SUVs are one of the most popular vehicle types on the road, with year on year growth seen in nearly every market in the world. In fact, almost 30 million units were sold last year, earning SUV's the top position among all car types. However, surprisingly many SUV and Crossover manufacturers overestimated market demand last year, leaving dealerships stuck with excess inventory they need to sell.
What does this mean for consumers currently looking for an SUV? It implies that SUVs are more affordable than ever — as dealerships offer cheap deals to try and shift their overstock and make way for the new 2020 models.
If you've been dreaming about owning a Luxury SUV or Crossover, now is the perfect time to make your dreams a reality. Dealerships all across the country are advertising deals and rebates on unsold SUV'S online. All you have to do is narrow down your choice and start your search today.
Here's everything you need to know about finding affordable SUVs and Crossovers online.
Many people often wonder what the difference is between a standard SUV, a luxury SUV, and a Crossover. Here are the main differences between these vehicle types:
SUV stands for Sport Utility Vehicle. SUVs are differentiated from other vehicles because they typically have the chassis of a truck. This gives them a spacious interior, with an off-road attitude. Modern SUVs are incredibly fuel-efficient and offer a safe and robust drive for people who require extra space.
Luxury SUVs are sports utility vehicles with high-end finishes. They typically feature premium interiors such as real leather and wood accents and also have more attractive exterior features such as custom paint colors that aren’t available on standard models. Luxury SUVs also often have state of the art entertainment features and superior sound systems. Also, they tend to have enhanced safety features as standards, such as collision warning and auto-braking systems.
Crossovers, also known as CUVs, differ from SUVs because their platform is built from that of a traditional car, rather than a truck. Technically speaking, they have a uniform body structure. Crossovers often have a more comfortable interior and suit urban areas; however, they do not possess the off road capabilities of SUVs.
A little known tip that many Americans aren’t aware of is that the availability of off-lease used SUVs has increased exponentially. This is a huge benefit to consumers looking to find a nearly new SUV at an affordable price.
In addition, a drastic shift in consumer demand to SUVs and Crossovers, caused auto-manufacturers to overestimate demand. This has resulted in automakers manufacturing and distributing an excess number of SUVs — creating the perfect storm of overstocked vehicles and affordable finance options.
For example, Jeep is currently offering 0% financing of Jeep Grand Cherokees for 60 months — with an additional $3000 cashback bonus. Mazda is offering similarly competitive deals, with its CX-5 model currently available at 0% financing for 60 months combined with a $500 cashback.
If you're looking for a truly luxury brand SUV experience, the trendy BMW X3 is currently being offered at $479 per month, while the highly desirable Jaguar F-Pace is offered at $439 per month.
As is evident from the prices listed, there is much competition between car dealerships to secure your business right now. With lucrative cash incentives and low financing rates, it's never been a better time to find your perfect SUV online.
The best and most effective way to find affordable SUV deals is to start your search online. This is an easy way to make a note of all incentives that local dealerships and manufacturers are offering so that you can compare and contrast to find the best deal.
Dealerships change their offers frequently, so be sure to search online often for the best deals, and strike while the iron’s is hot.
So if you've been dreaming of owning a beautiful SUV or Crossover vehicle, but have a budget to stick to, you may find the perfect one for you online. Start your search today for affordable SUVs that are sure to make driving a pleasure.
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