Best 0% APR Car Deals
Car loan interest rates can add thousands of dollars to the final car purchase price. Find out where you can get the best 0% APR car deals and how to qualify.
Read time
13 minutes
Date
02.23.2024
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Finding or negotiating a stellar car deal can boost your self-confidence and help you pay less for your car in total. However, many deals related to car buying aren’t necessarily well-advertised or easy to find. The following list includes several of the best 0% APR car deals in 2024 to jumpstart your search and help you take advantage of the best available promotions. Verify these car deals before you sign any paperwork, and you could drive away interest-free for the life of your new car loan.
Jumping into another finance deal for a car right now might not align with your budget or needs. FINN car subscriptions offer a convenient alternative with flexible terms. Your monthly subscription includes insurance, registration, depreciation, and maintenance. FINN also delivers your new ride to your door.
How does 0% APR work?
A 0% annual percentage rate (APR) car deal means financing a car loan with an automaker without paying interest on your borrowed balance. To clarify, that means you don’t pay any interest for the life of the loan. Instead of working off a 4% or 7% interest rate, 0% APR car loans divide only the financed amount over the fixed loan term. These zero-interest loans translate to immense savings over the life of the car loan, which helps you pay less each month and in total for the car purchase.
A common misconception with 0% APR car loans is that they’re rare. In actuality, these deals (and even low-interest financing offers) are typically harder to access based on the strict (and often unpublished or unadvertised) qualifications buyers must meet. Dealerships frequently use 0% APR car deals to entice buyers to purchase new vehicles and drive sales, so paying zero interest on your car loan may not be available if you’re not interested in qualified models.
Exact terms, conditions, and incentives vary between 0% APR car deals. However, most come with 36 to 48-month loan terms. In some instances, dealerships may require that you pay full price to qualify for the 0% APR deal. Salespeople may also work harder to get you to purchase add-ons such as extended warranties to offset the zero-interest car deal.
0% financing vs. bonus cash
The main difference between 0% APR and bonus cash is how you want to save money. Paying zero interest on your car loan can save you thousands of dollars over the life of the loan, but its savings are realized over the long term rather than in the short term. Bonus cash can immediately reduce your financed amount and help lower your monthly payment. However, taking the bonus cash may mean settling for a higher interest rate.
When choosing between bonus cash and 0% APR, it pays to do some quick math and compare the savings. Taking advantage of a $3,000 bonus cash offer could take your $20,000 financed amount down to $17,000, which results in a $473 monthly payment over 36 months (roughly $83 less in monthly payments than if you financed the entire $20,000 over the same period). Estimating an interest rate of 6%, you’d save $3,600 in interest over three years. However, a lower financed amount would save you roughly $2,988 over the same period, and you’d benefit from a lower monthly payment.
How to qualify for a 0% APR car deal
Most dealerships only reserve 0% APR car deals for well-qualified buyers. The exact requirements to qualify as one of these buyers vary between dealerships, but an excellent credit score (in the Excellent range) is a given. Dealerships may also look beyond your credit score to your debt-to-income ratio and employment history. Therefore, knowing your credit score and what deals are available in your area work in your favor.
You can approach qualifying for a 0% APR deal in several ways. The first approach involves contacting several local dealerships to inquire if they offer 0% APR financing deals and on which vehicles. Alternatively, you can find one or more cars you’re interested in, negotiate the lowest price possible, and then inquire if you’re eligible for a 0% APR car deal. Your choice of tactics often depends on how comfortable you are negotiating a deal and how attached you are to a specific vehicle.
When is a 0% APR deal not worth it?
A 0% APR car deal isn’t worth it if you have a poor credit history or can’t fit the monthly payments into your budget. Before you go into any car purchase, plan what you can afford and how much you want to pay for the car. Paying zero interest doesn’t get you any further if you aren’t able to make your monthly car payments and risk defaulting on the auto loan and repossession.
Remember that most buyers also start out upside-down on a car loan unless they make a sizable down payment. If you can predict that your employment circumstances and financial obligations will stay consistent over the first few years of the loan, you don’t necessarily have to put down a lot of money. However, if you plan to get out of the loan and want to break even or come out of it with a small profit, it's something to consider.
Several alternatives to car financing deals also exist. For instance, if you’re wondering, “How much does it cost to rent a car?” A quick Google search can help answer your question. Leasing a car is also an option, but while you can trade in a leased vehicle, lease deals don’t build any equity like those who finance do. Car subscription services such as FINN offer a convenient and affordable solution. FINN hosts a vast fleet of vehicles ready to deliver straight to your door and offers flexible terms and an inclusive monthly payment.
Best Ford 0% APR car deals
Check out the best 0% APR car deals from the Blue Oval below.
