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Automotive Leftovers: The Best Deals on Last Year's Models

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author photo by Doug DeMuro November 2015

Thanksgiving is here, and it's time for leftovers. Leftover turkey. Leftover gravy. Leftover mashed potatoes. Leftover relatives you've grown tired of by Thursday night, even though they aren't leaving until Sunday.

It's also time for leftover cars, the cars still worth considering even though they're a little past their prime, much like the leftover gravy and turkey in your fridge. Last year's models are available this holiday season in droves with some amazing incentives, as manufacturers do their best to make room for shiny new 2016 models. We've listed a few of our favorites, and while the models highlighted may not be the newest or most advanced cars on the market, you can bet the models on our list will be among the cheapest. Think of all the money you'll save as a reward for the hour you spent at Thanksgiving trying to teach Uncle Herb how to send a text message.

Chevrolet Malibu

A new Chevrolet Malibu is just around the corner, which means there are some excellent deals available today on leftover versions of the current model that made its debut for the 2013 model year. Specifically, Chevrolet is offering two incentives on the 2015 Malibu. For qualified shoppers interested in paying with cash, the automaker is touting up to $1,500 cash back, a good deal considering the Malibu starts at just $22,600 with shipping. Qualified drivers looking to finance can also find a good deal, as Chevrolet is touting 0 percent interest for up to 60 months on all remaining 2015 Malibu models. If you're interested, we especially recommend the well-equipped Malibu 1LT, which starts at $25,900 and includes a 7-inch touchscreen, Bluetooth audio, a USB connection for music, automatic headlights and Chevrolet's MyLink infotainment system with app compatibility.

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Chevrolet Volt

We really like the fully redesigned 2016 Chevrolet Volt, which touts new styling, an improved interior and a longer range than the outgoing model. If you're looking for the best possible deal, you'll want to choose a leftover version of the outgoing 2015 Chevrolet Volt. In addition to available federal and state tax credits, the 2015 Volt offers three available deals for shoppers looking for a great deal on a green car. The best incentive is for qualified shoppers looking to finance, as Chevrolet is offering 0 percent interest for up to 72 months and $1,500 cash back. For those looking to pay in full, Chevrolet is touting up to $2,500 cash back on all 2015 Volt models. Finally, shoppers looking to lease a 2015 Volt can put $1,500 down and have payments from just $228 per month for 39 months, which isn't a bad deal on a high-tech fuel-saver, like the Volt.

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Dodge Grand Caravan

Although Dodge hasn't officially confirmed the demise of the Grand Caravan, the brand has strongly hinted that it will be canceled (or possibly revamped) next year. It doesn't surprise us, considering the Grand Caravan has existed in its current form more or less since 2008, longer than any other minivan on the market except for the Grand Caravan's Chrysler Town & Country mechanical twin. Also not surprising are the excellent incentives designed to help clear leftover 2015 Grand Caravan models off dealer lots. While the best deal offers 0 percent interest for up to 75 months, it isn't the only offer. Dodge is also touting 1.9 percent interest for up to 84 months on all 2015 Grand Caravan models. Shoppers looking to pay in full can receive an amazing $4,250 cash back on SE trim levels and up, an amazing figure considering the Grand Caravan SE starts at just $25,200 with shipping.

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Honda Civic

Although Honda has not yet confirmed when its next-generation Civic will hit your local dealership, we expect to see it reach dealerships sometime next year. For shoppers who aren't interested in the dependable compact car's newest design, however, Honda is offering some great deals on leftover 2015 Civic models through the end of the year to clear out dealership inventory before 2016 models arrive. Specifically, the automaker is offering 0.9 percent interest for up to 60 months and 1.9 percent interest for up to 72 months on all 2015 Civic sedan models, which are excellent rates for the popular car. For shoppers who would rather lease, Honda also has a good deal available: a 39-month term with payments from just $149 per month on the Civic LX sedan after $1,999 down at lease signing.

