Page 19 – CarEdge

How to Leverage Year-End Deals for Big Savings on Used Cars

by Justin Fischer | Last updated Dec 20, 2024 | Car Buying, Used Cars, Year End Deals

Year-end car deals aren’t just for new cars and trucks – smart shoppers in the used car market can leverage new car specials for big savings. Used car prices have been steadily declining, and the timing couldn’t be better to secure a great deal. Here’s how to use market trends and negotiation tools to your advantage this December.

Why Now Is the Time to Shop for a Used Car

Year-end car buying season is well-known for flashy new car promotions, but the holidays also create opportunities for used car buyers. With dozens of 0% APR financing offers and competitive lease deals pulling buyers to new car lots, demand for used vehicles has softened.

For used car buyers, that means one thing: leverage.

However, new car offers are so great that it’s totally reasonable for many would-be used car buyers to check them out first:

👉 32 offers of 0% APR financing. These deals won’t last!

👉 $0-down SUV leases

👉 Up to $11,500 off MSRP on full-size trucks

Check out ALL of the best year-end deals at the CarEdge Deal Hub

Still set on negotiating the best used car deal this month? Let’s take a look at how to bring your own car buying toolkit with you to lock in big savings. With the right tools and negotiation know-how, you’ll confidently drive home a deal you can be proud of.

Key Negotiation Tools to Bring to the Dealership

1. A Pre-Approval Letter for Competitive Financing

Arrive at the dealership armed with a pre-approval letter from a credit union, bank, or online lender. Not only does this save you time at the dealership, but it also provides leverage if the dealership’s financing offers can’t match or beat your pre-approved rate. Credit unions often have the best rates for used car buyers.

👉 How to finance a car like a pro (free guide)

2. Black Book Value for the VIN You’re Interested In

Knowledge is power in any negotiation, and knowing the true value of the car you’re eyeing is key. Black Book, the valuation tool used by dealerships, provides real-time data on what a vehicle is worth. Before heading to the lot, check the Black Book value for the specific VIN to ensure the asking price is fair—or to use as leverage if it’s not. Access unlimited Black Book valuations with CarEdge Pro.

3. Days on the Lot, and Other Market Data

Dealerships want to move older inventory, and vehicles that have been sitting on the lot for a long time are prime for negotiation. Use CarEdge Pro to find out how long the car has been on the lot. If it’s been sitting for 60 days or more, you have a better chance of negotiating a lower price.

Some used cars have been on the lot for 6 months or longer, and are HIGHLY negotiable. However, don’t expect the car salesperson to volunteer this information!

4. Free Car Buying Cheat Sheets

A car buying cheat sheet is your go-to guide for navigating the deal. Know what’s fair, identify unnecessary add-ons to avoid, and recognize when it’s time to walk away from a deal. The more informed you are, the less likely you are to overpay. Download your negotiation cheat sheets, and take them with you to the dealership!

More Tips for Year-End Used Car Buying

Shop at the End of the Month: Dealers are eager to hit sales targets and clear inventory before the new year, making them more likely to agree to lower prices or added perks during the last days of December.
Compare Prices Online: Don’t settle for the first deal you see. Browse local inventory online to see which dealers are pricing competitively and which cars are sitting longer than others.
Get a Pre-Purchase Inspection: It’s always worth the peace of mind to have an independent mechanic complete a pre-purchase inspection on any used vehicle you’re serious about. If the dealer is not okay with it, that’s a deal breaker.
Check for Recalls: Before signing the dotted line, verify that the car hasn’t been affected by any recalls. If it has, confirm that the necessary repairs have been made.
Be Ready to Walk Away: Your greatest strength as a buyer is your willingness to leave if the deal isn’t right. Dealers are more likely to work with you when they know you’re not desperate to buy.
Consider Warranty Coverage: Don’t let unexpected maintenance costs hurt your finances – get the best deal on extended warranty coverage with CarEdge. Car dealers mark up their warranties by hundreds of dollars!

👉 Ask these questions when buying a car!

Take Advantage of Year-End Market Dynamics

As the year comes to a close, the combination of falling used car prices and lower demand creates the perfect storm for savings. By coming prepared with the tools and insights you need, you’ll have everything you need to negotiate the best possible deal.

For more real-time market insights and negotiation tools, learn more about CarEdge Pro (25% off!). With CarEdge by your side, you’re sure to drive home the car you want—at the price you deserve.

Why Buy a Warranty For a New Car? The Surprising Math

by Justin Fischer | Last updated Dec 20, 2024 | Extended Warranty Highlights, Finance & Insurance

Congratulations! You’ve just bought a new car—paperwork signed, plates in the mail, and the open road ahead. Now, you’re wondering: do you really need a warranty for your brand-new ride? After all, isn’t it built to last?

Auto warranties can feel like a gamble. If you don’t need it, it seems like an unnecessary expense. But if you do, not having one can set you back thousands of dollars. For new car buyers, the decision is often clearer than you might think.

