SUV Deals: March 2012
Since many people purchased a new SUV last year in preparation for upcoming winter weather, most automakers are offering great deals to clear out the remaining models as the snow clears and temperatures begin to rise. We've searched through many automakers' incentives and special offers, locating some of the best deals for buyers looking to bring home a new SUV or crossover this month at a fair price.
The versatile Chevrolet Traverse crossover is available with several special offers throughout March and April. For car shoppers looking to lease the SUV, Chevy says a 24-month lease is available with $1,849 due at signing and payments starting at just $299 per month - a great deal considering the starting price is around $30,000. The automaker also says qualified buyers looking to finance their Traverse can get zero percent interest rates for up to 60 months, while consumers paying in full can get up to $2,000 cash back. Chevrolet has even better deals available on remaining 2011 Traverse models, including zero percent interest rates for up to 72 months and a whopping $3,000 cash back.
Ford will soon replace its compact Escape SUV with an all-new model, which means the automaker is using special offers and incentives to clear out remaining units of the current version. For qualified buyers looking to finance their Ford Escape, all 2012 models are available with zero percent interest rates for up to 60 months and $500 cash back. Shoppers with cash in hand (or a loan from their own bank or credit union) can get up to $2,500 cash back - an impressive deal for a vehicle that starts at just $21,000. And while purchasing a new Escape means your vehicle will soon be rendered obsolete by a newer model, you can rest assured knowing even today's version remains a dependable, solid choice among compact SUVs.
The 7-passenger Hyundai Veracruz is available with a wide array of incentives throughout March. For shoppers looking for a brand new 2012 model, Hyundai is offering 0.9 percent interest rates for up to 48 months plus $1,000 cash back, or - for customers paying in full - up to $1,250 cash back. The automaker is also offering lease rates starting at just $299 per month for 36 months with just over $3,000 due at signing. Hyundai is advertising similar deals to customers willing to take a leftover 2011 Veracruz, though the automaker's cash back offer rises to a more impressive $1,750 to account for the outdated model year.
Jeep Grand Cherokee
Although the recently redesigned midsize Jeep Grand Cherokee has proven popular with consumers, the automaker still has several incentives on the SUV throughout March. The best offer is a lease deal on the 2012 Grand Cherokee Laredo, which comes in at an impressive $319 per month after $2,499 at signing. But Jeep is also advertising several special offers for consumers interested in purchasing the SUV, including $1,000 cash back for buyers paying in full and zero percent financing for up to 36 months for car shoppers who wish to finance. Regardless of your choice, we're excited that a sought-after new SUV like the Grand Cherokee is already available with a factory-backed discount.
There are several great deals on the US-built midsize Kia Sorento SUV throughout March. For shoppers looking to lease their Sorento, Kia is offering payments as low as $239 per month with $2,499 due at signing - a great rate even if it means choosing the standard 175-horsepower 4-cylinder instead of the more powerful V6. Kia is also offering 1.9 percent interest rates for qualified buyers looking to finance their Sorento, as well as $1,500 cash back for qualified consumers who purchase the midsize SUV. Kia is also offering $500 bonus cash to qualified Sorento buyers who trade in competitive models like the Honda Pilot and Toyota Highlander.
Although the midsize Mazda CX-9 won Motor Trend's coveted SUV of the Year title when it debuted in 2008, many SUV shoppers still overlook it in favor of more popular offerings from Honda and Toyota. We think it deserves a look - especially considering its impressive incentives throughout March. According to Mazda, 2012 CX-9 models feature zero percent interest rates for up to 60 months while remaining 2011 CX-9 models feature the same offer plus $1,000 cash back. Mazda also says qualified buyers can lease the SUV for 42 months with zero due at signing for just $392 per month.
What it means to you: Many automakers are using March to do some spring cleaning of their SUV inventory.