Black Friday is a legendary retail rush, but you might be surprised to learn that the deals extend beyond the shopping malls and into new car showrooms where the savings can be substantial.
In some cases those savings can be enough to justify paltry purchases like a premium equipment package, but others could equate a second car purchase. A new report from TrueCar reveals that there are some serious savings on the table this season for those ready to buy a new luxury car — in some cases more than $15,000. Furthermore, the site is forecasting that there will be an industry average 8.5 percent discount on new car prices tomorrow.
For example, the site lists that a 2012 BMW 750i ActiveHybrid, which normally retails for $97,895 will sell for an average $82,378, which is a 15.9 percent discount. Profit margins generally tend to grow with how premium the car you shop for is, meaning less expensive cars won’t offer such drastic price cuts, but the 2012 Lincoln MKZ Hybrid can still be had for an average 15.4 percent below retail.
There are also some fantastic financing offers on the table with cars like the 2012 Acura TSX and 2013 Audi A4 both being offered at 0.9 percent rates for up to 60 and 66 months respectively.
This is also the time of year where people often rack up record consumer debt — something automakers are no doubt aware of. Offers like this obviously play into that as brands try to clear out old inventory with new models reaching dealerships.