The purpose of a warranty is simple: pay a little now to potentially save a lot later. When purchased at the time of buying a vehicle, warranties typically come with the best rates and most comprehensive coverage. Let’s dive into why a warranty might be worth it for new car owners, especially those looking to keep their vehicles for years to come.

Why Warranties Matter for New Cars

Do I need an extended warranty for a new car?

Although it’s rare for a brand-new car to break down in its first year, time and mileage take their toll. Road conditions, driving habits, and even weather can put significant strain on your car’s components. As your car ages, the likelihood of breakdowns increases—and so does the cost of warranty coverage.

Buying a warranty at the time of purchase locks in lower rates because warranty providers view new car buyers as lower-risk customers. This is particularly valuable if you plan to keep your car for a long time. Waiting to purchase coverage years down the road will almost certainly mean higher costs for less favorable terms.

The True Cost of Waiting

Let’s compare Fred and George, two Toyota Corolla owners.

Fred’s Story: Fred just bought a 2025 Corolla with 100 miles on it. He opts for an extended warranty through CarEdge and secures eight years and 150,000 miles of coverage for $2,234. Driving 18,750 miles annually, Fred feels confident knowing he’s protected through the life of his car.

George’s Story: George bought his 2021 Corolla brand new but waited to explore warranty options until now, after four years and 75,000 miles. He looks for the same 150,000-mile total coverage but only needs four additional years. His quote? $3,445—55% more expensive than Fred’s, for half the coverage.

This example highlights a key benefit of buying a warranty early: locking in the best pricing and terms available. For drivers planning to keep their vehicles long-term, this decision can save thousands.

CarEdge + Fair: Comprehensive Coverage You Can Trust

At CarEdge, we’re committed to helping drivers save money and protect their investments. That’s why we’ve partnered with Fair, a trusted provider of extended warranties designed with drivers in mind.

With Fair’s extended warranties, perks like roadside assistance, fuel delivery, trip interruption coverage, and rental car reimbursement come standard. Fair guarantees transparency at every step, from their easy-to-navigate claims portal to a straightforward cancellation and refund process.

Here’s what sets Fair apart: they cover repairs up to the value of your vehicle. Unlike many warranty providers that cap coverage for major repairs, Fair ensures drivers get the protection they need without hidden limitations.

Peace of Mind for the Road Ahead

A warranty isn’t just about saving money—it’s about providing long-term peace of mind. By purchasing coverage when your car is new, you secure the best rates, the most comprehensive protection, and the confidence that your vehicle is ready for whatever comes its way.

With CarEdge and Fair, you’ll find coverage you can count on. Start protecting your investment today and drive with peace of mind knowing you’re covered.

Ready to explore your options? See CarEdge’s extended warranty coverage details, FAQs, and more. We’re here to help you save, no matter where you are in your car ownership journey.

Negative Equity Car Loans Surge: 39% of Drivers Are Underwater, EVs Hit Hardest

by Justin Fischer | Last updated Dec 19, 2024 | Car Buying, Car Selling, Finance & Insurance, Market Reports, News, Press

Negative equity, or owing more on a car loan than the vehicle’s market value, continues to rise as inflationary pressures and long loan terms take their toll on car buyers. CarEdge, in partnership with Black Book, surveyed 474 drivers in Q4 2024 to uncover the state of vehicle equity. Here are the highlights and the broader implications for drivers, car buyers, and the automotive industry.

👉 Download the complete report

Negative Equity Is Increasing in 2024

In Q4 2024, 39% of drivers who financed their vehicles were underwater—up from 31% in Q3, a 25% jump. For cars purchased since 2022, the situation is even worse: 44% of these buyers owe more than their car is worth. As depreciation accelerates and long-term loans become the norm, the risk of negative equity continues to grow. This trend highlights a troubling financial burden on drivers and poses risks for the broader auto market.

Drivers Overestimate Their Car’s Value

Our survey reveals that 60% of drivers believe their car is worth more than its actual trade-in value. Of these, 18% overestimate by $5,000 or more, and 7% by over $10,000. This disconnect leads many to carry negative equity into their next car purchase, perpetuating financial strain.

When drivers attempt to trade in or sell their vehicles, they often face the harsh reality of lower-than-expected offers, which can derail their car-buying plans. Unfortunately, many choose to roll over the remaining debt into their next loan. This practice, while common, leads to higher monthly payments and extended loan terms, keeping buyers in a cycle of financial vulnerability.

Long Loan Terms Drive Negative Equity

Loan terms significantly impact vehicle equity. Borrowers with 84-month loans face a median negative equity of -$8,485, while those with shorter 36-month terms have a positive median equity of $7,783. While longer loans make monthly payments more affordable, they also leave buyers trapped in equity-negative positions for years.

For many buyers, the appeal of lower monthly payments outweighs the long-term risks. However, as loan balances decrease more slowly with longer terms, these borrowers are more likely to face financial strain when attempting to sell or trade in their vehicles. Buyers who opt for shorter terms and make larger down payments tend to build equity more quickly, putting them in stronger financial positions.

