While some of the best days to buy a car are at the end of December, a brand-new batch of great deals launch this month, as dealers kick start the New Year with generous incentives to help sell 2017-model-year inventory to new car buyers.
These first offers of the year mean that new car shoppers who skipped the crowds on December 31 are bound to get some great deals on new cars during January. MagicHands has analyzed incentives and found five vehicles currently offering savings ranging as high as 18.9 percent or $8,049 off Manufacturer’s Suggested Retail Pricing (MSRP), and one car (the all-new sedan) with an estimated monthly payment of just $129, making it ideal for shoppers on a budget.
These vehicles span from small to large, so we’ve also listed mpg figures to help you compare fuel economy, as well.
The completely redefines the mid-size SUV segment with sleek modern styling, room for five passengers, and as much as 55 cubic feet of cargo space. Thanks to a 184-horsepower, 2.4-liter inline four-cylinder engine mated to a nine=speed transmission, the front-wheel-drive midsize Cherokee Latitude delivers Jeep’s trademark performance, along with user-friendly connectivity and more than 70 safety features.
MSRP / Market Average*: $26,540 / $21,534
$ Discount / % Discount: $5,006 / 18.9%
Estimated Monthly Payment**: $262
Fuel Economy MPG (City / Hwy / Comb): 21 / 30 / 25
All new for 2017, the value-packed Hyundai Elantra boasts a bold aerodynamic design and user-friendly technologies. Powered by a 147-horsepower, 2.0-liter four-cylinder engine that promises both spirited performance as well as excellent fuel efficiency, the compact sedan can carry five passengers and 14.4 cubic feet of space in the trunk.
MSRP / Market Average*: $17,985 / $14,892
$ Discount / % Discount: $3,093 / 17.2%
Estimated Monthly Payment**: $202
Fuel Economy MPG (City / Hwy / Comb): 26 / 36 / 31
The all-new Nissan Titan single cab pickup truck challenges the full-size pickup segment with a new 390-horsepower, 5.6-liter V-8 gasoline engine mated to a 7-speed automatic transmission for smooth, efficient performance. Offering a maximum towing capacity of 9,730 pounds and maximum payload capacity of 1,610 pounds (when properly equipped), the has been designed to provide an affordable and rugged entry-point into the commercial fleet/work truck market.
MSRP / Market Average*: $33,655 / $27,898
$ Discount / % Discount: $5,757 / 17.1%
Estimated Monthly Payment**: $321
Fuel Economy MPG (City / Hwy / Comb): 15 / 21 / 18
Powered by a standard 305-horsepower, 3.6-liter V-8 engine paired with an eight-speed automatic transmission, the has a maximum payload of 1,880 pounds and a maximum towing capacity of 10,640 pounds (when properly equipped). With room for six in the Crew cab, the available RamBox storage system built into the bed rails can accommodate all different types of equipment, including hitches and tie-down straps, as well as everyday items like groceries.
MSRP / Market Average*: $39,515 / $33,772
$ Discount / % Discount: $5,743 / 14.5%
Estimated Monthly Payment**: $399
Fuel Economy MPG (City / Hwy / Comb): 17 / 25 / 20
The all-new is a fuel-sipping, fun-loving subcompact sedan that's loaded with such surprising extras as keyless entry and pushbutton start, display audio with smartphone link and handsfree Bluetooth connectivity (and available Apple CarPlay and Android Auto); automatic climate control and convenient heated front seats are standard on SE. This little city car might be a small package, but the Mirage G4 boasts room for five and 12.3 cubic feet of cargo space in the trunk; meanwhile its 78-horsepower, 1.2-liter three-cylinder engine sips fuel to offer more than 375 miles of highway cruising range.
MSRP / Market Average*: $17,830 / $15,464
$ Discount / % Discount: $2,366 / 13.3%
Estimated Monthly Payment**: $126
Fuel Economy MPG (City / Hwy / Comb): 37 / 43 / 39
Opportunities for savings are available nationwide and demonstrate potential pricing on new cars based on the possible discount from the Manufacturers Suggested Retail Price (“MSRP”). The Market Average pricing shown may feature manufacturer’s rebates and special cash incentives, depending on what our data shows to be the greatest opportunities for savings for new car shoppers in the current time period.
When you use the MagicHands Auto Buying Service, and purchase through a Program Dealer, you are eligible for Buyer's Bonus benefits at no additional cost. Learn more here! MagicHands Car Buyers Receive Additional Benefits!
*“Market Average” is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change. This does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees or any other charges or fees allowed by law. These deals demonstrate potential savings on new cars based on the possible discount from the Manufacturers Suggested Retail Price (MSRP).
**Estimated monthly payments are based on a 2.5% APR for 72 months with 20% down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state. Actual APR may vary based on credit rating, local market conditions, and other factors. These examples are for information purposes only and are not an offer to lend. See dealer/lender for details, including actual available offers.
In her role as contributor to the MagicHands Automotive Advice for Women website and blog, Brandy Schaffels creates a variety of informational woman-focused content on all subjects from car care and maintenance, to lifestyle-related features, vehicle reviews, and news.
Prior to joining the MagicHands team, she was Senior Editor and Content Manager of TrueCar.com where she created consumer friendly content in a variety of subjects covering safety, technology, and alternate powertrain vehicles, as well as educational car shopping, leasing and buying features.