The unofficial holiday known as Black Friday, now typically extended to include the three-day weekend following Thanksgiving, is traditionally one of the biggest shopping periods of the year, with over-eager consumers in years past literally falling all over each other to snag unbeatable deals. It’s no exception in the new-vehicle business, as automakers and their dealers traditionally go all out to move the metal, especially leftover year-end models, with a plethora of incentives and deep discounts.
While profound inventory shortages and sky-high transaction prices tended to render those Black Friday deals moot during the pandemic era, they’re returning with a vengeance this year. Dealers are once again flush with cars, trucks and SUVs and are most likely ready to wheel and deal eagerly to stay ahead of the game.
“After two years of hardly a holiday deal, the market is ripe for some seasonal cheer. Inventory growth is not slowing, and nothing motivates a seller like a lot full of unsold cars,” according to Brian Finkelmeyer, senior director of insights and advisory for Cox Automotive. “We’re expecting more promotions and incentives from select automakers in the weeks ahead. Will that be enough to offset the interest-rate Grinch haunting the market right now? Not entirely, but some ‘December to Remember’ deals won’t hurt.”
How rich are automakers’ incentives set for the remainder of November. How about $30,000 cash back on a full-electric 2023 Audi RS e-tron GT? Even with a startling starting price of $147,100, it amounts to 20% off the top, and that’s before what should be a hefty dealer discount. In fact we found a multitude of Black Friday promotions in effect, with Audi in particular slapping cash rebates on the hoods of virtually every model it sells in the U.S., which is unusual for a luxury brand.
We’ve compiled an extensive list of vehicles from the 2023 and 2024 model years being offered for the remainder of November with what look to be widely available cash-back deals of at least $3,500, with many more in the $500-$3,000 range.
With supply now exceeding a suddenly slumping demand, automakers’ incentives on electric vehicles in particular are especially rich right now. In addition to the aforementioned rebates, several brands that don’t otherwise qualify for the one-time $7,500 federal tax credit granted to EV buyers are able to exploit a loophole and pass all or part of that amount along to those leasing a new electric ride to lower up-front costs and/or monthly payments.
What’s more, with financing rates having risen to levels we haven’t haven’t seen in years, automakers are likewise helping dealers attract buyers with low-rate financing deals through their captive financing divisions, with many models being offered with loans in the 0.9%-2.9% range.
While the sweetest financing deals of all – those with 0.0% interest – remain elusive, we did manage to find several models being offered with zero percent loans (and a few that include bonus cash rebates), and we’re likewise listing them below.
There’s a couple of caveats, however: First, the best deals at this time of the year are almost always on leftover inventory from the prior model year (2023), which may be unpopular rides in odd colors or undesirably equipped, so bargain hunters will want to keep their options open in this regard.
Since automakers’ incentives often vary by region, usually to address local supply and demand issues, be sure to check a manufacturer’s website or contact a local dealership to see what’s being offered locally. As always, additional incentives may apply to any of our best deals this month, such as those often offered to recent college graduates and members of the military or those currently owning or leasing a same-brand model or one from a specified competitor.
Finally, keep in mind that cut-rate financing programs like the ones featured here are only available to borrowers who have top-tier credit scores; those with pockmarked credit histories will be required to pay higher rates.
Best Black Friday Cash Rebate Deals
- 2023 Audi RS e-tron GT: $30,000 cash back.
- 2023 Audi S8: $20,000 cash back.
- 2023 Audi e-tron GT: $20,000 cash back.
- 2023 Audi A8: $17,500 cash back.
- 2024 Audi RS e-tron GT: $15,000 cash back.
- 2023 Audi SQ7: $9,000 cash back.
- 2023 Hyundai Ioniq 6: $7,500 cash back.
- 2023 Hyundai Ioniq 5: $7,500 cash back.
- 2023 Ford F-150 Lightning: $7,500 cash back.
- 2023 Kia EV6: $5,000 cash back.
- 2023 Dodge Durango: $5,000 cash back.
- 2024 Audi A8: $5,000 cash back.
- 2024 Audi Q8 e-tron: $5,000 cash back.
- 2024 Audi Q8 e-tron Sportback: $5,000 cash back
- 2024 Audi S8: $5,000 cash back
- 2023 Audi Q5: $5,000 cash back.
- 2023 Audi Q5 Sportback: $5,000 cash back.
- 2023 Audi Q7: $5,000 cash back.
- 2023 Audi SQ5: $5,000 cash back.
- 2023 Audi SQ5 Sportback: $5,000 cash back.
- 2023 Audi SQ8: $5,000 cash back.
- 2024 Hyundai Ioniq 5: $5,000 cash back.
- 2023 GMC Sierra 1500: $4,000 cash back.
- 2023 Audi Q4 e-tron: $4,000 cash back.
- 2023 Ram 1500: $4,000 cash back.
- 2024 Kia EV6: $3,750 cash back.
- 2023 Chrysler Pacifica PHEV: $3,750 cash back.
- 2023 Kia Niro EV: $3,750 cash back.
- 2023 Audi A4: $3,000 cash back.
- 2023 Audi A6: $3,000 cash back.
- 2023 Audi Q8: $3,000 cash back.
- 2023 Ford Mach-E: $3,000 cash back.
Best Black Friday Financing Deals
- 2023/2024 Ford Edge: 0.0% for 60 months, plus $1,000 cash back.
- 2023 Ford Mustang Mach-e: 0.0% for 48 months.
- 2023 Hyundai Santa Fe: 0.0% for 60 months, with no payments for 90 days.
- 2023 Hyundai Santa Fe Hybrid: 0.0% for 60 months, with no payments for 90 days.
- 2023 Hyundai Tucson: 0.0% for 60 months, with no payments for 90 days.
- 2023/2024 Mitsubishi Outlander: 0.0% for 36 months.
- 2023 Nissan Altima: 0.0% for 36 months, plus $1,000 cash back.
- 2024 Nissan Altima: 0.0% for 36 months, plus $500 cash back.
- 2023 Nissan Murano: 0.0% for 36 months, plus $1,000 cash back.
- 2023 Nissan Titan/Titan XD: 0.0% for 60 months.
- 2023 Subaru Solterra: 0.0% for 72 months.
Read the full article here