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Best New Car Deals in August

2014 GMC Sierra 1500 (General Motors Co.)

As automakers look to clear their lots of 2013 model year vehicles to make room for the 2014 models, they’ve added significant discounts to many vehicles. This month, there are many interest-free financing deals, cash back rebates and great lease deals on new vehicles, including both 2013 and 2014 models. Some lease deals don’t require a down payment, and there are low monthly lease payments available on a number of vehicles as well.

Purchase Deals

General Motors is offering low-interest financing deals on many of its vehicles, including Chevrolet, Buick and GMC vehicles. For buyers who prefer to bring their own financing, GM is also offering a number of cash-back deals. For example, affordable midsize SUVs like the 2013 Buick Enclave and GMC Acadia are available with either no-interest financing for five years or $1,500 cash back. Chevrolet is offering up to $5,000 cash back on the plug-in electric hybrid 2013 Volt.

Other automakers are offering great purchase deals as well. Mazda is offering the 2013 Mazda3 with no-interest financing for five years in addition to $500 or $1,000 cash back, depending on where you live, or just $1,500 cash back without financing. Volkswagen is offering five years of no-interest financing on all of its 2013 models. Subaru is also offering no-interest financing on some of its 2013 models, including the Tribeca, Forester and Outback.

Lease Deals

Nissan is offering a good lease deal on the 2013 Altima, which is available for $199 per month for three years with $1,999 due at signing in most regions. Or if you’d prefer something a bit smaller, you can lease the 2013 Sentra for $159 a month for three years months with $2,399 due at signing. If you’re looking for something with a lower down payment, you can lease the 2014 Kia Forte for $179 a month for three years with $1,999 due at signing. If you like the redesigned 2014 GMC Sierra 1500, you can lease one for $399 a month for three years with $2,509 due at signing.

There are a number of leases that don’t require a down payment at all. Keep in mind that the monthly payment on these models is typically higher than comparable models that do have a down payment. The 2013 Honda CR-V can be leased for $300 a month for three years months with no down payment, as well as no first-month’s payment, so you’re only paying for 35 months. Honda is offering a similar deal on the 2013 Accord, which can be leased for $280 a month for three years with no first month’s payment. Kia is offering the 2013 Soul with for $219 a month for three years with no down payment.

In the market for a new car? Check out the U.S. News rankings of this year's best cars. Then, look for a great deal on a new car by checking out this month’s best car deals. Also, be sure to follow us on Twitter and Facebook.

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