brands like Ram, Jeep, Mazda, Ford, and Nissan are facing significant inventory excesses compared to their competitors. These brands are likely to offer bigger discounts for July 4th as they strive to sell cars. In fact, we’re already seeing them bring out the deals.
This is especially true for Ram, who has already started shipping 2025 truck models to dealerships. With 114,000 model year 2023-2024 Ram trucks left to sell, dealers are ready to ‘move the metal’ as they like to say. Truck lots are getting more crowded by the day.
Car brands with less inventory include Toyota, Subaru, and Honda. These brands are less likely to offer big APR and cash discounts in July as a buyer’s market remains elusive for the hot-selling Japanese brands.
👉 See the fastest and slowest-selling new cars right now
Low APR Incentives: A Closer Look
Low APR deals are a win-win for both dealers and buyers. For dealers, it’s about liquidating stock without slashing sticker prices dramatically, which can devalue the brand. For buyers, these subsidized rates lower the monthly payment, making an upgrade more feasible. Expect to see APR offers as low as 0% for qualified buyers on select models, alongside generous cash-back offers and lease deals.
In fact, there are already several 0% APR offers on the market today…
👉 See the best APR and cash offers right now (updated monthly)
The Most Negotiable New Cars and Trucks
As we inch closer to Fourth of July car sales, certain vehicles stand out for their negotiability. While the specific models and deals will be confirmed as the holiday approaches, here are some categories to watch:
- Truck Deals: Automakers have simply priced new trucks too high, and buyers are pushing back. This has led to an oversupply of new trucks on dealer lots. Expect big deals on the Chevrolet Silverado 1500, Ram 1500, and Ford F-150. In fact, there are already some great low APR offers out there. Check out the truck deals here.
- Electric Vehicles: Despite their steadily growing popularity, certain EV models are still struggling to find their market footing, leading to potentially larger discounts. Electric offerings from Kia, Hyundai, Chevrolet and Nissan are all advertised with big discounts. See the best EV offers this month.
Even if you’re looking elsewhere in the market, great deals far below MSRP can be won, especially with negotiation know-how. Be sure to take these free negotiation tools with you. Or, you can skip the dealership altogether!
👉 Browse car listings with the power of local market data
Skip the Dealership this Fourth of July
Most folks dread buying a car. The salespeople, the misleading pricing, and pressure tactics make for one unpleasant experience. That’s a shame, because buying a car is the second largest purchase that most consumers will ever make.
Finally, there’s a better way to buy a car. Let a pro negotiate the perfect car on your behalf with CarEdge Concierge. Never step foot in a dealership again with home delivery and personalized service. Learn more about CarEdge Concierge, the most-trusted car buying service out there!
Navy Federal Car Buying versus CarEdge Concierge: The Differences Explained
When it comes to purchasing a new or used vehicle, car buying services can simplify the process and get you a better deal. In this comparison, we’ll look at two popular services: Navy Federal Credit Union Car Buying Service and CarEdge Concierge’s car buying service, highlighting their key features, customer experiences, and overall value. Which is best for you? Stay tuned to find out.
Service Overview
Navy Federal Car Buying Service
- Navy Federal Credit Union (NFCU) offers a car buying service powered by TrueCar, designed to provide a straightforward, member-friendly car purchasing experience.
- Main Selling Points: Benefits for veterans and servicemembers, TrueCar affiliation, upfront price offers, trade-in assistance, exclusive member discounts, and competitive financing options.
- Target Audience: Navy Federal Credit Union members seeking a convenient and budget-friendly car buying experience with the added benefits of membership.
- Price: Free with Navy Federal Credit Union membership
CarEdge Concierge
- CarEdge provides a comprehensive, hands-off car buying service, handling everything from vehicle sourcing to negotiation and delivery, all from the comfort of your home.
- Main Selling Points: Complete management of the buying process, expert negotiation, no hidden fees, transparency, and customer-centric approach. CarEdge is not paid by car dealerships, and emphasizes their independence from auto industry influence.
- Target Audience: Consumers seeking a personalized, stress-free car buying experience with expert support.
