August is typically a good month to buy a new car. Manufacturers are rolling out the next model year in full force and dealers come up with all sorts of incentives to move inventory off the lot.
The editors at Kelley Blue Book (KBB) have been monitoring sales prices and incentives and found more than a few good deals, no matter what type of vehicle you're considering.
"August is a great time to snag a deal on a new 2015 model-year car, as dealers are clearing their lots during this summer sell-down period making way for the new 2016 model-year inventory," said Jack Nerad, executive editorial director and executive market analyst for Kelley Blue Book's KBB.com. "Whether you're looking for a compact car, an SUV or a sedan, this month's list of noteworthy deals has a wide variety of choices.”
KBB has broken down its picks in terms of lease value, incentives, and financing.
Enclave number 1 overall
In terms of lease deals, the 2015 Buick Enclave drives away the winner and earns the top spot on the list. The Enclave, Buick's high-end SUV, has an MSRP just under $40,000, but can be leased for 39 months for $319 and just $1,817 down.
The second best August deal wins its spot for its incentives. The 2015 Hyundai Elantra Value Edition carries a discounted price of $1,100 off the MSRP. In addition, it provides $1,500 cash back.
Coming in at number 3 in terms of August's best deals is a lease of the 2015 Chevrolet Spark EV. Fuel efficient vehicles have fallen out of favor due to falling gasoline prices, and the Spark's lease terms reflects that. The Spark can be leased for just $138 a month for 39 months with zero down.
Number 4 wins its spot on the list for a combination of incentives and financing. The 2015 Toyota Venza has an MSRP of $29,965, but KBB says it should sell for $27,091. In addition, you should be able to drive away with $2,000 cash back and 0% financing for 60 months, with good credit.
The fifth overall best deal is a lease on the 2015 Lexus GS. A 36 month lease will cost $409 a month with $2,499 due at signing.
Incentives & financing
The 2015 Kia Forte comes in at number 6 with an impressive incentive and financing package. KBB estimates the Forte should sell at a $1,300 discount to the MSRP. In August it comes with $1,500 cash back and 0% financing for 60 months.
The 2015 Volkswagen Tiguan is another eye-catching lease deal, coming in at number 7 on KBB's list. For starters, KBB predicts a $3,400 discount off the MSRP. At that price, a 36 month lease is just $179 a month with $2,499 down.
Number 8 on the list is another lease – the 2015 Cadillac ATS. A 36 month lease is available for $269 a month with $2,659 down.
Ninth on the list of August deals is the 2015 Ford Taurus. KBB says the car can be purchased for $28,204 and buyers will get $5,000 cash back.
Rounding out the list is another attractive incentive and financing package. It's on the 2015 Volkswagen Passat, which KBB says is selling this month for more than $3,000 off the MSRP. In addition, it comes with $1,000 cash back and 0% financing for 60 months.