Best 0% APR Car Deals: July 2024 (2024)

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

Best 0% APR Car Deals: July 2024 (1)

  • 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.

Best 0% APR Car Deals: July 2024 (2)

  • 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.

Best 0% APR Car Deals: July 2024 (3)

  • 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.

Best 0% APR Car Deals: July 2024 (4)

  • 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.

    Best 0% APR Car Deals: July 2024 (5)

    • 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.

      Best 0% APR Car Deals: July 2024 (6)

      • 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.

        Best 0% APR Car Deals: July 2024 (7)

        • 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.

          Best 0% APR Car Deals: July 2024 (8)

          • 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.

            Best 0% APR Car Deals: July 2024 (9)

            • 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.

              Best 0% APR Car Deals: July 2024 (10)

              • 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.

                Best 0% APR Car Deals: July 2024 (11)

                • 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.

                Best 0% APR Car Deals: July 2024 (12)

                • 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.

                Best 0% APR Car Deals: July 2024 (13)

                • 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.

                  Best 0% APR Car Deals: July 2024 (14)

                  • 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.

                  Back to top

                  Best 0% APR Car Deals

                  Best 0% APR Car Deals: July 2024 (15)

                  • 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.

                  Back to top

                  Best 0% APR Truck Deals

                  Best 0% APR Car Deals: July 2024 (16)

                  • 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.

                  Back to top

                  Are 0% APR Car Loans Worth It?

                  Best 0% APR Car Deals: July 2024 (17)

                  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.

                  Back to top

                  Best 0% APR Car Deals: July 2024 (2024)

                  FAQs

                  Will car interest rates go down in 2024? ›

                  Auto loan rates for new and used vehicle purchases fell in the first quarter of 2024 to 6.73% and 11.91%, respectively, down slightly from the 15-year highs we saw at the end of 2023, according to Experian.

                  What credit score do you need for 0% APR on a car? ›

                  Lenders want to ensure you have a near-perfect history of making payments and handling your debt before offering you no-interest financing. An excellent credit score — 781 or higher — will get you the best deal on financing, but you can still qualify for a competitive interest rate if your score is 670 or higher.

                  Is it possible to get 0% interest on a car loan? ›

                  For car loans, 0% APR does indeed mean no interest is accrued. Unlike limited promotional 0% APR offers from credit cards, a 0% APR car loan is for the contractual length of the loan. That is, 48 months if it's a 48-month loan, 36 months for a 36-month loan, and so forth.

                  Is 2024 a good time to buy a car? ›

                  The best time to buy a car in 2024

                  Economists are predicting that the September session holds the most promise, depending on the rate of inflation over the summer. Given that interest rates remain high, the best time to buy a car in 2024 would be when they fall.

                  Can I negotiate APR on a car? ›

                  Yes, just like the price of the vehicle, the interest rate is negotiable. Dealers may not offer you the lowest rate that you qualify for. To get the best interest rate, shop around with multiple lenders and negotiate.

                  Which bank gives the lowest car loan interest rate? ›

                  HDFC offers you the lowest car loan interest rate in India, with a 7.95% to 8.30% valuation. The exact rate will depend on your car valuations, CIBIL score, and employment status.

                  Is 0% APR worth it? ›

                  While 0% APR financing seems like a great deal, it's not always the best option when you consider your budget and overall financial situation. You'd prefer a used car: With a 0% APR deal, you'll likely have to purchase a new car, which may cost more than you can afford.

                  Do 0% APR loans exist? ›

                  Balance transfer cards typically come with introductory 0% APR offers for balance transfers, allowing borrowers to pay off existing debt without interest for a limited time. However, personal loans provide a lump sum of money that can be used to pay off multiple debts and often come with fixed monthly payments.

                  How old of a car can I finance for 60 months? ›

                  However, lenders and banks typically follow common guidelines, especially as it relates to age and mileage. For example, you usually can't finance a used car older than 10 years with a five year loan. Similarly, you might not be able to finance a car with 150,000 miles for more than three years.

                  Are car prices coming down in 2024? ›

                  What vehicle are you interested in? Used car prices are falling as we head into summer 2024, and in all likelihood, we're just getting started. According to the most recent used car market update from Black Book, prices and trade-in values are softening as buyers turn their backs to high APRs and high prices.

                  How much will interest rates drop in 2024? ›

                  • Fannie Mae: Rates Will Decline to 6.7%

                  The July Housing Forecast from Fannie Mae puts the average 30-year fixed rate at 6.7% by year-end, a slight decline from an average of 6.8% in the third quarter. All told, the mortgage giant predicts mortgage rates will average 6.8% in 2024 and 6.4% in 2025.

                  Will cars be cheaper in 2025? ›

                  Car Price Inflation Is Real

                  The trend of rising car prices shows no sign of slowing down in 2025. While these increases might seem daunting, empowered buyers can still find ways to negotiate better deals. Staying updated on price trends and being prepared to negotiate are key strategies in this evolving market.

                  Will repo rate decrease in 2024? ›

                  Current Repo Rate in India (2024)

                  On June 8, 2024, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) decided to keep the key policy repo rate unchanged at 6.50 percent for the sixth consecutive time.

                  Top Articles
                  Latest Posts
                  Recommended Articles
                  Article information

                  Author: Maia Crooks Jr

                  Last Updated:

                  Views: 5791

                  Rating: 4.2 / 5 (43 voted)

                  Reviews: 90% of readers found this page helpful

                  Author information

                  Name: Maia Crooks Jr

                  Birthday: 1997-09-21

                  Address: 93119 Joseph Street, Peggyfurt, NC 11582

                  Phone: +2983088926881

                  Job: Principal Design Liaison

                  Hobby: Web surfing, Skiing, role-playing games, Sketching, Polo, Sewing, Genealogy

                  Introduction: My name is Maia Crooks Jr, I am a homely, joyous, shiny, successful, hilarious, thoughtful, joyous person who loves writing and wants to share my knowledge and understanding with you.