- Price: $999 plus shipping where applicable
| Feature | Navy Federal Car Buying Service | CarEdge Concierge |
| Price | Free with Navy Federal Credit Union membership | $999 + shipping if applicable |
| Shop deals from home | Yes | Yes |
| Buy at the dealership | Yes | No |
| Home delivery | No | Yes |
| Personalized service | No | Yes |
| Negotiates on your behalf | No | Yes |
| Vetted dealers | Yes | Yes |
| Trade-in assistance | No | Yes |
| Extended Warranties Offered | No | Yes |
Customer Experience
Navy Federal Credit Union Car Buying Service
- Google Rating: 4.0 stars (73 reviews)
- Common Praises: Convenience, competitive pricing, exclusive member benefits.
- Common Complaints: Limited to TrueCar Certified Dealers, less personalized service compared to concierge services. Car buyers still deal with car dealership salespeople.
- Customer Service: Not personalized, but general help is available through Navy Federal for questions and support.
CarEdge Concierge
- Google Rating: 5.0 stars (1,728 reviews)
- Common Praises: Buyers skip the dealership, effective negotiation, no hidden fees, stress-free process, home delivery.
- Common Complaints: Higher upfront cost compared to other services.
- Customer Service: Comprehensive support throughout the entire process from a personal CarEdge Concierge.
Pro and Cons
There are some key differences between Navy Federal Credit Union and CarEdge car buying services, so we’ve gathered the key takeaways that differentiate each.
Navy Federal Car Buying Service Pro and Cons
| Navy Federal Car Buying Service | |
| Pro | Cons |
| Free with Navy Federal membership | Membership is restricted to those with ties to the armed forces |
| Convenient online car search and upfront pricing | Limited to TrueCar Certified Dealers |
| No personal Concierge or customer advocate | |
| Dealership visits required in most cases | |
| Less personalized service | |
CarEdge Pro and Cons
| CarEdge Car Buying Service | |
| Pro | Cons |
| Skip the dealership and buy from home | Higher upfront cost |
| Personalized Concierge included | Shipping costs vary by distance |
| Home delivery available | Some specialty models not serviced |
| Negotiates on your behalf | |
| Independent from car dealers | |
| Trade-in assistance | |
| CarEdge does the work for you | |
In Conclusion: Which Is Better?
Navy Federal’s Car Buying Service and CarEdge Concierge both offer unique benefits, catering to different needs and preferences. Navy Federal is ideal for current credit union members or qualifying applicants looking for an affordable car buying experience with member perks. CarEdge, on the other hand, is perfect for those who desire a personalized service, want to avoid the dealership hassle, and appreciate expert negotiation done on your behalf. Simply put, CarEdge Concierge is the most hands-off car buying experience out there.
Ultimately, if you seek a budget-friendly option with member perks during vehicle ownership, Navy Federal Credit Union’s Car Buying Service is a solid choice. However, if you want the most streamlined and potentially cost-saving car buying experience with minimal effort on your part, CarEdge Car Buying Service stands out as the superior option.
Check out these helpful links below to learn more about each car buying service:
The Used Car Market Is Collapsing in 2024 – What Buyers and Sellers Need to Know
Used car prices are falling in 2024, and in all likelihood, we’re just getting started. According to the most recent used car market updates from Black Book, prices and trade-in values are softening as buyers turn their backs to high APRs and high prices. The summer brought the largest wholesale used car price decline since the pandemic. Here’s a look at the latest used car market update for 2024.
👉 See the latest used car price report (updated weekly)
Used Car Loan Rates Complicate a Buyer’s Market
Following an unremarkable spring buying season, used car sales are weakening and inventory is piling up. Over the past month, we see that used car prices at wholesale markets are down one percent. That’s not much, but it’s the trend that matters. With each passing week, used car prices have been softening further. If this trend continues, used car buyers may finally be in for some real price relief. However, the selling price is just one piece of the puzzle.
