Not long after American Thanksgiving comes Black Friday and Cyber Monday, one of the biggest shopping bonanzas of the year. Indeed, this discount-frenzied weekend has gotten so big it’s travelled north of the border into Canada!
But Black Friday and Cyber Monday deals aren’t just about televisions, computers, and other gadgets. There are also incredible Cyber Monday and Black Friday car deals for you to pick through if you’re in the market for a new vehicle.
Below, we explore the different kinds of Cyber Monday and Black Friday car deals out there and outline what to expect. At the end, we share our own Black Friday and Cyber Monday offers to help you get the car you want at an amazing price.
At the end of November, car manufacturers and new car dealerships tend to push their inventory pretty hard. This typically leads to great deals, discounts, and special offers on new vehicles.
COVID-19, however, threw a wrench into all that by suffocating the semiconductor industry, resulting in a shortage of the computer chips needed to manufacture new cars, pickup trucks, vans, and SUVs. And while the chip shortage has started to correct itself, it’s still a bottleneck in production, resulting in fewer incentives and higher interest rates across the board.
In short, you can expect Black Friday and Cyber Monday deals to still be available — just not as aggressively as in years past.
Some of the more mainstream brands that rely on volume sales will likely have the best Black Friday car deals. These include brands like Toyota, Ford, General Motors (Chevrolet, Buick, GMC), FCA (Jeep, Dodge, Chrysler), Honda, Nissan, and more. At some sales events buyers could see auto financing interest rates as low as 0%, thousands off MSRP, reduced lease payments, cash rebate lease offers, trade-in bonuses, and more.
Slightly more niche brands, such as BMW, Lexus, Cadillac, Infiniti, and Mercedes, generally shy away from aggressive Cyber Monday and Black Friday car deals. However, these brands will sometimes offer special payment deferrals on lease deals and financing deals. They also rely heavily on loyalty bonus cash and other offers for existing lessees and owners, as well as “conquest” bonuses for owners and lessees of competing brands.
Unfortunately, many of these offers are restricted to Canadians with good credit scores, immediately excluding a large percentage of the population.
Are There Cyber Monday and Black Friday Car Deals on Used Vehicles?
Can’t find a great deal on a new vehicle? You might want to look at used cars instead. That’s right! Cyber Monday and Black Friday car deals aren’t just reserved for new cars as many dealerships and online used car retailers are looking to sell their used car inventory during this time of year too.
Best of all, used cars tend to have lower prices and more equity in them, making it easier for people with average or below-average credit scores to get approved for financing.
On top of a higher likelihood of getting financing, buying a used car comes with another major benefit: less depreciation.
As many people know, when you buy a new vehicle, it loses roughly 10% of its value just for driving it off the lot — plus another 10 to 20% in the first year and another 15 to 25% every year after that. This can leave you owing much more than the car is worth — known as being “upside down” — over a period of many years. With a used car, by contrast, previous owners have already absorbed the initial depreciation, shortening the likelihood that you’ll be upside down on the loan.
Getting a Black Friday car deal is great. But what if you could get a great deal year-round without ever leaving your house? Clutch, Canada’s premier online used car retailer, can help with that. Here’s how it works.
Head to Clutch’s website and browse our vast used vehicle inventory to pick out one you love. You can search by make, model, price, body style, fuel type, and more. Once you find the vehicle you like, click ‘Get Started’ and you’ll be guided through all of the steps for checkout.
Now it’s time to get pre-approved for financing, which you can do as part of checkout or by heading to our auto financing page and clicking ‘Get pre-approved’ — it takes less than two minutes. Clutch has financing options for all credit types and some of the most competitive rates in the industry.
Got a car to trade in? Skip the hassle of taking your car to the dealership and head to the Clutch ‘Sell or Trade’ page instead — then enter a few bits of information on your vehicle to get a firm offer instantly. When it’s time to trade in your vehicle, we’ll pick it up for you and drop off your new ride, all at the same time.
You’ve already chosen your vehicle, secured financing, and gotten your trade-in value. Now it’s just a matter of placing a refundable $100 deposit and setting up a delivery date. There’s no need to leave your house!
Looking for a great deal on a used car? Clutch is excited to announce our very own Black Friday Sale! Here’s how it works:
So what are you waiting for? Get pre-approved today to get the ball rolling on a sweet new ride.
Offer runs Wednesday, November 23 to Monday, November 28, 2022.
Whether you take advantage of Black Friday deals or not, remember that Clutch provides you with a seamless online car-buying experience , saving you time, money, and stress year-round.
With Clutch’s thorough 210-point inspection and reconditioning process on every car — coupled with our extensive, high-resolution car photography detailing any cosmetic imperfections — you can feel secure buying a used car from us entirely online. We also offer an extensive 90-Day Protection Plan and nationwide roadside assistance on every car for added peace of mind – free.
Best of all, every Clutch vehicle comes with a 10-Day Money-Back Guarantee, which means that if you don’t love your car during those first 10 days, you can exchange it for a new one or return it for a no-questions-asked refund.
Check out our inventory of quality used cars today and choose a model suitable for you. You can even set up financing and get your trade-in vehicle appraised entirely online. We’ll deliver your new ride to your door and pick up your trade-in vehicle at the same time — no need to set foot in a dealership.