Car clearance deals offer exceptional opportunities for savvy shoppers to secure significant savings on new vehicles. This guide delves into the intricacies of these deals, providing insights to help you navigate the process and maximize your benefits.
What Are Car Clearance Deals—and Why Do They Exist?
Car clearance deals are special promotions offered by dealerships to move remaining inventory, often at the end of a model year or when new versions are arriving. Dealerships need to make room on the lot, hit sales quotas, and clear out last season’s models—all of which can mean serious savings for the buyer.
How Do Clearance Prices Compare to Regular Car Prices?
Clearance prices are typically 10% to 20% lower than the manufacturer's suggested retail price (MSRP), with savings sometimes exceeding that. These markdowns make higher trims and better-equipped vehicles more affordable. However, final discounts vary by model, region, and dealer inventory.
When’s the Best Time to Find Car Clearance Deals?
Late summer to early fall (August–October): As new model years roll in, dealers discount current inventory.
End of the calendar year (December): Dealers strive to meet annual targets, which often means deep discounts and aggressive promotions.
End of the month/quarter: Salespeople may have quotas to hit and be more willing to negotiate.
Popular Clearance Deals at a Glance
Model Original MSRP Clearance Price Potential Savings Key Features
2023 Toyota Camry LE $26,220 $23,598 $2,622 Fuel-efficient, reliable
2023 Honda CR-V LX $28,410 $25,569 $2,841 Spacious, strong resale value
2023 Ford F-150 XLT $41,800 $37,620 $4,180 Powerful, versatile
2023 Chevy Malibu LT $27,495 $24,745 $2,750 Comfortable, well-equipped
2023 Nissan Altima S $25,290 $22,761 $2,529 Advanced safety features
Note: Prices are based on recent market data and may vary by location and dealer.
Tips to Maximize Car Clearance Deals
o get the best deal:
Do your research on fair pricing (Kelley Blue Book, Edmunds, etc.)
Stay flexible on features and colors
Shop multiple dealerships
Check for additional rebates or financing incentives
Negotiate—even clearance prices often have wiggle room
Act quickly, especially if you spot a rare or high-value model
Car clearance deals are a golden opportunity to get more car for your money. By understanding the timing, doing your research, and comparing options, you can drive away in a brand-new vehicle at a fraction of the cost.
Just remember to act strategically, shop smart, and always evaluate both the short- and long-term value of the deal.