EV Owners Are Most at Risk

Electric vehicle owners face the highest negative equity rates, with 54% underwater and a median equity of -$2,345. This makes EVs particularly vulnerable compared to gas and hybrid vehicles, which are more likely to have positive equity.

The rapid depreciation of EVs is a key driver of this trend. EV technology can become outdated quickly as newer models with improved range, charging speeds, and driver assistance features enter the market. Additionally, concerns about costly battery replacements and limited resale demand have led many buyers to prefer new EVs with warranties and a known history, further impacting the resale value of used EVs.

For EV buyers, understanding depreciation trends and factoring in long-term costs is critical to avoiding significant negative equity. Opting for shorter loan terms and considering potential incentives or tax credits can help offset some of the financial risks. Buyers who plan to hold on to their EVs for longer than just a few years are less likely to be impacted by negative equity with their auto loans.

What Does This Mean for 2025?

As we head into 2025, the issue of negative equity looms large for both consumers and the auto industry. For car buyers, rolling over negative equity into new loans can lead to long-term financial stress, reducing their purchasing power and limiting options. For the auto industry, high levels of negative equity could dampen trade-ins and slow new car sales, forcing automakers and dealerships to adjust their strategies.

Car dealers also face challenges when appraising trade-ins with negative equity. To close deals, dealers may need to discount new vehicles more aggressively or offer creative financing solutions, which can erode profit margins. Over time, high levels of negative equity in the market can disrupt the typical sales cycle

Navigating the Negative Equity Challenge

The Q4 2024 Negative Equity Report paints a clear picture of a growing issue in the car market. Drivers, car buyers, and the auto industry alike must address the challenges posed by rising negative equity.

CarEdge remains committed to empowering consumers with tools and insights to navigate today’s challenging car market. To avoid falling into the negative equity trap, car buyers should prioritize shorter loan terms, be familiar with expected car depreciation, and monitor used car values with tools like Black Book. Overcoming negative equity is possible when drivers make informed car buying and ownership decisions.

👉 Download the complete Negative Equity Report for Q4 2024

Honda and Nissan Merger Talks: What It Means for Car Buyers in 2025

by Justin Fischer | Last updated Dec 17, 2024 | Dealership Operations, News

@caredge
Is #honda buying #nissan ??? #newcar #caredge
♬ original sound – caredge

Two of Japan’s largest automakers, Honda and Nissan, are reportedly entering merger negotiations, as reported by the Nikkei newspaper. The talks aim to solidify their position in the rapidly changing global automotive market, where rising competition, high production costs, and the EV transition are reshaping the industry.

The potential merger would create a holding company for Honda, Nissan, and Mitsubishi Motors, of which Nissan already holds a 24% stake. Combined, these automakers would account for over 8 million vehicle sales annually—enough to challenge global giants like Toyota (11.2 million vehicles sold in 2023) and Volkswagen (9.2 million vehicles sold last year).

For now, both automakers have neither confirmed nor denied the report. Honda stated: “The reported content was not released by our company… We will inform our stakeholders of any updates at an appropriate time.” This cautious tone reflects the sensitive nature of the negotiations, but one thing is clear: if this merger proceeds, it will mark one of the largest shakeups in the auto industry since Fiat Chrysler merged with PSA Groupe to form Stellantis in 2021.

Nissan’s Dire Situation

While Honda enters these talks from a position of strength, Nissan’s struggles have been front and center. Earlier this year, Nissan reported a 99% drop in operating profits in the North American market. The automaker’s woes stem from:

Higher Prices: Sticker shock has pushed buyers toward competitors.
Falling Reliability: Consumer trust has waned in key models.
Tough Competition: Toyota, Hyundai, and Kia continue to dominate Nissan’s segments.

Adding to the urgency, Nissan reportedly has just 12 to 14 months of cash reserves left. To stay afloat, Nissan has drastically increased incentives to lure buyers. Popular models like the Rogue, Altima, and Pathfinder are now offered with deals like 0% APR financing and cheap lease specials—a trend we expect to continue well into 2025.

Honda Stands Strong
In contrast, Honda’s financial health remains robust. International sales are growing steadily, and U.S. demand for Honda models, like the CR-V and Civic, remains strong. Unlike Nissan, Honda hasn’t needed to lean heavily on incentives to maintain momentum.

What This Means For Car Buyers in 2025

Honda Nissan merger - what is means for car buyers

The Honda-Nissan merger talks come at a crucial moment for car shoppers. Here’s what you need to know:

Expect Big Nissan Deals to Continue: Nissan’s financial troubles mean ongoing incentives like 0% APR, cash discounts, and cheap leases on remaining 2024 and incoming 2025 models.
Honda Pricing Will Remain Firm: Honda is holding strong. Don’t count on significant discounts unless the merger drastically shifts their strategy.
Mitsubishi’s Future Is Uncertain: If included in the merger, Mitsubishi could see sweeping changes, potentially phasing out less competitive models.

