Deals on Luxury Cars: October Edition
Now is a great time to be in the market for a luxury vehicle. Facing heavy competition, upscale brands are introducing exciting new technology meant to trump rivals and make driving more enjoyable. High-end automakers have also rolled out many interesting new body styles, from hatchbacks and "gran turismos" to sporty SUVs - and even the occasional hybrid. Best of all, many of today's luxury brands are intent on hitting aggressive sales targets - and nearly all are relying on incentives and special offers to get them there. We've combed through those incentives, listing today's top offers that give luxury buyers an edge on scoring the best possible deal.
Honda's upscale brand is entertaining three special offers on its popular midsize TL sedan. For buyers looking to lease, the automaker is offering the choice between a $379 monthly payment for 36 months with $2,499 due at signing or $440 per month with no money due up front - a rare deal on a high-end model. The automaker is also offering 0.9 percent interest rates for up to 36 months for qualified buyers who finance through Acura Financial Services, or 1.9 percent rates for 37 to 60 months. If you're looking for a smaller model, Acura is offering similar deals on its TSX sedan, with lease rates from $299 per month with $1,999 due at signing or $350 per month with zero down.
Available as a coupe or convertible, BMW's smallest car also features some of its best offers. The 230-horsepower 128i coupe is available with lease payments as low as $369 per month with $3,594 due at signing, or $419 per month for buyers choosing the sleek, four-seat 128i convertible. For shoppers who prefer the muscular, turbocharged 300-horsepower 135i, lease rates start from just $439 per month for a coupe or $489 for a well-equipped convertible. Meanwhile, qualified buyers looking to finance a 1-series will find available interest rates as low as 2.9 percent for up to 36 months or 3.9 percent for 37 to 60 months.
All four versions of Cadillac's popular Escalade luxury SUV feature attractive incentives through the end of October. Qualified buyers looking to finance their Escalade can take advantage of 1.9 percent interest rates for 36 months on the traditional model, the extended-length Escalade ESV, the Escalade Hybrid, and even the Escalade EXT, which features four doors and a pickup truck-style bed. Cadillac is also offering a 36-month lease with payments as low as $688 on the standard-length Escalade after a $999 down payment at lease signing.
Infiniti's midsize M Hybrid sedan is all-new for 2012, but already available with special financing rates to help jumpstart sales. According to the automaker, qualified buyers who purchase a new M Hybrid by October 31 can receive interest rates as low as 1.9 percent for up to 60 months, or 2.9 percent for 72 months. That's a good deal on a new model, especially considering its efficient yet powerful hybrid engine, which is capable of up to 32 miles per gallon on the highway despite 360 horsepower and a massive 457 pound-feet of torque.
Land Rover's midsize LR4 is one of the most capable and simultaneously luxurious SUVs on the US market - and through the end of the year, it's available with a series of enticing special offers. For buyers looking to finance, the automaker is offering 0.9 percent interest rates for 36 months on all remaining 2011 stock, or 1.9 percent financing for all 2012 models. Consumers who would prefer leasing will find payments of just $699 per month for 36 months with $2,995 due at signing - provided they choose an LR4 equipped with the optional climate comfort package and third-row seating.
If you're looking for a great deal on one of the finest luxury sedans on the market, Mercedes has several special offers available on its flagship S-class. The best deals are on remaining 2011 S550 models, which are offered with 1.9 percent financing for up to 66 months - an unusually long term for a luxury car. But if it must be this year's model, Mercedes is extending the same deal to its diesel-powered 2012 S350 BlueTEC, capable of 21 miles per gallon in city driving and an impressive 31-mpg on the highway. For the rest of its 2012 S-class line, Mercedes is offering lease rates as low as $1,199 per month with $6,593 due at signing, or 2.9 percent financing for up to 66 months.