The editors at Kelley Blue Book (KBB) have put together a list of the best lease and purchase deals available for the President's Day holiday weekend. There are two significant cash-back offers and eight leasing deals that stand out from the crowd.
The best deal is on a 2014 Nissan Altima four-door sedan. A 36-month lease can be had for a cash payment of $1,999 and a monthly payment of $189. Nissan's 2013 Maxima is also available to buy at an MSRP of $31,810 with cash back of $3,500. Monthly payments are $468 for 60 months.
Ford Motor Co.'s (NYSE:F) deal on the purchase of a Ford Focus is the second-best weekend offer. Ford is offering $3,000 cash back on a four-door sedan that carries an MSRP of $19,310. The monthly payment is $273 for 60 months. At KBB's fair purchase price of $18,010, the $3,000 cash back offer puts a new Focus in the driveway for a little more than $15,000.
Ford also offers a good leasing deal on its Flex SUV. The vehicle is available with a cash payment of $3,789 and 24 monthly payments of $189.
Toyota Motor Corp. (TM) is offering a Lexus hatchback for lease with no cash payment up front and a 27-month contract at $299 a month.
Nissan is also offering two good deals on its Pathfinder SUV and the all-electric Leaf.
General Motors Co. (GM) has one car on the list, the Cadillac ATS four-door sedan. The car comes with a 36-month lease with a cash payment of $3,599 and a monthly payment of $299.
Chrysler's Ram 1500 Quad Cab pickup is available on a 36-month lease with a cash payment of $1,359 and monthly payments of $259.
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Finally, Volkswagen is offering a 36-month lease on its four-door Passat for a cash payment of $2,349 and 36 monthly payments of $189.
Some of these vehicles, like the Ford Flex and the Nissan Leaf, have not been big sellers and carmakers hope that the promotional pricing will help get them out of inventory. Nissan, with four of the 10 best deals, has had the most trouble selling cars in the United States and wants to make way for new models that it hopes will get the company back in the game.
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