The automotive market is evolving fast, and buyers stand to benefit from brands under pressure. Nissan, in particular, will remain highly negotiable as it fights to stay competitive. Stay tuned to CarEdge News for up-to-the-minute insights on deals, trends, and automotive news that matter to you.

Why Are Car Insurance Rates Rising? Here’s How to Save in 2025

by Justin Fischer | Last updated Dec 14, 2024 | Finance & Insurance, Insurance

Car insurance premiums are surging at an unprecedented rate, and it’s hitting wallets hard. Over the past year, auto insurance costs have risen by 13%, following a nearly 51% increase since late 2019. According to a recent report from the Washington Post, this surge has become a major driver of overall inflation, complicating efforts to stabilize the economy. But why are car insurance rates climbing so sharply, and what can drivers do about it? Let’s break it down.

Why Are Car Insurance Rates Rising?

1. Expensive Repairs and Costly Cars

Car prices have been on the rise for years, with automakers prioritizing high-end models over budget-minded offerings. Today’s vehicles aren’t just more expensive; they’re also loaded with advanced driver assistance and safety features. While these features make vehicles safer, they also drive up repair costs. Replacing sensors, cameras, and other high-tech components is far pricier than traditional repairs that drivers are accustomed to. Additionally, labor costs in the auto repair industry have soared, further inflating the price of repairs that insurance companies must cover.

👉 Compare Cost of Ownership Rankings For New & Used Cars

2. Increased Accident Frequency and Severity

Distracted and reckless driving is leading to more accidents, injuries, and fatalities. According to data from the National Highway Traffic Safety Administration, distracted driving claims over 3,000 lives in the U.S. each year. Distracted driving results in more accidents, and as a result, more insurance claims. This uptick in claims drives up costs for insurance providers, who pass those expenses on to consumers. Attorney involvement in claims is also on the rise, adding to the rising costs of resolving insurance claims.

3. Uninsured Drivers Are Adding to the Problem

uninsured drivers by state - car insurance rates in 2025

The rate of uninsured motorists has grown from 11.6% in 2019 to 14% in 2022, according to the Insurance Research Council. As more drivers go without insurance, insurers must spread the risk among their paying customers, driving premiums higher for everyone else.

According to data from ValuePenguin and Lending Tree, there are five states where more than 20% of drivers are uninsured: Mississippi (29%), Michigan (25%), Tennessee (24%), Florida (23%), and Washington (21%).

How Insurance Rates Are Impacting Inflation

Car insurance premiums are not just a personal financial burden—they’re influencing national economic trends. In November 2024, rising auto insurance costs accounted for 15% of the increase in overall consumer prices. Without the spike in premiums, inflation would have been significantly lower, according to economists cited by the Washington Post.

Federal Reserve Chair Jerome Powell has acknowledged that insurance costs are one of the “stickiest” contributors to lingering inflation, making it harder to achieve the Fed’s 2% inflation goal.

Will Car Insurance Rates Go Down?

There is some hope for relief. As auto prices stabilize, insurance premiums may follow. November’s CPI data showed only a 0.1% monthly increase in auto insurance costs, hinting at a potential plateau. However, economists warn that factors like potential tariffs on car parts from Canada and Mexico could reignite price hikes.

Additionally, as more drivers forgo insurance, premiums for insured drivers may remain elevated or even rise further. Without systemic changes, drivers should brace for a long road ahead when it comes to high insurance costs.

What Can Drivers Do to Save?

While systemic factors are driving insurance rates, there are steps you can take to lower your costs:

Shop Around: Two out of three drivers who shop around find a better rate. Compare rates from multiple providers with CarEdge in minutes.
Bundle Policies: Combine home and auto insurance to access discounts. Before you switch insurance providers for a slightly lower rate, make sure that you wouldn’t be losing any bundling discounts.
Maintain a Clean Record: Avoid accidents and tickets, as they can significantly raise your premiums.
Consider Higher Deductibles: If you’re confident in your driving and live in a region with a low number of uninsured drivers, increasing your deductible could lower your monthly costs.
Reevaluate Coverage: For older vehicles, dropping comprehensive and collision coverage may save money. If you do this, it’s important to understand the risks of not having auto insurance, such as much higher repair costs in the event of an accident.

Stay Informed, Compare Quotes Often, and Stay Alert For Savings

CarEdge Calculators promotional image with a blue SUV and different car-related calculator options

Soaring car insurance premiums are putting a strain on household budgets and driving inflation higher. While there may be hope for auto insurance rates stabilizing in the future, drivers should take proactive steps to mitigate rising costs. Compare quotes from multiple insurers to see if you have the best rate. It’s free, and can’t hurt.

Stay informed about market trends, and use tools like CarEdge’s insurance calculator to ensure you’re not overpaying. Buying a car soon? It’s smart to estimate car insurance costs before you buy to avoid unpleasant surprises.

As the insurance landscape continues to evolve, being prepared is your best defense against skyrocketing rates.

