Car shopping in today’s market can be daunting. New vehicle prices have surged in recent years, adding to the financial strain felt by many. Compounding this issue, auto loan interest rates have climbed dramatically, making car ownership less affordable. For those with excellent credit, financing a new car, truck, or SUV can still mean facing interest rates averaging over 10%. However, there’s a silver lining for savvy buyers: 0 Car Finance Deals. Automakers are increasingly offering these enticing incentives as part of their year-end promotions to attract customers.
These 0 car finance deals, also known as zero percent financing, allow qualified buyers to borrow money to purchase a new vehicle without accruing any interest over the loan term. This can translate to substantial savings compared to traditional auto loans with interest. Currently, a wide array of 2024 and 2025 models are available with these attractive 0 car finance deals, sometimes for periods as long as 72 months. In fact, there are numerous models across various brands offering 0% financing this month. Notably, many of these 0 car finance deals are available on electric vehicles (EVs), which already offer long-term savings through lower fuel and maintenance costs.
Historically, the end of the year is a prime time to seek out new car deals. Dealerships are motivated to meet sales quotas and reduce inventory of current year models, paving the way for next year’s lineups. This urgency often translates into more aggressive incentives, including both cash rebates and appealing 0 car finance deals. For those in the market for a new car, the coming weeks, especially around Christmas and New Year’s Eve, are expected to present the most advantageous opportunities to secure a deal.
For some car buyers, particularly those considering higher-priced vehicles like full-size pickup trucks or luxury cars, opting for a 0 car finance deal can be significantly more beneficial than a cash rebate. To illustrate, consider a $50,000 auto loan taken for 60 months at a 10.37% interest rate. Over the loan’s duration, the total interest paid would amount to over $14,000. However, with a promotional 2.9% rate, the interest drops dramatically to under $4,000. And with a 0 car finance deal, the interest charges are completely eliminated, resulting in zero interest paid.
However, it’s crucial to understand the caveat associated with these 0 car finance deals: “for well-qualified buyers.” Eligibility for 0 car finance deals is typically reserved for individuals with excellent credit scores. Lenders assess creditworthiness based on factors like FICO scores, which reflect a borrower’s credit history and payment behavior. A higher FICO score indicates lower risk to the lender, increasing the likelihood of qualifying for the most favorable financing terms, including 0 car finance deals.
Generally, a FICO score of 720 or above is considered prime, making borrowers in this range strong candidates for 0 car finance deals. Scores between 690 and 719 are also viewed favorably. Individuals with lower credit scores, categorized as “subprime,” will likely face higher interest rates and may not qualify for 0 car finance deals. In some cases, those with very low credit scores may even be denied financing altogether.
New Vehicles Currently Offered with 0% Financing
Below is a list of new vehicles currently being offered with 0 car finance deals. These offers can change, so it’s always best to confirm with your local dealership.
- 2024 Acura ZDX: 0% for 72 months
- 2024 Chevrolet Blazer EV: 0% for 60 months plus $750 credit on a GM Charger
- 2024 Chevrolet Equinox EV: 0% for 60 months plus $750 credit on a GM Charger
- 2024 Chevrolet Silverado EV: 0% for 60 months plus $750 credit on a GM Charger
- 2025 Chevrolet Equinox: 0% for 36 months
- 2024 Chrysler Pacifica Plug-In Hybrid: 0% for 72 months
- 2024 GMC Sierra 1500 Crew Cab (6.2L): 0% for 36 months
- 2024 Honda Prologue: 0% for 60 months
- 2024 Hyundai Ioniq 5: 0% for 60 months
- 2024 Hyundai Ioniq 6: 0% for 60 months
- 2025 Hyundai Ioniq 6: 0% for 60 months
- 2024 Hyundai Tucson: 0% for 48 months
- 2025 Hyundai Tucson: 0% for 48 months
- 2024 Hyundai Tucson Hybrid: 0% for 48 months
- 2025 Hyundai Tucson Hybrid: 0% for 48 months
- 2024 Hyundai Santa Fe: 0% for 48 months
- 2025 Hyundai Santa Fe: 0% for 48 months
- 2024 Jeep Wagoneer S: 0% for 72 months
- 2024 Jeep Grand Cherokee: 0% for 36 months
- 2024 Jeep Grand Cherokee 4xe: 0% for 72 months
- 2024 Jeep Wrangler: 0% for 36 months
- 2024 Jeep Wrangler 4xe: 0% for 72 months
- 2024 Jeep Gladiator: 0% for 36 months
- 2024 Jeep Compass: 0% for 36 months
- 2024 Kia Sportage: 0% for 48 months
- 2024 Kia Sorento: 0% for 48 months
- 2024 Kia EV6: 0% for 72 months
- 2024 Kia Niro EV: 0% for 60 months
- 2024 Kia EV9: 0% for 72 months
- 2024 Lexus RZ: 0% for 48 months
- 2024 Mazda3: 0% for 36 months
- 2025 Mazda3: 0% for 36 months
- 2024 Mazda CX-30: 0% for 36 months
- 2024 Mazda CX-5: 0% for 36 months
- 2024 Mazda MX-5 Miata: 0% for 36 months
- 2024 Mitsubishi Eclipse Cross: 0% for 48 months
- 2024 Mitsubishi Outlander: 0% for 48 months
- 2024 Mitsubishi Outlander PHEV: 0% for 48 months
- 2024 Nissan Ariya: 0% for 72 months
- 2024 Nissan Pathfinder: 0% for 36 months
- 2024 Nissan Rogue: 0% for 60 months
- 2024 Nissan Titan: 0% for 60 months
- 2024 Nissan Titan XD: 0% for 60 months
- 2024 Subaru Solterra: 0% for 72 months
- 2024 Toyota bZ4X: 0% for 72 months
- 2024 Volkswagen Tiguan: 0% for 60 months
- 2024 Volkswagen ID.4: 0% for 72 months
In conclusion, 0 car finance deals present a significant opportunity for qualified buyers to save money on their new car purchase. With rising vehicle costs and interest rates, these deals offer a welcome respite, especially on a wide selection of new 2024 and 2025 models. As the year-end approaches, now is the ideal time to explore these offers and potentially drive away in a new car with zero interest charges. Remember to check your credit score and visit your local dealerships to confirm availability and eligibility for these 0 car finance deals.
