Best June Finance Deals
by Gary Hoffman | AOL Autos
Posted: Jun, 16 2009With HP wireless printers, you could have printed this from any room in the house. Live wirelessly. Print wirelessly.
As they try to fight their way out of the current sales slump, automakers have turned low-rate financing as their key incentive for consumers. Some of the best offers involve either 0% financing for 60 months and combinations of a low interest rate and a cash rebate. They deliver what consumers are especially looking for these days: a low-monthly payment they can fit into a tight household budget.
In Pictures: 20 Great June Financing Deals
You can find 0% deals on everything from $13,000 compacts to $40,000 luxury cars. Even at the low end, a special interest rate could easily trim $35 to $40 off your monthly payment, and bring your total savings to more than $2,000. All other things being equal, your new car will doubtless get better mileage than your old one, adding to your savings. One final observation: As GM and Chrysler emerge from restructuring, they intend to finally break their old overproduction habits and rely less on huge incentives to sell their vehicles. That will affect the entire industry. Prices will trend upward and incentives will shrink. As a result, there may be no better time to buy a new vehicle than right now.
Editor's Pick: 2009 Chevrolet Cobalt
As gas prices steadily rose during late spring, the special advantage of the Chevy Cobalt stood out: This compact averages 37 mpg on the highway, more than virtually every other car on the road -- thanks to its base 2.2-liter, 155-horsepower four-cylinder engine. By some standards, the Cobalt is a subcompact, not a compact, but that distinction will matter little to drivers saving hundreds of dollars every year at the pump. While Cobalts have been snapped up in the past, the ongoing sales slump has assured an ample supply for consumers right now. Aside from its smaller base engine, the Cobalt is available as an SS, with a 260 hp, 2.0-liter turbo four-cylinder engine. The base power plant has either a five-speed manual or a four-speed automatic transmission, and the turbo comes with a five-speed manual. At some point, dealers will be especially motivated to keep the Cobalt moving off their lots since the new Chevrolet Cruze is due to replace it in 2010.
In Pictures: 20 Great June Financing Deals
Please Note: These deals only apply to the month listed above.
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