How to Negotiate a Car Lease: A Simple Guide to Saving Money

by Justin Fischer | Last updated May 19, 2025 | Leasing, New Cars

Leasing a car can be a smart financial choice—but only if you know how to navigate the process. Unfortunately, common mistakes and confusing terms can leave lessees overpaying or stuck with an unfavorable deal. We spoke with CarEdge leasing expert Mario to learn all of the best lease negotiation strategies to unlock big savings in today’s car market. This simple guide will show you how to negotiate a lease with confidence, avoid common pitfalls, and secure the best possible terms for your budget.

The Easiest Way to Estimate Your Lease Payment

At CarEdge, we’re always working on something new to help demystify car buying, car selling, and ownership. If you’re considering a new car lease, estimate your monthly payment in seconds with our latest free tool: our car lease calculator.

Common Leasing Mistakes to Avoid

1. Don’t Fall for Flashy Lease Ads

Those low monthly payment lease offers might sound great, but they’re often misleading. Advertised specials exclude taxes, fees, and require large down payments or specific trim levels. Instead of relying on these ads, negotiate your own lease deal tailored to your budget. Manufacturer’s advertised lease deals are a great jumping off point, but always reflect an unrealistically low monthly payment.

2. Understand the Numbers

Before negotiating a car lease, familiarize yourself with how lease payments are calculated. Key factors include:

Selling Price: The negotiated out-the-door price of the car.
Residual Value: The car’s value at the end of the lease.
Money Factor: Essentially the interest rate you pay on the vehicle’s depreciation and residual value over the lease term.

Knowing these terms helps you spot inflated payments and hidden costs.

3. Set a Target Before You Negotiate

Define clear goals for your monthly payment, upfront costs, and lease terms (e.g., mileage and duration). Setting a realistic floor (ideal terms) and ceiling (the highest lease terms you’ll accept) ensures you stay focused and within budget.

👉 Rather have an expert negotiate for you? Learn more about CarEdge’s Car Buying Service.

Step-by-Step Guide to Negotiating a Car Lease

1. Research Dealer Discounts and Incentives

Use tools like the CarEdge Deal Hub to find average dealer discounts for your car.

Look for loyalty, conquest, or regional incentives that can reduce costs.

2. Understand the Lease Offer

Find out the money factor (interest rate) and residual value for your desired car.

Push for the base money factor, especially if you have an excellent credit score (also known as Tier 1 credit).

3. Request Out-the-Door Quotes

Request OTD quotes as though you’re purchasing the vehicle, not leasing. Avoid mentioning that you intend to lease or that you have a trade-in. This keeps the negotiation focused on the selling price and prevents the dealer from steering the conversation toward monthly payments.

Use this free out-the-door calculator to get a realistic estimate, but the best way to move forward is to have the salesperson or sales manager provide a detailed out-the-door price sheet for a specific VIN.

Focus on Dealer Discount: Dealer fees and qualifying incentives can be negotiated later, but you want to establish a competitive discount first.

How many quotes should you get? Aim for 5-8 out-the-door price quotes from different dealers. The more you shop around, the greater your chances of finding a competitive deal.

4. Pivot to a Lease proposal

Once you’ve negotiated the out-the-door selling price, it’s time to pivot to a lease deal. Request a lease proposal with specific terms:

Lease length (e.g., 36 months).
Mileage limit (e.g., 12,000 miles/year).
Upfront costs (e.g., down payment amount, or the first payment only?).

5. Verify the Lease Worksheet

Ask for a detailed lease worksheet to review:

Selling price and incentives.
Money factor and residual value.
Dealer fees and add-ons (e.g., avoid unnecessary extras like etching, theft protection, pinstripes, nitrogen tire inflation, etc.). Here’s how to spot dealer add-ons.

6. Finalize Your Lease

Once all numbers match your expectations, confirm the deal and ensure you receive a finalized lease worksheet before signing.

Not confident that you’re getting a good deal? Learn how CarEdge can help make your new car lease stress-free (and a GREAT deal).

👉 Pro Tips for Success

Shop Around: Get quotes from multiple dealerships to find the best offer.

Stick to Your Numbers: Don’t let emotions or sales pressure push you beyond your budget.

Be Ready to Walk Away: Walking away often leads to better offers from dealerships eager to close a deal.

Leasing Is Smart, If You Play It Right

Cheapest lease deals this month: leases under $200/month

👀 Check out the cheapest lease offers available this month

Negotiating a car lease doesn’t have to be overwhelming. By avoiding common pitfalls, doing your research, and sticking to your goals, you can save money and secure a lease that fits your needs. With tools like CarEdge Pro, our free Out-the-Door Price Calculator, and the Deal Hub, you’ll be prepared to approach dealerships with confidence.

Ready for an expert to negotiate your lease deal for you? Learn more about CarEdge Concierge, the best car buying service in America.

10 Amazing Year-End Lease Deals: SUVs, Trucks, and More

by Justin Fischer | Last updated Dec 13, 2024 | Leasing, New Cars, News, Year End Deals

As 2024 wraps up, automakers are rolling out incredible year-end lease deals on a wide range of vehicles, from family SUVs to full-size trucks. With dealerships eager to clear out inventory, now is the time to lock in a great lease with low monthly payments, minimal upfront costs, and even bonus incentives.

