Most Discounted New Car Deals Right Now

New Car Deals Below MSRP

According to Consumer Reports, while the new car market of the past had been relatively stable with little fluctuation in pricing, the pandemic carryover from the past two years still pushes prices to their highest turning that yesteryear fluctuation more into a wild roller coaster ride.

However, this does not mean that discounts are a thing of the past---you just have to be on top of the market and catch those deals during the dips of the ride. Especially with end of year sales when dealerships need to make room for next year’s models.

To help car buyers be aware of those dips, analysts at CR recently mined car purchasing data to find out what models people are buying today that offer savings below the MSRP ranging from 1 percent to 10 percent off the original price.

However, the caveat to these deals is that they “…can vary not only by vehicle but also by geographic region. Being armed with the latest information on pricing, rebates, and transaction prices in your area can help you net a good deal,” say Consumer Reports analysts.

Related article: Mechanic Helps Car Buyers Find the True Value of a Used Car

With that in mind, the importance of this listing is that it arms car shoppers with the most recent listings of what sold when and for how much, which adds to your arsenal as you negotiate with a car dealer using your fact-based research. Furthermore, there is the added benefit of the knowledge that the trade-in value of your used car is an even more important bargaining chip this year than it was before the pandemic.

THE 10 MOST DISCOUNTED NEW CARS RIGHT NOW

That said, here are the 10 most discounted new car deals you may want to consider toward buying right now.

1. 2022 Alfa Romeo Giulia (10% Off)
Price Range: $43,350 - $78,830
CR MPG: Overall 27 / City 18 / Hwy 39 mpg
Rated #14 of 16 Luxury compact cars

Selected model: 2022 Alfa Romeo Giulia Sprint RWD
MSRP: $43,350
Average savings off MSRP: $4,119
Average transaction price: $39,231

2. 2022 Alfa Romeo Stelvio (4% Off)
Price Range: $45,550 - $84,650
CR MPG: Overall 24 / City 17 / Hwy 32 mpg
Rated #22 of 35 Luxury compact sport-utility vehicles

Selected Model: 2022 Alfa Romeo Stelvio Sprint RWD
MSRP: $45,550
Average savings off MSRP: $1,789
Average transaction price: $43,761

3. 2022 Jeep Gladiator (3% Off)
Price Range: $37,170 - $49,110
CR MPG: Overall 18 / City 13 / Hwy 23 mpg
Rated #9 of 11 Compact pickup trucks

Selected Model: 2022 Jeep Gladiator Rubicon
MSRP: $49,110
Average savings off MSRP: $1,309
Average transaction price: $47,801

4. 2022 BMW X3 (2% Off)
Price Range: $43,700 - $70,100
CR MPG: Overall 24 / City 16 / Hwy 36 mpg
Rated #6 of 35 Luxury compact sport-utility vehicles

Selected Model: 2022 BMW X3 xDrive30i AWD
MSRP: $45,700
Average savings off MSRP: $935
Average transaction price: $44,765

5. 2022 BMW X5 (2% Off)
Price Range: $60,600 - $106,100
CR MPG: Overall 23 / City 15 / Hwy 33 mpg
Rated #1 of 31 Luxury midsized sport-utility vehicles

Selected Model: 2022 BMW X5 sDrive40i
MSRP: $60,600
Average savings off MSRP: $918
Average transaction price: $59,682

6. 2022 Cadillac XT4 (1% Off)
Price Range: $35,795 - $42,095
CR MPG: Overall 23 / City 16 / Hwy 31 mpg
Rated #10 of 13 Luxury entry-level sport-utility vehicles

Selected Model: 2022 Cadillac XT4 Sport FWD
MSRP: $39,395
Average savings off MSRP: $551
Average transaction price: $38,844

7. 2022 Volvo XC60 (1% Off)
Price Range: $42,650 - $70,000
CR MPG: Overall 23 / City 15 / Hwy 32 mpg
Rated #13 of 35 Luxury compact sport-utility vehicles

Selected Model: 2022 Volvo XC60 B5 Momentum FWD
MSRP: $42,650
Average savings off MSRP: $468
Average transaction price: $42,182

8. 2022 Land Rover Discovery Sport (1% Off)
Price Range: $43,200 - $48,500
CR MPG: Overall 21 / City 14 / Hwy 28 mpg
Rated #24 of 35 Luxury compact sport-utility vehicles

Selected Model: 2022 Land Rover Discovery Sport SE
MSRP: $46,700
Average savings off MSRP: $391
Average transaction price: $46,309

9. 2023 Cadillac XT5 (1% Off)
Price Range: $44,195 - $57,095
CR MPG: Overall 20 / City 13 / Hwy 30 mpg
Rated #2 of 35 Luxury compact sport-utility vehicles

Selected Model: 2023 Cadillac XT5 Luxury FWD
MSRP: $44,195
Average savings off MSRP: $317
Average transaction price: $43,878

10. 2022 Mitsubishi Outlander Sport (1% Off)
Price Range: $21,445 - $28,045

Selected Model: 2022 Mitsubishi Outlander Sport SE Special Edition 2.0 FWD CVT
MSRP: $25,195
Average savings off MSRP: $140
Average transaction price: $25,055

And finally…

If you want to learn more about the vehicles listed above, be sure to use Torque News’ search option in the header above to find past articles and reviews on many models, both current and past.

For a more detailed breakdown of the data, please visit the CR website. Note that while access to some information requires a CR membership, the potential savings make it negligible in comparison when looking for the latest information to aid your car buying research.

Be sure to check out other CR-related articles for saving money that include “Consumer Reports Shows All-Wheel-Drive Owners How to Save Money on Their SUV Tires” and “Consumer Reports Treadwear Testing Reveals How Long Some Tire Types Really Do Last.”

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Timothy Boyer is Torque News reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily Tesla and electric vehicle news.

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