Many brands offer 0 percent interest, which suggests that you can finance a car and pay no interest over the term of the loan.
Is 0 financing a good deal?
A zero percent loan is often advertised as one of the best deals you can get when you’re buying a new car. You’ll sometimes hear people call such financing “free money.” Provided you can find and qualify for a zero percent car loan, it sounds like a no-brainer.
What car companies are offering 0 financing?
- 2019 Chevrolet Silverado. Purchase Deal: 0% financing for 72 months.
- 2018 Jeep Renegade. Purchase Deal: 0% financing for 36 months plus up to $2,000 bonus cash.
- 2018 Hyundai Elantra.
- 2019 Nissan Altima.
- 2018 Ford Focus.
- 2018 Hyundai Sonata.
- 2019 Ford Fusion.
- 2019 Nissan Rogue.
Can I get 0 financing on a new car?
Even if you’re not able to secure a 0% APR auto loan on your first attempt, you still have options. Many lenders, including credit unions, banks and auto finance companies, offer low-interest-rate loans on cars that may not result in large interest payments.
Is zero percent financing a good idea?
An acceptable credit score would be at least 750 to qualify for zero percent interest. Unless you have very good credit, practically no debt, a very secure job and you own your own home, you probably aren’t going to qualify for zero percent financing.
Photo in the article by “Flickr”