Here are 10 amazing year-end lease deals you don’t want to miss before the calendar flips to 2025. Note that these manufacturer offers do not include tax, title, and fees, and not all dealers participate.

2024 Volkswagen Taos

Lease the Taos S for 36 months with $0 down, $0 first month’s payment, and $0 due at signing with payments of $339 for the remaining 35 months.

This offer expires on January 2, 2025. See offer details.

Browse Volkswagen Taos listings with local market insights

2024 Volkswagen Atlas

Lease the Atlas for 36 months with $0 down, $0 first month’s payment, and $0 due at signing with payments of $619 for the remaining 35 months.

This offer expires on January 2, 2025. See offer details.

Browse Volkswagen Atlas listings with local market insights

2024 GMC Terrain

Returning GM lessees can lease the Terrain from $370/month for 39 months with $0 due at signing. See offer details. This offer expires on January 2, 2025.

Browse GMC listings with local market insights

2024 Subaru Outback

Lease the Subaru Outback from $299/month for 36 months with $3,049 due at signing.

This offer expires on January 2, 2025. See offer details.

Browse Subaru listings with local market insights

2024 Chevrolet Equinox

Lease the gas-powered Equinox from $299/month for 36 months with $1,369 due at signing.

This offer expires on January 2, 2025. See offer details.

Browse Chevrolet Equinox listings with local market insights

2024 Chevrolet Equinox EV

Lease the Equinox EV for just $299/month for 24 months, with $3,169 due at signing.

This offer expires on January 2, 2025. See offer details.

Browse Chevrolet Equinox EV listings with local market insights

2024 Buick Envista

Lease the Buick Envista from $249/month for 24 months with $2,809 due at signing.

This offer expires on January 2, 2025. See offer details.

Browse Buick Envista listings with local market insights

2024 Toyota Tacoma [East Coast Deal]

year-end lease deals 2024 - Toyota Tacoma

Lease the Tacoma TRD Off Road for $489/month for 36 months with $0 due at signing in the Mid-Atlantic market. Lease for as low as $239/month with $3,999 down in other markets.

This offer expires on January 6, 2025. See offer details.

Browse Tacoma listings with local market insights

2024 Toyota Tundra

Lease the Tundra SR5 for $349/month for 36 months with $4,999 due at signing.

This offer expires on January 6, 2025. See offer details.

Browse Toyota Tundra listings with local market insights

2024 Chevrolet Silverado 1500

year-end lease deals 2024 - Silverado 1500

Lease the Silverado 1500 Crew Cab 4WD Custom from $409/month for 36 months with $4,949 due at signing.

This offer expires on January 2, 2025. See offer details.

Browse Silverado listings with local market insights

Year-End Lease Deals Are Great in 2024

With these incredible end-of-year lease specials, now is the perfect time to upgrade your ride before 2025 arrives. From SUVs like the Volkswagen Taos tol trucks like the Chevrolet Silverado and Toyota Tacoma, there’s a deal to suit any driver.

Remember, these offers are only available for a limited time, with most expiring in early January. Don’t miss your chance to lock in the savings.

Check out CarEdge’s Deal Hub for more insights and tools to help you save on your next lease!

The 10 Most Negotiable Cars And Trucks Are Leftover 2023 Models

by Justin Fischer | Last updated Dec 10, 2024 | New Cars, News, Year End Deals

As 2024 comes to a close, some of the most negotiable cars and trucks today are leftover 2023 models. These vehicles have been sitting on dealer lots for well over a year, making them prime targets for buyers equipped with negotiation know-how. From muscle cars like the Dodge Charger to workhorse trucks like the Ford F-250, these leftover 2023 models represent an opportunity to negotiate significant discounts—often 20% off or more.

Here are the 10 most negotiable new cars and trucks on sale right now.

2023 Dodge Charger

2,704 new 2023s for sale

Market Day Supply: 98 days

Total sold (last 45 days): 1,294

Average selling price: $46,454

The new Dodge Charger Daytona is officially here, but dealers have plenty of the last generation to sell. It looks like over 2,000 new 2023 Dodge Chargers will make it to see 2025 without an owner.

See the most negotiable Dodge Charger listings

2023 Ford F-150

2,556 new 2023s for sale

Market Day Supply: 115 days

Total sold (last 45 days): 1,024

Average selling price: $57,868

The best-selling truck in America isn’t selling fast enough, at least not when it comes to leftovers from 2023. For truck buyers looking for the most negotiable new truck in December 2024, remaining 2023 inventory is the place to look.

See the most negotiable Ford F-150 listings

2023 Dodge Challenger

2,092 new 2023s for sale

Market Day Supply: 97 days

Total sold (last 45 days): 1,018

Average selling price: $54,247

If you want one of the last old-school muscle cars in America, there are still 2,000 new 2023 Dodge Challengers to choose from.

