Yes, there are car deals for Labor Day this weekend

New-car shoppers may find some relief from high prices this weekend with a number of Labor Day car deals. Unlike the month-long incentives, the best Labor Day car sales are only available for a limited time. For example, Swedish brand Volvo is offering up to $1,250 off its entire 2022 lineup, but only until September 7.

Likewise, Ford is offering a $1,000 bonus for 5 days only on select SUVs here in California. The 2022 Ford Explorer ranks among the best deals this weekend, with the option to stack the $1,000 discount with 2.9% APR financing for 60 months. To put that into perspective, we don’t see any Labor Day offers from Toyota.

Although there are fewer offers due to a shortage of chips, our Labor Day offer coverage has found some head-turning offers. For example, Jeep is offering up to $2,000 off the Grand Cherokee Overland. Truck buyers can get 0% financing for 72 months on the RAM 1500 and receive no payments for 90 days until September 6.

Buying a new Nissan, Kia, Hyundai or Mazda? We don’t see any benefit to buying a car this weekend. The same goes for luxury brands like BMW, Mercedes-Benz and Lexus. That said, placing an order now can give buyers a way to get a discount if they’re willing to wait a bit for the car they want.

2022 Ford Mustang Mach-E

This is because many brands offer price protection programs in case their MSRP prices increase or the incentives dry up. For example, Ford is offering a $500 bonus on 2023 vehicle orders along with the ability to lock in current interest rates for up to 180 days. This could provide a level of insurance for buyers affected by inflation.

EV buyers may want to think twice before buying or leasing. That’s because the Inflation Reduction Act removed a large number of electric cars and plug-ins from a federal electric vehicle tax credit. Volkswagen, Toyota, Subaru and others have been hit hard by the change. For example, rental prices for the Toyota bZ4X have increased by more than $100 per month.

Explore the best Labor Day car deals

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