Saturday, September 26, 2009

Last Month's Hottest-Selling Rides

2010 Toyota Prius
Average Transaction Price: $25,610
Average 60-Month Payment: $513.42*
MSRP: $22,000-$35,210**
JeffCars.com's analysis of what consumers are paying: Most consumers are not willing to pay for some of the new high-tech features available on the redesigned Prius.

2010 Chevy Camaro
Average Transaction Price: $35,432
Average 60-Month Payment: $710.32*
MSRP: $22,680-$46,840**
JeffCars.com's analysis of what consumers are paying: Most consumers are avoiding the base Camaro, opting for a well-equipped sports car.

2009 Nissan Armada
Average Transaction Price: $38,489
Average 60-Month Payment: $771.61*
MSRP: $37,210-$55,655**
JeffCars.com's analysis of what consumers are paying: Most consumers are negotiating on the Armada and not paying MSRP.

2009 Toyota RAV4
Average Transaction Price: $24,390
Average 60-Month Payment: $488.96*
MSRP: $21,500-$31,845**
JeffCars.com's analysis of what consumers are paying: Most consumers are opting for a base RAV4 with a few options added.

2009 Audi Q5
Average Transaction Price: $43,799
Average 60-Month Payment: $878.06*
MSRP: $37,200-$57,925**
JeffCars.com's analysis of what consumer are paying: Consumers are not purchasing the base Q5. Most consumers are loading up their crossover with a few high-line features.

While the 'Cash for Clunkers' government program, which encouraged consumers through a financial stimulus to trade for a fuel efficient vehicle, was the talk of the auto industry last month, these five vehicles represents the hottest-selling rides to fly off the lots last month nd the average price consumers paid. The Toyota Prius was the only vehicle from this list which also topped the 'Cash for Clunkers' list, too. Furthermore, the Camaro was the only vehicles to fly off the lots without any dealer incentives and/or factory rebates last month, while Audi, Nissan and theToyotas are being sold with some of type of dealer incentive.

*The 60-month payment is based on the average selling price,using a new-vehicle interest rate provided by Bankrate.com of 7.52%. Payments will vary based on interest rates, price, down-payment and the length of the loan.

**MSRP is the price automakers suggest consumers pay, before negotiation occurs.

To calculate the payment and interest rate for the aforementioned rides, visit the right side of this website. Visit our New-Vehicle Pricing guide to configure a new-vehicle.

Sources: PIN, Bankrate.com and JeffCars.com's

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