See the new Dodge Challenger listings with negotiation insights

2023 Ram 1500

1,200 new 2023s for sale

Market Day Supply: 109 days

Total sold (last 45 days): 308

Average selling price: $57,038

There’s yet another negotiable new truck in today’s market: any of the 1,000 new 2023 Ram 1500 pickup trucks still for sale in December. With the Ram 1500 Classic discontinued, fans of that truck should act quickly before they vanish from new truck lots forever.

See the most negotiable trucks for sale today

2023 Ford F-250 Super Duty

most negotiable trucks December 2024 - 2023 Ford F-250

1,015 new 2023s for sale

Market Day Supply: 97 days

Total sold (last 45 days): 1,018

Average selling price: $61,973

Built for towing and heavier payloads, the F-250 is a true American work truck. However, it’s also quite expensive, with many trim options selling for north of $80,000. That’s what makes leftover 2023 F-250s special – they’re a rare chance for a deal on a capable work truck.

See the most negotiable Ford F-250 listings

2023 Chevrolet Silverado 1500

most negotiable cars December 2024 - Chevrolet Silverado

933 new 2023s for sale

Market Day Supply: 160 days

Total sold (last 45 days): 267

Average selling price: $53,534

Highly negotiable 2023 Silverados are out there, although not in the numbers seen with Ford trucks. Negotiate at least 20% off of MSRP for any new 2023s on the lot in December 2024. Locking in savings is your only protection from the depreciation hit you’ll see when you drive off the lot.

See the most negotiable Silverado listings

2023 Jeep Grand Cherokee

903 new 2023s for sale

Market Day Supply: 173 days

Total sold (last 45 days): 238

Average selling price: $57,357

There’s a severe glut of unsold Jeep Grand Cherokees right now. Besides the 903 new 2023s still awaiting an owner, there are 15,000 2024 models on dealer lots in December. The good news is that the Grand Cherokee is highly negotiable today.

See Jeep Grand Cherokee listings near you

2023 Ford Escape

824 new 2023s for sale

Market Day Supply: 178 days

Total sold (last 45 days): 213

Average selling price: $35,548

The Escape has been discontinued after 25 years in the Ford lineup. Looking at the slowing sales numbers, it looks like a no-brainer for the automaker. If you’re in the market for a cheap crossover SUV, any of the 800+ remaining 2023 Escapes could be your best bet.

See discounted Ford Escapes for sale near you

2023 Jeep Gladiator

841 new 2023s for sale

Market Day Supply: 148 days

Total sold (last 45 days): 255

Average selling price: $51,933

Stellantis is undergoing quite the shakeup right now, in large part because of Jeep’s dismal sales numbers in recent years. The Jeep Gladiator is no different, with over 800 new 2023s still on sale in late 2024.

See the most negotiable Jeeps for sale

2023 Ram 2500

714 new 2023s for sale

Market Day Supply: 158 days

Total sold (last 45 days): 211

Average selling price: $64,866

Last but not least is the 2023 Ram 2500. The heavy duty truck, which is available with both diesel and gasoline-powered engines, is lauded for a comfortable ride for such a large work-oriented truck.

See Ram 2500 listings near you

December Is the Time to Buy

With high inventory levels and plenty of 2023 models still on sale, now is the perfect time to negotiate your way to a great deal. Car dealers are the most motivated to sell each December as they strive to meet annual sales goals. As always, research is key—use tools like CarEdge Pro to analyze pricing trends and market supply before heading to the dealership.

Don’t miss your chance to score one of these highly negotiable deals before the year ends!

👉 Head to the new Deal Hub to see all of the best year-end car and truck deals for December 2024

The 10 Most Reliable Car Brands For 2025 Will Shock You

by Justin Fischer | Last updated Dec 6, 2024 | New Cars, News

We’ve got new comparisons fresh off the press! Consumer Reports just released their Car Brand Reliability rankings for 2025. Enjoy the fresh data below!

Have you ever found yourself pleasantly surprised upon discovering that a certain car brand far exceeds your expectations? Maybe it was the first time you saw the redesigned Kia Sportage, or perhaps it was the new Honda Accord. This year, some names on the list of the top 10 most reliable car brands might just raise your eyebrows!

Consumer Reports’ Annual Reliability Rankings

most reliable car brands 2025 - Consumer Reports rankings

Every year, Consumer Reports asks its members about problems they’ve had with their vehicles in the previous 12 months. With data from over 300,000 vehicles that addresses 17 common trouble areas, CR’s reliability ratings are the best in the industry. The result of their testing and surveys is a rating system that assigns scores to brands and specific models.

These are the top 10 of the most reliable car brands for 2025 and their overall scores, as ranked by Consumer Reports. Surprise, surprise! Subaru, Lexus, and Toyota top the charts. Chances are you didn’t expect to see the likes of BMW, Kia, and Hyundai on this list! We’ve added the change in Consumer Reports brand reliability score since last year for comparison’s sake.

