Don’t Buy a 2021 SUV: Huge Price Cuts Are Happening on 2020 Models as Dealerships Can’t Clear Space

Due to an uncertain economic outlook and the current global pandemic, SUVs are now more affordable than ever. With car dealerships managing an overstock of unsold inventory, they're faced with the dilemma of clearing space for the new 2021 models. This is great news for savvy internet users who can suddenly bag themselves the best deals on a new SUV or Crossover. As car dealerships are currently finding creative ways to sell their surplus inventory, they're offering buyer rebates and significant discounts off the sticker price.

Due to shifts in consumer demands and SUV/Crossover manufacturers overproducing units, many car dealerships are now stuck with too much inventory. If you've been considering buying a new SUV, Luxury SUV or Crossover, now is the perfect time to search online for the hottest deals.

SUV vs. Luxury SUV vs. Crossover

The difference between standard and luxury SUVs are added extras and luxurious finishing's. Luxury SUVs feature perks and styling that standard SUV's don't typically have. For instance, luxury SUVs feature premium interiors such as leather and wood accents, in addition to other upgrades like superior sound systems and the latest infotainment technology. In addition, many luxury SUVs also have enhanced safety features such as auto-breaking and forward collision warning — making the driving experience enjoyable and safe.

If you're more into the performance side of cars, you'll love the powerful engines and greater acceleration that luxury SUVs offer. Other performance features include better handling, enhanced suspensions, and an overall smoother, more enjoyable driving experience.

The difference between SUVs and crossovers is the platform that they're built upon. Unlike an SUV, which is created with body-on-frame construction, like a truck, a crossover is technically a unitary vehicle, like a car.

How You Can Get Big Discounts On SUVs and Crossovers

Two unique factors in the SUV market make it the perfect time to get the vehicle you've always wanted at an affordable price. According to USA TODAY, over the past two years, the inventory of off-lease used SUVs has increased exponentially — giving buyers unprecedented access to nearly new vehicles with very few miles on them. In addition, consumer demand has made a marked shift from traditional sedans to larger SUV and Crossover vehicles. In response to this, automakers increased their manufacturing numbers and distributed a much higher volume of these vehicles.

Combined, these two unique conditions have created the perfect storm of overstocked SUV and Crossover inventory — plus some great buyer incentives and affordable financing options.

Some great deals available from car manufacturers at the moment include:

Grand Cherokee - Jeep

Jeep's Grand Cherokee are currently offering customers 0% financing for 60 months, plus a $3,000 cashback bonus. With monthly payments as low as $269, it's never been more affordable to drive your dream jeep off the lot.

Mazda - CX-5

You can own Mazda's CX-5 for as little as $219 per month, with 0% interest for 60 months. Mazda is also offering a $500 cash back bonus, too, as an added incentive.

Nissan - Rogue

If you've been eyeing up the new Nissan Rogue, you can take advantage of Nissan's $500 cashback bonus and 0% interest for 60 months to enjoy monthly payments from as low as $199 per month.

Volkswagen - Tiguan

If you prefer European vehicles, you might want to check out the spacious Tiguan by Volkswagen. Volkswagen is currently offering a 72-month interest-free period on select Tiguan trims.

BMW - X3

Luxury SUVs such as the BMW X3 are also available with competitive buyers incentives and low monthly payments. BMW X3's are currently available for as little as $479 monthly, making luxury more affordable than ever.

Ford - ECOSport

Ford are currently offering one of the most generous interest-free periods, at a full 84 months! Plus, you can also get a $500 cashback as an extra incentive.

SUV and Crossover manufacturers want your business. Be sure to take advantage of the crazy cash incentives and low financing rates while they're available. Many car manufacturers advertise some of their best deals online, so remember to look at their websites for significant discounts.

How To Score The Best Deals On SUVs and Crossovers

Although there are big discounts to take advantage of right now, it's still important to search around and find the best deals available. Fortunately, the most affordable SUVs and Crossover vehicles are at your fingertips. A simple online search can help you locate the very best car deals to meet your budget. Both local dealerships and manufacturers have made it easier than ever for you to compare pricing and buyer incentives — by putting all of the information you need online — so you don't miss out.

Plus, many dealerships put their most exclusive deals online only — so you're unlikely to find them in the car showroom. If you have a local dealership in mind, you can simply adopt a watch and wait approach and keep up to date with their offers. You might find that they cut their prices on unsold inventory, and you get the opportunity to strike while the iron's hot.

The Time Is Now

If you've been dreaming of a beautiful new SUV or Crossover, but the cost has been holding you back, now is the time to explore your options. Searching online for the best deals right now could save you hundreds, or maybe even thousands, of dollars. However, these rates aren't going to last forever, so begin your search online today to bag the best deal before it's too late.