1. Ford Escape
0% APR for 60 months
The Ford Escape is one of the brand’s many SUVs. Well-qualified buyers can purchase the Escape and pay 0% interest for up to five years.
2. Ford Bronco Sport
0% APR for 60 months
The smaller of the Bronco nameplates, the Bronco Sport offers customers a dependable ride just as versatile as its older, larger brother. Check out your local Ford dealer for more offers on the Bronco Sport.
3. Ford Edge
0% APR for 60 months
Despite its name, the Ford Edge strikes a pose with rounded features and plenty of Ford creature comforts to go around. Ford offers 0% APR car loans for up to five years on the new Edge.
4. Ford Expedition
0% APR for 36 months
The Ford Expedition has a large price tag to match its laundry list of features and capabilities. Qualified buyers can finance the Expedition for 0% interest for up to three years.
5. Ford Explorer
0% APR for 36 months
Popular among police patrols and citizens, the Ford Explorer comes with 0% interest for well-qualified buyers. Check out your local Ford dealer to experience the Explorer first-hand.
6. Ford Mustang Mach-E
0% APR for 38 months
0% APR for 36 months with up to $3,000 bonus cash
Ford may catch some flak for turning its most iconic and powerful sports car into an electric crossover, but it’s worth pursuing if you want to pay no interest for 38 months or earn $3,000 in bonus cash on top of no interest on your three-year car loan.
Best Kia 0% APR car deals
Kia offers 0% APR car deals on the Niro EV and EV6, two electric nameplates in the brand’s lineup.
1. Kia Niro EV
0% APR for 60 months
Purchase the Kia Niro EV without paying interest on loans up to 60 months.
2. Kia EV6
As low as 0% APR or up to $7,500 bonus cash
Choose between 0% APR or up to $7,500 in bonus cash when you finance the Kia EV6. Speak to your local Kia dealer for more information.
Best Nissan 0% APR car deals
Nissan offers plenty of perks for potential buyers, including 0% APR on the following car deals.
1. Nissan Titan
0% APR for 60 months
Up to $2,000 bonus cash
Get up to $2,000 in bonus cash or no interest for five years on the Nissan Titan.
2. Nissan ARIYA
0% APR for 72 months
Up to $7,500 bonus cash
Six years of no interest payments or $7,500 in bonus cash? Nissan’s ARIYA lets you choose when you finance your deal.
3. Nissan LEAF
0% APR for 72 months
Up to $1,000 bonus cash
The LEAF may be an aging EV, but it’s on the dealing table with 0% APR for 72 months or up to $1,000 in bonus cash. Well-qualified buyers should inquire about additional deals on the Nissan LEAF.
Best Volkswagen 0% APR car deals
German simplicity and reliability come together in the Volkswagen brand. Read on to learn more about 0% APR car deals from VW.
1. Volkswagen Atlas
As low as 0% APR or up to $500 bonus cash
The Atlas is VW’s newest addition to the SUV family. Get up to $500 in bonus cash or finance the Atlas for as low as 0% APR.
2. Volkswagen Atlas Cross Sport
As low as 0% APR or up to $500 bonus cash
The Atlas Cross Sport takes it offroad with plenty of features to keep you busy on the trails if you’re not already. You can get zero interest for the life of your loan or up to $500 in bonus cash on the new Atlas Cross Sport.
3. Volkswagen Tiguan
As low as 0% APR or up to $500 bonus cash
Smaller than the Atlas but larger than the Taos, the Tiguan comes with $500 in bonus cash or 0% APR. Choose your VW and car deal wisely.
4. Volkswagen Taos
As low as 0% APR or up to $500 bonus cash
The new Taos is undoubtedly making waves among customers. You can finance the Taos without interest or up to $500 in bonus cash.
Best Hyundai 0% APR car deals
The Hyundai Santa Fe may be the only model on our list, but the brand offers valuable warranty plans and plenty of the bells and whistles you want.
1. Hyundai Santa Fe and Santa Fe Hybrid
As low as 0% APR or up to $1,000 bonus cash
You can finance the gas- or hybrid-powered Santa Fe for as low as 0% APR or up to $1,000 in bonus cash.
Subscribe to a Hyundai Santa Fe with FINN
dropdown#toggle" data-dropdown-placement-param="top" data-term-id="298124291">Mazda 0% APR car deals" class="blog-header">Best Mazda 0% APR car deals
Mazda has nearly taken the route of luxury cars, with only a few select models to choose from. Below is the single Mazda 0% APR car deal you should consider.