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Jaguar XF

The Jaguar XF is a high-end luxury sedan serving as Jaguar's entry-level model until the arrival of the brand's all-new XE next year, at least. The impending debut of that model, coupled with a completely new XF due out for 2016, has inspired Jaguar to offer some impressive deals on leftover 2015 XF models for shoppers interested in leasing or financing their next luxury sedan. For shoppers looking to lease, the XF 2.0T is available for 39 months with payments from just $449 per month after $4,355 down at lease signing, a surprisingly inexpensive way to get into a new Jaguar. For shoppers looking to finance, every XF is offered with 1.9 percent interest for up to 60 months. The XF also features an impressive list of standard equipment including front and rear parking sensors, leather upholstery, dual power front seats, a 7-in touchscreen and a navigation system.

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Kia Optima

The 2015 Kia Optima is one of our favorite leftovers. That isn't because we don't like the brand-new 2016 Optima, which touts new features and a fuel-efficient new powertrain, but rather because we loved the outgoing Optima's handsome, coupelike styling. We also love the 2015 Optima's incentives. With a new 2016 model already in dealerships, drivers can find some great deals on last year's model, including 0 percent interest for up to 60 months, 0.9 percent interest for up to 72 months or, for drivers looking to pay in full, up to $2,500 cash back. Shoppers can also find a good lease deal on a base-level 2015 Optima LX, as payments start from $178 per month for 24 months after $1,999 down at lease signing.

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Lexus RX and RX Hybrid

There's a new Lexus RX coming out for the 2016 model year, one offering sharper handling, a few new features and a bold new look compared to the current model. The new RX keeps the same powertrains as last year's model and many of the same features, which means shoppers who don't need the latest styling can find a good deal if they choose a leftover 2015 RX instead of the new 2016 model. Lexus is thinking the same thing, as the automaker is currently offering interest rates as low as 0.9 percent for up to 36 months, a rare deal on the brand's most popular vehicle. Shoppers looking to lease can receive an even better deal, as Lexus is touting a 36-month term on the 2015 RX 350 with payments from $399 per month after $1,276 down.

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Mercedes-Benz GLK

The Mercedes-Benz GLK is receiving a redesign and a new name for the 2016 model year, ditching its GLK nameplate in favor of the GLC moniker. It's also receiving some new powertrains and new features, as you might expect with a clean-sheet redesign. Drivers looking for the best deal won't want the brand-new model; they'll want a leftover 2015 GLK, which is available with several strong incentives to help dealers clear out their inventories in preparation for the GLC's arrival. What are those incentives? The best offer is a lease incentive, which touts a 39-month term with payments from $399 per month after $4,593 down at lease signing. For shoppers who would rather finance a GLK, Mercedes also has deals available: 2.99 percent interest for up to 36 months or 3.99 percent for up to 60 months. Both are strong offers on a popular crossover, assuming you don't mind having a leftover design.

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Toyota Prius

There's an all-new Toyota Prius coming out for the 2016 model year, which means there are some excellent deals to be had on leftover versions of the 2015 model, which is still available at dealers nationwide. The best offer is for qualified shoppers looking to finance, as the 2015 Prius can be had with 0 percent interest for up to 60 months and up to $1,000 cash back, a deal that would've been unheard of only a year ago, prior to the announcement of the new model. Meanwhile, shoppers looking to lease can have a 2015 Prius for up to 36 months with payments from $179 per month after $2,599 down at lease signing. No, you won't have the latest Prius styling if you take advantage of these deals, but you'll still have 50 miles per gallon in combined city and highway driving, a roomy interior and a long list of available equipment including a head-up display, automatic headlights and Toyota's Entune infotainment system with an impressive list of compatible apps.

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Toyota Venza

The midsize Toyota Venza crossover won't be making a return for the 2016 model year. Based on the popular Camry sedan and offering 2-row seating, the main reason for the Venza's cancellation is that it had trouble striking its own identity in Toyota's crowded crossover lineup, which features popular models, like the RAV4, 4Runner and Highlander, all within a few inches of the Venza's overall size. Still, shoppers interested in a good deal on a leftover 2015 Venza can certainly find one, as the crossover is currently offered with several impressive incentives, including up to $2,000 cash back for drivers looking to pay in full or 0 percent interest for up to 60 months for qualified drivers who would rather finance.

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This image is a stock photo and is not an exact representation of any vehicle offered for sale. Advertised vehicles of this model may have styling, trim levels, colors and optional equipment that differ from the stock photo.
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