money

The best 2020 Memorial Day new car sales include low-interest loans, money back

Memorial Day weekend historically comes with some of the best new car deals, and 2020 is shaping up to be an even better deal for consumers. As dealers try to dump inventory piled up from the coronavirus pandemic and automakers usher in 2021 models to kick off the summer sales season, there are plenty of tempting new car deals.

While automakers are starting to roll back some of the incentives offered in the most uncertain times of the pandemic, such as no-interest loans for 84 months, many automakers still cover the first few months payments as well as low- to

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Allstate and other auto insurers giving money back to drivers

Allstate plans to return $600 million to auto insurance policyholders over the next two months due to the coronavirus pandemic.

“This crisis is pervasive,” Tom Wilson, President and CEO of Allstate, said in a statement on Monday. “Given an unprecedented decline in driving, customers will receive a Shelter-in-Place Payback of more than $600 million over the next two months. This is fair because less driving means fewer accidents.”

Driving has declined 35% to 50% in most states, Wilson told Bloomberg. The payback means most customers will receive 15% of their monthly premium in April and May. The payback will

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