End of Model Year Car Deals [2022 Edition]

Model Year-End ClearanceThe fall season means it’s time for model-end clearance deals. Unfortunately, we may not see the greatest deals this year because of the inventory shortages we saw in 2022.

And yes, car manufacturers do start selling the new models before the new year starts (so you can actually buy a 2023 car in 2022).

Deals really start heating up at year-end, but be careful not to wait too long as 2022 inventory starts to get sold off and specific cars will be harder to find.

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2022 Model Year End Clearance Deals

Below are some of the best model year end car clearance deals.

2022 Honda CR-V#1 Deal: 2022 Honda CR-V

Financing Offer: 3.90% APR for 24-48 months
Lease Deal: $309/month for 36 months, $3,799 due at signing

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Subaru Ascent#2 Deal: 2022 Subaru Ascent

Financing Offer: 2.9% APR for N/A months
Lease Deal: $329/month for 36 months, $3,829 due at signing

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Subaru Ascent - Price Drop Alerts
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2021 Nissan Altima#3 Deal: 2022 Nissan Altima

Financing Offer: 2.59% APR for 36 months
Lease Deal: $229/month for 18 months with $3,009 due at signing

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Nissan Altima - Price Drop Alerts
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We'll also email you as soon as new car deals are published each month along with our best car buying tips to save you money!

 

2020 BMW X3#4 Deal: 2022 BMW X3

Lease Deal: $569/month for 36 months, $5,649 due at signing

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BMW X3 - Price Drop Alerts
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2021 Mazda CX-30#5 Deal: 2022 Mazda CX-30

Financing Offer: 2.49% APR for 36 months
Lease Deal: $249/month for 36 months, $2,999 due at signing

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YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersCheck Prices
2022HondaCR-V3.90%$309/month for 36 months, $3,799 due at signingCheck Prices
2022SubaruAscent2.90%$329/month for 36 months, $3,829 due at signingCheck Prices
2022NissanAltima2.59%$229/month for 18 months, $3,009 due at signingCheck Prices
2022BMWX3$569/month for 36 months, $5,649 due at signingCheck Prices
2022MazdaCX-302.49%$249/month for 36 months, $2,999 due at signingCheck Prices

Do Car Manufacturers Have Deals When New Models Come Out?

Are There Deals for New ModelsYes, many car brands start offering deals in late summer and early fall to make way for new models.

Most new car buyers are interested in getting the latest model year which means dealers are pressured to get last year’s model off their lots in a hurry.   To do this they’ll offer cashback and lease deals to entice buyers.  This is especially true if the body style of a particular model will be changing in the upcoming year.   Buyers aren’t as interested in a “new” car that is visibly older than others out there.  In addition, buyers may interpret a changed body style as an improvement and not want a car that may be of lesser quality, whether that’s true or not.  And if the model is being discontinued altogether you can expect even deeper discounts.

While car clearance offers and incentives shouldn’t be hard to find, to double down on your savings you should wait until the end of the month to get the additional benefit of salesmen trying to hit their monthly quota in order to earn their bonus. They may be willing to take a hit on a single sale in order to make a large bonus.

Is There Any Reason Not to Buy an Outgoing Model?

One caveat to keep in mind when buying a car in a model year closeout is that the bluebook value will be depreciated as one model year older.  This may mean a slight difference in the resale value when you go to sell it in a few years.  For example, if you were to buy a car today and sell five years from now in 2027, a 2023 model car would be valued as a 4 year old car while a 2022 model car would be valued as a 5 year old one.

How Much Do Leftover Cars Depreciate When New Models Come Out?

The value of a new vehicle typically drops by 20 percent after the first year of ownership.  And for several years after that you can expect your car to depreciate approximately 10 percent per year.  In a year where the body style changes the value may drop even further.

How Much Do Car Prices Drop When New Models Come Out?

2022 has been an outlier of a year for car model availability and pricing. We’re seeing extremely high markups for popular models, and there are plenty of backorders that still need to be fulfilled. Because of that, there most likely will not be a major price drop for outgoing 2022 models.

