The best 0% financing deals on new cars, SUVs, and trucks in July 2024 feature no-interest auto loans for 72 months plus as much as $33,000 in financing incentives that can save you money. In many cases, 0% APR deals on cars can easily beat the best current interest rates from banks and credit unions.
While it may seem like rates are only going up, some car brands are still offering zero-interest loans on cars. Most of these incentives may require top-tier credit to qualify and can sometimes vary by region. Be sure to check with your local car dealership for customized financing based on your credit score.
Updated on July 10th at 11:03 am
Best 0% APR SUV Deals
Dodge Hornet Financing Deal: 0% APR For 84 Months
Earlier this month, 2024 Dodge Hornets got the best financing deal on any SUV. Through July 31st, plug-in hybrid models offer interest-free financing for up to 7 years. It's been a long time since we've seen 0% APR for 84 months. Our analysis found this could translate to serious savings when buying instead of leasing.
Having said that, the Hornet PHEV continues to feature impressive leasing discounts. Even though it's a plug-in, the SUV isn't eligible for a federal tax credit since it's built overseas. Fortunately, a loophole enables shoppers to take advantage of a commercial tax credit that Dodge is passing along as lease cash.
Lincoln Navigator Financing Deal: 0% APR For 60 Months
Lincoln's most expensive model rarely gets 0% financing incentives. However, on July 9th, 2024 Lincoln Navigators became eligible for zero-percent financing for 60 months. Previously, the rate was 3.9%. On a $90,000 SUV, we estimate the latest change can translate to a $9,200 price cut, making this a stellar deal.
Lexus RZ Financing Deal: 0% APR For 72 Months
On July 2nd, 2024 Lexus RZ interest rates fell to 0% APR. Previously, the best rate was 1.9% and only for 5 years. Now, you can score interest-free financing for 6 years on all versions of the electric luxury SUV. This matches the best price we saw on the 2023 Lexus RZ which recently sold out at dealers.
It's unusual to see deals ramp up this quickly. Having said that, you'll have to give up a $7,500 Lexus Cash incentive to take advantage of the 0% financing. Additionally, it's important to remember that the biggest discounts on the RZ are when you lease with $16,500 off MSRP on the West Coast.
Ford Mustang Mach-E Financing Deal: 0% APR For 60 Months + $1,500 Off MSRP
Deals are finally starting to improve on the 2024 Ford Mustang Mach-E now that the outgoing model has sold out. Through September 3rd, all versions qualify for 0% financing for 60 months. Coming from a Tesla? You may qualify for $1,500 in conquest bonus cash.
And that's before dealer discounts. Getting 0% financing plus $1,500 in rebates is a pretty big deal. Do keep in mind, however, that the Mach-E remains ineligible for a $7,500 federal tax credit. Alternatively, Mach-E lease deals remain very attractive for EV shoppers.
Mazda CX-5 Financing Deal: 0% APR For 36 Months
Through July 31st, all versions of the 2024 Mazda CX-5 offer zero-percent financing for 36 months. Additionally, select trims offer $1,000 in bonus cash. Curiously, Mazda's website doesn't specify which trims get the bonus. We recommend checking with your dealer for full details to get the best deal possible.
Volkswagen ID.4 Financing Deal: 0% APR For 72 Months
Through September 3rd, 2024 Volkswagen ID.4 EVs offer 0% financing for 72 months. The catch is that only the entry-level ID.4 Standard and S trims are eligible for the incentive. If you're looking to buy any other version of the ID.4, expect to pay a much higher interest rate of 6.9%.
When 0% financing was introduced, we also found that Volkswagen discontinued rebates on the 62 kWh Standard configuration EV. As before, we think leasing the ID.4 may be a lot more appealing with nearly $10,000 in savings in the case of the all-wheel drive Pro S trim.
Mitsubishi Outlander Financing Deal: 0% APR For 48 Months
The 2024 Mitsubishi Outlander is one of the few vehicles in its class with 0% financing. Through July 31st, gas and PHEV versions of the compact SUV offer zero interest for 4 years. Given the fact that there are no rebates available, we consider this a no-brainer for buyers looking for a value-oriented crossover.
Nissan Rogue Financing Deal: 0% APR For 36 Months
The 2024 Nissan Rogue is one of the few SUVs in its class with 0% financing. The downside is that it's limited to loans up to 36 months and only on the Platinum trim. While Nissan did have $1,000 in July Fourth Bonus Cash, it ended on July 8th. Instead of 0% financing, Nissan is offering $1,250 in Customer Cash.
Ford Edge Financing Deal: 0% APR For 60 Months + $2,000 Off MSRP
2024 Ford Edge buyers in California and select states can continue to get 0% financing. However, this month's deal is limited to 60 months as opposed to 72 previously. Additionally, Ford is now only offering $2,000 in Bonus Cash (previously $3,000).
