Tips on Saving Money When Buying a New Car

August 6, 2005 — -- It's August, when auto dealers start clearing their lots to make room for next year's models.

Mike Hudson appeared on "Good Morning America" Weekend to share tips on how car buyers can save a few bucks and what cars are ripe for the picking. Here are some of his picks, with their suggested retail price along with the price Hudson thinks customers should actually pay.

2005 Ford Focus ZX4 SE

4dr Sedan (2.0L 4cyl 5M)

Base MSRP: $16,235

Customer Pays: $12,150

2005 Nissan Sentra

1.8 4dr Sedan (1.8L 4cyl 5M)

Base MSRP: $13,480

Customer Pays: $10,678

2005 Cadillac Escalade AWD

4dr SUV (6.0L 8cyl 4A)

Base MSRP: $57,255

Customer Pays: $48,343

2005 Jeep Grand Cherokee Laredo Rwd

4dr SUV (3.7L 6cyl 5A)

Base MSRP: $27,050

Customer Pays: $22,165

2005 Mercury Monterey

Luxury 4dr Minivan (4.2L 6cyl 4A)

Base MSRP: $29,740

Customer Pays: $20,346

2005 Kia Sedona EX

4dr Minivan (3.5L 6cyl 5A)

Base MSRP: $23,920

Customer Pays: $19,127

2005 Pontiac Grand PrixGT

4dr Sedan (3.8L 6cyl 4A)

Base MSRP: $25,620

Customer Pays: $20,825

2005 Hyundai XG350

4dr Sedan (3.5L 6cyl 5A)

Base MSRP: $25,494

Customer Pays: $20,493

2005 Chrysler Crossfire

Limited 2dr Coupe (3.2L 6cyl 6M)

Base MSRP: $34,920

Customer Pays: $30,426

2005 Ford Thunderbird

Deluxe 2dr Convertible (3.9L 8cyl 5A)

Base MSRP: $38,985

Customer Pays: $33,946

You can get more great prices by visiting www.edmunds.com