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New Car Deals: October 2016

If you’re looking to buy a new car in October, you’ve come to the right place. We’ve listed today’s top new car deals, incentives and special offers on several of our favorite new models — proving that a great new vehicle doesn’t have to break the bank. Best of all, we’ve included low-interest offers, lease deals and cash-back incentives to ensure we’ve found something for everyone.

Buick LaCrosse

The full-size Buick LaCrosse sedan offers a comfortable ride, a lot of interior room and enough technology and engine power to satisfy the vast majority of shoppers. In October, the 2016 LaCrosse offers three impressive incentives. The best deal is for qualified shoppers looking to finance, as Buick is offering 0 percent interest for up to 60 months, plus up to $750 cash back. Drivers looking to pay in full can get up to $3,250 cash back. Finally, qualified shoppers looking to lease a LaCrosse can get a 39-month term with payments from $289 per month after $2,649 down at lease signing.

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Cadillac ATS

The Cadillac ATS is a luxurious sport sedan with excellent handling and high-end features and amenities. In October, the 2016 ATS is available with several incentives for qualified shoppers interested in a good deal on a new luxury car. The best offer is for those looking to finance, as Cadillac is offering 0 percent interest on all ATS models for up to 72 months. For drivers who would rather lease, Cadillac has another offer available: monthly payments from $349 per month for 36 months after $4,029 down at lease signing. Finally, Cadillac is offering up to $3,000 cash back for shoppers looking to pay in full.

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Chevrolet Cruze

The completely redesigned compact 2016 Chevrolet Cruze has earned a lot of praise for its technology, styling and driving characteristics — and this month, it also offers some excellent deals for qualified shoppers. The best deal is for drivers looking to finance, as Chevy is offering 0 percent interest for up to 72 months — a deal you can’t get on a 2017 model. Meanwhile, lease shoppers can choose from two offers: a 39-month term with payments from $189 per month and $1,999 down on a 2017 model, or the same term and down payment with payments from $169 per month for a 2016 model. Finally, shoppers paying in full can get up to $1,000 cash back on a 2017 Cruze or $500 cash back on a 2016 model.

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Ford Fusion

The Ford Fusion is a popular midsize sedan that offers handsome styling, excellent technology and a dizzying array of trim-level options and powertrain choices. In October, the 2016 Fusion is available with incentives for qualified shoppers interested in financing their next car or paying with cash. The best deal is for drivers looking to finance, as Ford is offering 0 percent interest for up to 60 months or 1.9 percent interest for 72 months. For drivers looking to pay in full, Ford has another deal available: up to $2,250 cash back, which is a big number for a midsize sedan.

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Hyundai Veloster

The Hyundai Veloster is a popular compact hatchback that doubles as a sporty coupe thanks to bold styling and impressive driving capabilities. In October, the 2016 Veloster is also available with several excellent incentives. The best deal is for qualified shoppers looking to finance the hatchback, as Hyundai is touting 0 percent interest for up to 72 months, plus up to $1,000 cash back. Shoppers interested in paying in full can also get a good deal, as Hyundai is offering an almost-amazing $4,000 cash back on the Veloster. Finally, lease shoppers can get a 2016 Veloster with payments from $169 per month for 36 months after just $899 down at lease signing.

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Lexus IS

The Lexus IS sport sedan is a sharply styled luxury model with impressive performance and excellent handling. In October, the 2016 IS offers three strong incentives for qualified shoppers interested in getting a good deal on a new Lexus. The best deal is for drivers looking to finance, as Lexus is offering 0.9 percent interest for up to 72 months — a deal that also includes up to $1,500 cash back. Meanwhile, drivers looking to pay with cash can get up to $2,500 back, while lease shoppers can get payments from $329 per month for 36 months after $1,599 down at lease signing.

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Nissan Versa

The subcompact Nissan Versa is a small car that focuses on affordability and fuel economy above all else. In October, the Versa is even more affordable thanks to cash-back incentives from Nissan. The best deal is on the 5-door Versa Note hatchback, as Nissan is offering up to $1,000 cash back on all Versa Note models. But shoppers who prefer the less-expensive Versa sedan can also get a great deal of up to $750 cash back. This month, Nissan is also offering the Versa with $500 cash back for active and reserve members of the military and recent military veterans.

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Volvo S60

The Volvo S60 is a luxurious sedan that straddles the line between compact and midsize, sporty and luxurious. It’s certainly more affordable than most competitors, however, and it gets better gas mileage, too. In October, the 2017 S60 offers an even better deal than usual thanks to several strong offers from Volvo. The best deal is for qualified drivers looking to finance an S60, as Volvo is offering 1.9 percent interest for up to 60 months and up to $1,000 in options allowances — which is similar to a cash-back deal. Drivers who would rather lease can also get a good deal, as Volvo is offering an enticing 24-month term with payments from $309 per month after $3,489 down at lease signing.

Find a Volvo S60 for sale

What it means to you: Our latest list includes the best new car deals and incentives available through the end of October.

Doug Demuro
Doug DeMuro writes articles and makes videos, mainly about cars. Doug was born in Denver, Colorado, and received an economics degree from Emory University in Atlanta. After graduation, Doug spent three years working for Porsche Cars North America. Eventually, he quit his job to become a writer, largely because it meant that he no longer had to wear pants. Doug’s work has been featured in a... Read More about Doug Demuro

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