August Stimulus: Take Advantage of The Best Car Deals with Your Check
We don't have to tell you that this has been a tough year, but now the federal government is considering a 2nd stimulus program to help Americans. Details are not final, but you could see another stimulus check worth up to $1,200. Lawmakers hope the cash will jumpstart the economy, and one way to jumpstart your personal economy is by using the August stimulus as a down payment on a new car. With the incentives, rebates, and lease deals that many automakers are offering as summer winds down, your savings could be significant.
On the pages that follow, we detail the current offers on 10 cars that rate highly for quality and overall performance by their owners in the J.D. Power Initial Quality Study (IQS) and the J.D. Power Automotive Performance, Execution, and Layout (APEAL) Study. They are listed from small to large with mainstream brands shown before luxury brands. When we identify two cars in a segment, the cars are listed alphabetically.
Because special offers can be regional, some might not be available in your area, but each is representative of the kind of savings you can expect.
2020 Chevrolet Sonic: Small Car
The 2020 Chevrolet Sonic small car currently has a cash rebate offer of 15% of the car's manufacturer's suggested retail price. That means you can get as much as $3,359 off the price of the Sonic Premier hatchback. On the lease front, the 5-door LT model is available for $329 per month for 39 months with $1,509 due at signing. The mileage limit on the lease is 32,500.
The Sonic sedan is available in LS, LT, and Premier trims, while the hatchback is offered in LT and Premier trims only. Prices start at $16,720. The Sonic topped the latest J.D. Power Initial Quality Study and was second in the J.D. Power APEAL Study in the small car segment.
2020 Nissan Versa: Small Car
The 2020 Nissan Versa small sedan can be purchased with a $1,000 cashback rebate offer that is good through September 8. There is no national lease promotion on the vehicle, but special regional lease deals might be available in some areas of the country through Labor Day.
The 2020 Nissan Versa is offered in S, SV, and SR trims. Pricing for the base S model starts at $14,830 when equipped with a 5-speed manual transmission. The S trim with continuously variable transmission has a base price of $16,500. The Versa ranked number one in the J.D. Power APEAL Study in the small car segment this year.
2020 Kia Forte: Compact Car
The 2020 Kia Forte compact car is the subject of a wide variety of offers, including 0% financing for up to 60 months, 0.9% financing for up to 66 months, and 1.9% financing for up to 72 months. In addition, there is a $2,500 cashback offer. And customers can lease a Forte LXS for $159 per month for 36 months with $1,699 due on delivery.
The Kia Forte comes in FE, LXS, GT-Line, EX, GT, and GT Manual trims. The base price for the entry-level FE model is $17,890, while the sporty GT-Line starts at $20,490. The Forte was the top-ranking compact car in the J.D. Power 2020 Initial Quality Study.
2020 Nissan Sentra: Compact Car
This month most 2020 Nissan Sentra compact sedans are offered with 0% financing for up to 36 months with up to $750 in cashback. Or, you can arrange your own financing and get a $1,000 cash rebate. In many areas of the country, you can lease a 2020 Sentra SV for $149 per month for 36 months with $3,549 due at signing.
The sedan is available in S, SV, and SR trim levels. The base S has a starting price of $19,310, while the SV has a starting price of $20,370, and the SR has a starting price of $21,650. The Sentra topped the 2020 J.D. Power APEAL Study rankings in the compact car class.
2020 Chevrolet Malibu: Midsize Car
Chevrolet is offering up to $2,750 in cash rebates on the midsize Malibu sedan. If you prefer to lease, a Malibu in LT trim is available for $294 per month for 39 months with no first month's payment, no down payment, and no security deposit. The maximum mileage on the lease without penalty is 32,500 miles.
The stylish and curvaceous Chevy Malibu 4-door is available in L, LS, RS, LT, and Premier trims. Prices start at $22,095 for the Malibu. The car was the top-ranking midsize sedan in the J.D. Power 2020 Initial Quality Study.
2020 Hyundai Sonata: Midsize Car
The high-style, all-new 2020 Hyundai Sonata midsize sedan is the subject of a wide variety of offers extending through Labor Day. Hyundai is offering 0% financing for up to 60 months or 2.9% financing for up to 72 months. Customers can lease a Sonata for $199 per month for 36 months with $2,799 due at lease signing. Hybrid versions of the Sonata have similar offers, although the Hybrid's monthly lease payment is $249.
The Sonata is available in SE, SEL, SEL Plus, and Limited trims. Prices start at $23,600, while the top-line Limited model bases at $33,500. Hyundai's midsize sedan topped the latest J.D. Power APEAL Study in its segment.
2020 Nissan Maxima: Large Car
The 2020 Nissan Maxima large sedan can be financed at 0% for 36 months with cash savings totaling $2,000. The biggest cashback offer is $3,500. For those who lease, the Maxima S has a 36-month lease at $299 per month with a $4,159 initial payment.
Offered in S, SV, and SL trims, the front-drive Maxima is equipped with a continuously variable automatic transmission. The SL model has a dual-panel panoramic sunroof. Pricing for the base S model starts at $34,450 while the SL bases at $38,840. The Maxima ranked number one in its segment in both the J.D. Power APEAL Study and the J.D. Power Initial Quality Study this year.
2020 Audi A3: Small Premium Car
Audi is offering 0% financing with no down payment required on the 2020 Audi A3 small premium car. A $1,000 cash rebate offer is another deal that is available through August. In many areas, you can lease an A3 Sport for $329 per month for 36 months with $3,223 cash due at signing.
The 2020 Audi A3 sedan is available in Sport and S Line trims. The base price for the A3 Sport sedan is $33,300, while the S-Line bases at $36,500. The A3 was the top-ranking small premium car in both the J.D. Power 2020 APEAL Study and the J.D. Power 2020 Initial Quality Study.
2020 Genesis G70: Compact Premium Car
This month most 2020 Genesis G70 models are offered with 0% financing for up to 60 months or 1.9% financing for 72 months. In many regions of the country, you can lease a 2.0T version of the G70 starting at $399 per month for 36 months with $0 due at lease inception.
The Genesis G70 topped the 2020 J.D. Power Initial Quality Study and APEAL rankings in the compact premium car category. The sporty sedan is available in 2.0T, 2.0T Manual, and 3.3T trim levels. The base 2.0T has a starting price of $36,000, while the 2.0T Manual has a starting price of $38,600, and the more potent 3.3T starts at $46,200.
2020 Cadillac CT5: Midsize Premium Car
Cadillac is offering a $2,000 cash allowance on the 2020 Cadillac CT5 midsize premium sedan. For those who like to lease their luxury cars, you can lease a rear-drive CT5 for $419 per month for 39 months with $3,709 due at signing. The maximum mileage before a penalty is 32,500. Cadillac also is offering $1,500 to current lessees who lease a new CT5.
The midsize Cadillac sedan is offered in four trims — Luxury, Premium Luxury, Sport, and CT5-V. Prices start at $36,895 for the Luxury, $40,695 for the Premium Luxury, $41,695 for the Sport, and $47,695 for the CT5-V. The CT5 was top-ranked in IQS and APEAL this year in the midsize premium car segment.
The enticing incentives outlined here, plus an expected government stimulus check, could easily persuade you that now is the time to purchase a new car. The cashback, lease and financing offers we're reporting right now are unusually good, and when you combine the historic financial opportunity with cars that rank at or near the top of our 2020 J.D. Power IQS and APEAL studies, you have the makings of an epic deal on a car that should satisfy you for years to come.