We're not sure why Ford Edge deals got worse After July Fourth, and it remains unclear if offers will improve in the coming months. Despite these changes, we still consider the Ford Edge to be a top deal for a midsized SUV. Offers end on September 3rd.
Kia EV6 Financing Deal: 0% APR For 60 Months
Kia cut interest rates on the 2024 EV6 to 0% APR for the first time several months ago. That's a big deal if you were looking to buy rather than lease. Kia's latest EV6 deal matches Hyundai's offer on the popular IONIQ 5. Just be aware that you'll have to give up a $7,500 rebate to get 0% financing on the Kia EV6.
Hyundai IONIQ 5 Financing Deal: 0% APR For 60 Months
Through July 31st, Hyundai is offering 0% financing for 60 months on all versions of the 2024 IONIQ 5. While we certainly love the option of having 0% financing, Hyundai is also offering $7,500 in Retail Bonus Cash. These offers can't be combined, so be sure to consider which deal makes sense for you.
2024 Hyundai IONIQ 5 EV leases offer up to $10,000 in savings with offers starting at just $229 per month in most parts of the country. In many cases, an IONIQ 5 could be a lot better to lease than to buy, especially when taking advantage of the potential savings of a Hyundai Single Pay Lease.
Toyota bZ4X Financing Deal: 0% APR For 72 Months + $2,500 Off MSRP
Through July 31st, all versions of the 2024 Toyota bZ4X feature 0% financing for up to 72 months. But that's not all. Toyota is also offering $2,500 in TFS Bonus Cash. This is essentially a rebate that you can only get when financing at promotional rates.
For an even better deal, you may want to lease. In Southern California, the bZ4X has $15,250 in lease cash and offers starting at just $239 per month. That could make the bZ4X remarkably affordable for an all-electric SUV with an MSRP of over $40,000.
Subaru Solterra Financing Deal: 0% APR For 72 Months
Subaru recently cut 2024 Solterra financing rates to 0% APR for 72 months. Having said that, Solterras continue to have some of the best EV lease deals. In most parts of the country, the 2024 Solterra Premium can be leased for $329 for 36 months with no money down.
Nissan Ariya Financing Deal: 0% APR For 72 Months
The 2023 Nissan Ariya benefits from the best deal we've ever seen at 0% APR for 72 months. Previously, the best rate was 5.5%.
Prefer to lease? Nissan has been offering 18-month leases that take advantage of higher residual values than you'd be able to get otherwise. This could help make the Nissan Ariya more affordable to lease than you think.
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Best 0% APR Car Deals
Toyota Mirai Financing Deal: 0% APR For 72 Months + $33,000 Off MSRP
The 2024 Toyota Mirai still has the best 0% financing deal on any car. Although the hydrogen-fuel-cell-electric car is only sold in California, buyers can get no interest for 6 years and as much as a $33,000 discount that you can only get when financing. That can equate to as much as 50% off MSRP.
The Limited trim has the best deal, while the entry-level Mirai XLE offers a $25,000 discount. The catch is that these discounts are only available when buying and not when leasing. This remains one of the best deals on an electrified vehicle.
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Best 0% APR Truck Deals
Nissan Titan Financing Deal: 0% APR For 60 Months + $1,500 Loyalty Cash
Nissan recently brought back 0% financing on the 2024 Titan pickup. Through July 31st, all trims can be purchased interest-free for up to 5 years. Previously, the rate was 3.9%. This could translate to a big price cut for buyers. If you're a current Nissan owner or lessee, you may also qualify for a $1,500 loyalty discount.
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Are 0% APR Car Loans Worth It?
If you're tempted by 0% APR, it's important to keep in mind that there may be factors that determine whether or not 0% APR is worth it. At one point, RAM offered a choice between 0% APR for 72 months and $10,000 in savings. To find the best deal, you may need to weigh the total cost versus the monthly payment.
On a $50,000 truck, taking the financing would cost $50,000 at $694/month before taxes & fees. With a $10,000 discount, the same truck would cost $46,382 at $644/month assuming a rate of 5%. Here, taking the rebate would cost $50 less per month and be over $3,600 more affordable over the course of the loan.
So should you choose rebates or 0% APR? That depends. You may find that a lower payment trumps all for the sake of affordability. However, it's also important to look at the total cost and weigh the risks of negative equity. After all, lower payments can make it very easy to buy more car than you may be able to afford.
Sadly, rising inflation has promoted multiple Fed rate hikes. As a result, 0% APR car loans have become a lot harder to find. Even if you can manage to score a zero-interest loan, the odds are that the term will be a lot shorter than you'd like. Consider timing your purchase to find the best times to buy a car.
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