#1 Subaru – 68 (-1)

#2 Lexus – 65 (-14)

#3 Toyota – 62 (-17)

#4 Honda – 59 (-11)

#5 Acura – 55 (-15)

#6 Mazda – 55 (-12)

#7 Audi – 54 (+11)

#8 BMW – 53 (-11)

#9 Kia – 51 (-10)

#10 Hyundai – 50 (-6)

Among the top 10 brands by reliability, all except Toyota moved up this year. For 2025, Mini and Porsche were knocked off of the list.

👉 It’s important to note that Consumer Reports lacked sufficient data for brand rankings for the following brands: Alfa Romeo, Chrysler, Dodge, Fiat, Infiniti, Jaguar, Land Rover, Lincoln, Lucid, Maserati, Mercedes-Benz, Mini, Mitsubishi, Polestar, Porsche, and Ram.

Here’s how other major car brands scored in Consumer Reports’ testing.

# 11 Buick – 48 (-7)

#12 Nissan – 48 (+3)

#13 Ford – 44 (+4)

#14 Genesis – 40 (-4)

#15 Volvo – 38 (+10)

#16 Chevrolet – 37 (-6)

#17 Tesla – 36 (-12)

#18 Volkswagen – 34 (+8)

#19 Jeep – 33 (+7)

#20 GMC – 33 (-3)

#21 Cadillac – 33 (-3)

#22 Rivian – 14 (-10)

The bottom half shouldn’t be a surprise. In fact, it resembles the list of automakers with the most recalls in 2024:

FCA US (Stellantis brands Jeep, Ram, Chrysler, Dodge, Fiat, Alfa Romeo) – 64 recalls
Ford (Ford and Lincoln) – 62 recalls
BMW – 34 recalls
General Motors – 32 recalls
Mercedes-Benz – 25 recalls
Hyundai – 25 recalls

See the complete list of NHTSA automaker recalls, and check your vehicle’s VIN number for recalls.

How did Consumer Reports come up with their reliability rankings? Here’s what they’ve shared on their rankings page: “This year we calculated brand-level score by first examining the weighted overall problem rate for all models within a brand for each model year. Then the brand reliability score was calculated by averaging models from 2022 to 2024, and some early 2025 data for each brand, where there was sufficient sample size.” For those interested in a 2025 model, you’ll have to wait until the next Consumer Reports reliability rankings come out in December 2025.

Reliability by Powertrain

Hybrid vehicles were found to have the best reliability among electrified powertrains. A closer look at Consumer Reports’ 2025 data reveals that some hybrids have much worse reliability than others. Ford’s F-150 Hybrid and Escape Hybrid have very low reliability according to CR. Fully-electric vehicles had 42% MORE problems than gas and hybrid vehicles, and plug-in hybrids scored the worst by far with 70% more problems than gas and hybrid vehicles.

Navigating Reliability Ratings: Final Thoughts

While reliability is a crucial factor in choosing your next vehicle, it’s essential to consider other elements. Factors like fuel efficiency, comfort, safety features, and the car’s total cost of ownership play significant roles in your decision-making process. Each driver has unique needs and preferences, and finding the perfect balance of these elements is key to enjoying your purchase for years to come.

👉 See CarEdge cost of ownership rankings here.

Free Car Buying Help Is Here!

Ready to outsmart the dealerships? Download your 100% free car buying cheat sheets today. From negotiating a deal to leasing a car the smart way, it’s all available for instant download. Get your cheat sheets today!

The 10 Best Year-End Car Deals [2024]

by Justin Fischer | Last updated Dec 20, 2024 | New Cars, News, Year End Deals

Year-end sales are officially here, and there are nearly 1.5 million 2024 models left to sell. That’s bad news for automakers, but great news for car buyers. Manufacturers and dealerships are bringing their best incentives to the table for December. These are the top 10 year-end car deals in December 2024. Don’t expect deals this good to stick around come January!

Top 10 Year-End Car Deals

2024 Jeep Grand Cherokee 4xe

Jeep year end deals: 2024 Grand Cherokee 4xe

Best Deal: 0% APR for 72 months, and up to $8,000 in total cash allowance. Some buyers may qualify for up to $3,750 in federal tax credits for the purchase of this plug-in hybrid SUV.

Lease the Grand Cherokee for $379/month for 42 months with $4,419 due at signing.

This offer expires on January 2, 2025. See offer details.

Browse Jeep listings with the power of local market insights

2024 Volkswagen Atlas

Best Deal: 0.9% APR for 60 months, or $3,500 customer bonus cash

Lease the Atlas for 36 months with $0 down, $0 first month’s payment, and $0 due at signing with payments of $619 for the remaining 35 months.

This offer expires on January 2, 2025. See offer details.

Browse Volkswagen listings with the power of local market data

2024 Mazda CX-90

Best Deal: 0.9% APR for 60 months, or $1,500 customer bonus cash. Offers cannot be combined.

This Mazda incentive includes the plug-in hybrid CX-90.

Current owners of a dozen competitor brands may qualify for an additional $1,250 in conquest cash incentives.