Unfortunately, high interest rates continue to keep buyers away, with the average used car loan rate remaining north of 14% APR. Furthermore, compelling new car manufacturer incentives, such as zero percent APR offers available today, are leading would-be used car buyers to shift over to the new car market. The latest data from Cox Automotive shows that new car transaction prices continue to fall, and with more affordable new cars, the used car market is under downward pressure.
All signs point towards more price drops to come in 2024 (see our market forecast here). But it’s not all good news. Driver’s considering selling their vehicle should pay attention to used car price updates in the weeks ahead.
Trade-In Values Are Falling in 2024
As used car prices fall, trade-in values are taking a hit. Although today’s price trends are great for buyers, it’s bad news for those looking to sell or trade-in a vehicle in 2024.
Here are some tips to navigate this challenging landscape:
1. Research Your Car’s Value Frequently
- Use online tools like CarEdge Sell, Kelley Blue Book or Edmunds to get an accurate estimate of your car’s current trade-in value. Used car values are changing by the week, so it’s important to stay on top of recent trends. Plus, this will give you a baseline to work with when negotiating with dealers or private buyers.
2. Consider Private Sale
- Selling your car privately can often yield a higher price than trading it in at a dealership. Be prepared for the additional effort involved in listing, showing, and negotiating with potential buyers.
3. Prepare Your Car For Sale
- Ensure your vehicle is in its best condition. A clean, well-maintained car with up-to-date service records will attract higher offers. Consider minor repairs or detailing to increase your car’s appeal.
4. Master Negotiation Beforehand
- When trading in your car, get quotes from multiple dealerships to ensure you’re getting the best deal. Don’t be afraid to negotiate based on the research you’ve done about your car’s value. Use CarEdge’s FREE car buying cheat sheets and Deal School 2024 [FREE] to become a negotiation pro.
5. Consider a Car Buying Service
- professional Concierges who work for a car buying service are not just great at getting you deals, they can also negotiate your car’s trade-in value. Learn more about how car buying services work.
By following these steps, you can give your car the best shot at bringing in a higher sale or trade-in value. If you choose to work with CarEdge’s Car Buying Service, our professional Concierges can assist with your trade-in or sale. Learn more.
A Bit of Perspective
Notably, used car values remain above historical norms. It would take months of similar week-over-week declines to return the market to pre-2021 norms. In 2019, the average used car selling price was $20,618. Today, in 2024, the average used car price is $25,328. However, that’s down from 2022’s peak north of $30,000 for a used car.
And then there are today’s used car loan rates. For much of the past year, rates have averaged around 14% APR. This high-interest environment continues to impact buyers, making used car financing less attractive compared to the more favorable new car loan rates available with manufacturer incentives. Are you sure you want that $25,000 used car at 13% APR if you can get a brand new car for $30,000 at zero percent APR? It’s something every used car shopper should consider today.
Understanding these trends provides valuable context for today’s used car market. While current prices are higher than historical norms, they are gradually decreasing. However, the elevated used car loan rates are a critical factor to consider when making purchasing decisions.
The Takeaway
Used car prices are falling sharply at wholesale markets and more slowly at retail car lots. Expect used car prices to continue falling in the months ahead, creating a buyer’s market for deal-savvy shoppers. However, used car loan rates make financing expensive, so if you’re planning to finance a large amount, consider 0% APR offers for affordable new cars instead.
Have You Considered Car Buying Services?
No dealers, no hassle, no stress. Is it possible to buy a car without hating it? Yes! Learn more about CarEdge Concierge, the most-trusted car buying service out there!
Understanding Car Buying Services: What Is a Car Concierge?
Car buying services, also known as car buying concierges, have emerged as a turnkey solution for those seeking a hassle-free car buying experience. These services handle everything from vehicle sourcing to negotiation, ensuring you get the best deal without the stress. Want to buy a car without going to the dealership? This is the solution for you. In this guide, we’ll explore what car buying services are, how they work, and the benefits of using them.
What is a Car Buying Service?
A car buying service, or car buying concierge, is a professional service that assists consumers in purchasing a vehicle by handling everything from vehicle sourcing and price negotiation to trade-in assistance, and delivery logistics.The primary goal of car buying services is to simplify the car buying process by leveraging their expertise, industry connections, and negotiation skills.