Even if there is a price drop for 2022 models, it won’t be significant or immediate. We might have to wait a few months into 2023 to see price tag reductions. Also, only the less desirable trims or color choices will be marked down.

However, a general trend is a small price decrease for models that have minor changes in the new model year, and higher price drops if there is a redesign or a significant change between the model years.

When Do New Models Come Out

When Do New Car Models Come Out?

The majority of new model-year vehicles come out in October.  However, some manufacturers release new models thoroughout the year.  In addition, with production slowdowns caused by COVID-19 and the cancellation of major car shows like the North American International Auto Show and the New York International Auto Show, some 2023 releases have been postponed.

When Do New 2023 Car Models Come Out?

2023 models start to come out as early as the summer of 2022 and continue to be released into the first couple months of 2023. However, a majority are released during the last few months of the current year. Here is a breakdown of when to expect new 2023 models for each manufacturer:

2023 Model Release Schedule by Manufacturer

MakeWhen 2023 Models Come Out
AcuraNovember 2022
AudiOctober 2022
BMWSeptember 2022
BuickNovember 2022
GMCNovember 2022
CadillacNovember 2022
ChevroletOctober 2022
ChryslerNovember 2022
DodgeNovember 2022
FordNovember 2022
HondaSeptember 2022
HyundaiSeptember 2022
InfinitiOctober 2022
JaguarNovember 2022
JeepNovember 2022
KiaSeptember 2022
Land RoverOctober 2022
LexusSeptember 2022
LincolnNovember 2022
MazdaNovember 2022
Mercedes-BenzNovember 2022
NissanOctober 2022
PorscheNovember 2022
SubaruOctober 2022
ToyotaSeptember 2022
VolkswagenNovember 2022
VolvoSeptember 2022

Full List of All Current Car Deals

Below is the only free list of all manufacturer deals on the web and includes some of the best model year end car deals.

YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2022AcuraTLX2.90%$479/month for 36 months, $5,999 due at signing1/3/23
2023AcuraMDX3.90%$689/month for 36 months, $5,799 due at signing1/3/23
View All Acura Incentives
2023AudiA44.49%1/3/23
2023AudiQ34.99%1/3/23
View All Audi Incentives
2023BMW3-Series$539/month for 36 months, $4,639 due at signing1/3/23
2023BMW5-Series $639/month for 36 months, $6,419 due at signing1/3/23
2023BMWX3$589/month for 36 months, $5,949 due at signing1/3/23
View All BMW Incentives
2023BuickEnclave4.49%$369/month for 24 months, $4,039 due at signing1/3/23
2023BuickEncore GX4.49%1/3/23
View All Buick Incentives
2023GMCAcadia4.49%1/3/23
2022GMCCanyon4.49%$259/month for 24 months, $5,399 due at signing1/3/23
View All GMC Incentives
2022CadillacXT6$1,000 4.39%$479/month for 24 months, $4,919 due at signing1/3/23
2023CadillacXT44.39%$379/month for 36 months, $3,579 due at signing1/3/23
View All Cadillac Incentives
2022ChevroletBlazer$1,250 4.99%$249/month for 24 months, $2,709 due at signing1/3/23
2022ChevroletEquinox$1,500 3.99%$239/month for 24 months, $2,289 due at signing1/3/23
2022ChevroletSilverado 1500$349/month for 24 months, $5,419 due at signing1/3/23
View All Chevrolet Incentives
2022ChryslerPacifica$648/month for 39 months, $4,749 due at signing1/3/23
View All Chrysler Incentives
2022DodgeCharger$1,000 $461/month for 36 months, $4,249 due at signing1/3/23
View All Dodge Incentives
2022FordEcoSport3.90%$309/month for 36 months, $2,999 due at signing1/3/23
2023FordExplorer3.90%$493/month for 36 months, $4,319 due at signing1/3/23
2022FordRanger4.90%$359/month for 36 months, $3,739 due at signing1/3/23
View All Ford Incentives
2022HondaCR-V 3.90%$309/month for 36 months, $3,799 due at signing1/3/23
2023HondaOdyssey3.90%$409/month for 36 months, $6,499 due at signing1/3/23
2022HondaRidgeline1.90%$399/month for 36 months, $5,099 due at signing1/3/23
View All Honda Incentives