1. Mazda CX-50
As low as 0% APR or up to $500 bonus cash
The Mazda CX-50 puts a new spin on the compact crossover SUV. Get up to $500 in bonus cash or as low as 0% APR when you finance the purchase of a new Mazda CX-50.
Subscribe to a Mazda CX-50 with FINN
dropdown#toggle" data-dropdown-placement-param="top" data-term-id="298124274">APR car deals" class="blog-header">Best Mitsubishi 0% APR car deals
Mitsubishi may not be one of the frontrunners, but it’s still a brand worth fighting for. Check out the 0% APR car deals below.
1. Mitsubishi Outlander
As low as 0% APR or up to $500 bonus cash (2023 models)
As low as 0% APR or up to $1,500 bonus cash (2024 models)
As one of the last surviving members of the Mitsubishi lineup, the Outlander features several zero-interest car deals. You can finance the 2023 model without interest or choose up to $500 in bonus cash. Mitsubishi triples the offer for 2024 models.
Subscribe to a Mitsubishi Outlander with FINN
2. Mitsubishi Eclipse Cross
As low as 0% APR or up to $500 bonus cash
The Mitsubishi Eclipse Cross turns heads, but it also offers up to $500 in bonus cash and zero interest for well-qualified buyers.
Subscribe to a Mitsubishi Eclipse Cross with FINN
dropdown#toggle" data-dropdown-placement-param="top" data-term-id="298124287">Subaru 0% APR car deals" class="blog-header">Best Subaru 0% APR car deals
Don’t pass up the Subaru 0% APR car deal below, particularly if you’re a fan of electric vehicles.
1. Subaru Solterra
0% APR for 72 months
Up to $7,500 bonus cash
The Solterra represents Subaru’s journey into the electric realm. Purchase the Solterra with zero interest for up to six years, or choose $7,500 in bonus cash.
Subscribe to a Subaru Solterra with FINN
dropdown#toggle" data-dropdown-placement-param="top" data-term-id="298124268">Toyota 0% APR car deals" class="blog-header">Best Toyota 0% APR car deals
Toyota prices their vehicles reasonably well, but here is one 0% APR deal you can’t miss.
1. Toyota bZ4X
0% APR for 72 months
Toyota’s all-electric crossover is one to beat. Finance your purchase for up to 72 months with no interest.
Subscribe to a Toyota bZ4X with FINN
0% APR car deals FAQs
Debating the pros and cons of hybrid cars or determining if you can lease a car with bad credit can help you get behind the wheel of a car you like. In addition, the questions about 0% APR car deals below can help you pay less for your next car loan.
Can you get 0 percent interest on a car?
Yes, some dealerships offer 0 percent interest car loans on a car purchase. However, you must qualify for these loans to access 0 percent interest.
What credit score do you need for 0% APR on a car?
The higher your credit score, the better your chance of scoring a 0% APR car deal. Ideally, you’d want a score in the excellent range, above 720.
Which car manufacturers do 0% finance?
Many car manufacturers do 0% APR financing, including Chrysler, Honda, Dodge, and those listed above. If you don’t see a brand listed, check with your local corresponding dealerships to see what offers may be available.
Are there any 0% APR car deals available for used vehicles?
Most dealerships don’t advertise 0% APR car deals for used cars. However, you may be able to negotiate a lower interest rate on your car loan to pay less over the life of the loan.
Get your next car with FINN
Dealerships often advertise car loan deals, but finding a 0% APR car deal can make you feel like you’ve won the lottery. These zero-interest car deals can help save you thousands on your next car loan and even help you afford a higher trim or additional add-ons. However, finding and qualifying for a 0% APR car deal presents a challenge for most potential buyers. Only a select few will qualify.
FINN car subscriptions don’t make you jump through excessive hoops to get the best deals. Instead, you subscribe to the car you want and have it delivered to your door. FINN also offers flexible terms, so you can choose between six months and up to two years to subscribe, with monthly mileage limits aplenty. Your FINN subscription also includes registration, depreciation, insurance, and maintenance to bundle your car ownership expenses into one payment.
Get your next car with FINN
Dealerships often advertise car loan deals, but finding a 0% APR car deal can make you feel like you’ve won the lottery. These zero-interest car deals can help save you thousands on your next car loan and even help you afford a higher trim or additional add-ons. However, finding and qualifying for a 0% APR car deal presents a challenge for most potential buyers. Only a select few will qualify.
FINN car subscriptions don’t make you jump through excessive hoops to get the best deals. Instead, you subscribe to the car you want and have it delivered to your door. FINN also offers flexible terms, so you can choose between six months and up to two years to subscribe, with monthly mileage limits aplenty. Your FINN subscription also includes registration, depreciation, insurance, and maintenance to bundle your car ownership expenses into one payment.
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