Whether you’re looking for a new or used car, a car buying concierge can help you find the perfect vehicle while saving you time, money, and eliminating the inconvenience of haggling with salespeople.
Services Offered by Car Buying Concierges
- Vehicle Sourcing
- Detailed Search: Car buying concierges conduct a comprehensive search based on your needs and wants, including make, model, year, color, and features. They use their industry knowledge and connections to find the best options that match your criteria.
- Network Access: These services have access to a wide network of dealerships and private sellers, often finding vehicles that are not yet listed publicly. If you’re looking for a good deal on a rare or in-demand car model, a car buying service could be especially useful.
- Price Negotiation
- Expert Negotiation: Car buying concierges are skilled negotiators who know how to secure the best possible price. They understand dealer tactics and can navigate the complexities of pricing to ensure you avoid hidden fees and unnecessary add-ons. If you dread negotiating with salespeople, the benefits of a car buying service are compelling.
- Savings: By leveraging their real-time market expertise, they can often secure deals that you might not be able to achieve on your own. Car buying concierges typically have behind-the-scenes market tools like CarEdge Pro to gain the upper hand in negotiating on your behalf.
- Trade-In Assistance
- Evaluation: If you have a vehicle to trade in, car buying concierges can help evaluate its worth and negotiate a fair trade-in value. This ensures you get the best possible price for your old car.
- Seamless process: They handle the trade-in process, making it seamless and convenient.
👉 See how much your car is worth with CarEdge Pro, powered by Black Book
- Delivery and Paperwork
- Coordination: Car buying services manage the logistics of paperwork and vehicle delivery, ensuring your new car is delivered to your doorstep or a convenient location. You can also pick it up at the dealership if you prefer.
How Car Buying Services Work
If your car buying service seems too complicated, they’re doing something wrong. The best in the business are easy to understand and navigate. Here’s what you should expect.
Step 1: Initial Consultation
The process begins with an initial consultation where the concierge understands your needs, preferences, and budget. This is typically done over the phone, via email, or online chat. At this point, you’ll pay for the services rendered. Most car buying services or concierges cost between $1,000 and $3,000, plus shipping if applicable.
Step 2: Search and Shortlisting
Based on your criteria, the concierge conducts a detailed search and shortlists potential vehicles. They provide you with a curated list of options, along with detailed information about each vehicle. Your Concierge should provide current price information, along with their insights on how negotiable the pricing should be.
Step 3: Negotiation and Finalization
Once you’ve selected a vehicle, the concierge negotiates the price on your behalf. They handle all communication with the seller to ensure you get the best deal. No worries – your approval is sought for each and every step. The deal won’t be finalized until you give it the green light.
Step 4: Delivery and Completion
After finalizing the purchase, the concierge coordinates the delivery of the vehicle and handles all paperwork, ensuring a smooth and hassle-free experience. Delivery costs vary by distance from the dealership to your home. Shipping costs are typically between $1.00/mile and $1.50/mile.
Benefits of Using a Car Buying Service
Time Savings and Convenience: Car buying services save you the time and effort involved in searching for a vehicle, negotiating prices, and dealing with salespeople. Your concierge handles everything while you sit back and relax.
Expertise in Securing Better Deals: With their industry knowledge and negotiation skills, car buying concierges can secure deals that you might not be able to achieve on your own. This often results in significant savings.
Stress-Free Car Buying Experience: The car buying process can be stressful, especially for those unfamiliar with the market. A concierge service provides peace of mind by handling all aspects of the purchase, ensuring a smooth and enjoyable experience.
Get Started Today with CarEdge Car Buying Service
Car buying services offer a convenient, efficient, and stress-free way to purchase a vehicle. By leveraging their expertise and industry connections, these services can help you find the perfect car at the best price. If you’re in the market for a new or used vehicle, consider using a car buying concierge to make the process seamless and enjoyable.
Want to learn more about a leader in the industry? Get started with CarEdge Concierge today to save more and stress less. Never step foot in a dealership again!