YearMakeModelCash Incentives (up to)Best Avail. APRLease OffersExpiration
2023HyundaiElantra$1,250 0.00%$325/month for 36 months, $0 due at signing1/3/23
2022HyundaiKona$1,250 0.00%$194/month for 36 months, $3,884 due at signing1/3/23
2023HyundaiSonata$1,750 0.00%$254/month for 36 months, $3,284 due at signing1/3/23
View All Hyundai Incentives
2022InfinitiQ504.90%1/3/23
View All Infiniti Incentives
2023JaguarF-Pace$1,099/month for 36 months, $4,995 due at signing1/3/23
View All Jaguar Incentives
2022JeepGrand Cherokee$467/month for 39 months, $3,799 due at signing1/3/23
View All Jeep Incentives
2022KiaSorento2.90%$309/month for 36 months, $3,570 due at signing1/3/23
2023KiaSoul2.90%$229/month for 36 months, $2,870 due at signing1/3/23
View All Kia Incentives
2023Land RoverDiscovery Sport$759/month for 36 months, $4,995 due at signing1/3/23
View All Land Rover Incentives
2023Lexus ES3.49%1/3/23
2022LexusRX 3502.99%1/3/23
View All Lexus Incentives
View All Lincoln Incentives
2023MazdaCX-52.90%$319/month for 36 months, $2,999 due at signing1/3/23
2023MazdaCX-92.90%$424/month for 36 months, $3,499 due at signing1/3/23
View All Mazda Incentives
2022MitsubishiOutlander1.90%$359/month for 27 months, $3,358 due at signing1/3/23
2023MitsubishiEclipse Cross2.90%$369/month for 27 months, $3,368 due at signing1/3/23
View All Mitsubishi Incentives
2022MercedesCLA$529/month for 36 months, $4,193 due at signing1/3/23
2022MercedesGLS$1,109/month for 36 months, $7,053 due at signing1/3/23
View All Mercedes-Benz Incentives
2022NissanArmada2.99%$689/month for 36 months, $7,579 due at signing1/3/23
2023NissanLeaf2.99%$269/month for 36 months, $5,239 due at signing1/3/23
View All Nissan Incentives
View All Porsche Incentives
2022RAMRam Pickup 15004.90%$299/month for 42 months, $4,999 due at signing1/3/23
View All RAM Incentives
2022SubaruAscent2.90%$329/month for 36 months, $3,829 due at signing1/3/23
2023SubaruOutback3.90%$345/month for 36 months, $3,545 due at signing1/3/23
View All Subaru Incentives
2023ToyotaCamry4.99%$339/month for 39 months, $2,999 due at signing1/3/23
2023ToyotaCorolla Hybrid 4.99%$269/month for 39 months, $2,999 due at signing1/3/23
2023ToyotaRAV4 4.99%$319/month for 39 months, $2,999 due at signing1/3/23
View All Toyota Incentives
2023VolkswagenAtlas Cross Sport5.05%$709/month for 36 months, $0 due at signing1/3/23
2023VolkswagenJetta5.05%1/3/23
View All Volkswagen Incentives
2023VolvoXC906.99%$755/month for 36 months, $5,155 due at signing1/3/23
View All Volvo Incentives

These offers may vary based on location, credit score, and financing terms and are not guaranteed.  So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.

Frequently Asked Questions

What are the best year end car deals?

Brands like BMW, Honda, Hyundai, and Lexus offer some of the best finance and lease deals on model year end cars. Most offer no or very low interest finance rates or substantial cashback amounts of up to $4,000.

Can I get a good deal on a car at the end of the model year?

Dealerships are motivated to clear out the remaining stock in order to make room for the incoming year’s models. If the current model will be discontinued or completely redesigned, there’s an even better chance of getting a good deal.

When is the best time to buy a car?

The best time to buy a car would be at the end of the month, end of the calendar year, or during a holiday period. Manufacturers tend to put out bigger incentives at the end of a model year in order to make room for the incoming year’s model.