The best 0% financing deals on new cars, SUVs, and trucks in June 2024 feature no-interest auto loans for 72 months plus as much as $30,000 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.
Stay tuned for our special 4th of July deals coverage later this month.
Best 0% APR SUV Deals
Ford Mustang Mach-E Financing Deal: 0% APR For 72 Months + $4,500 Off MSRP
Ford is continuing to offer the best financing deal ever on the 2023 Ford Mustang Mach-E. Previously, the best deal was 0% APR for 60 months. Before that, 0% financing was limited to just 36 months. But that's not all. The high-performance Mach-E GT also offers $3,000 in bonus cash that can be stacked.
Tesla owners can also take advantage of $1,500 in conquest cash for switching brands. That's up to $4,500 in savings plus zero-percent APR. Not long ago, Ford also cut Mach-E prices by as much as $8,100 on some trims. Just be aware that the Mach-E no longer qualifies for a $3,750 federal tax credit.
Mazda CX-30 Financing Deal: 0% APR For 36 Months
The 2024 Mazda CX-30 offers interest-free financing for up to 3 years. That isn't long, but it's the best deal we've seen this year. Additionally, you can score a $500 conquest cash incentive when coming from an eligible competitor. Looking for more space? Our analysis found that the CX-5 and CX-50 have 0% financing, too.
Volkswagen Taos Financing Deal: 0% APR For 60 Months
Volkswagen's most affordable SUV has an unusually good deal. Through July 1st, all 2024 Taos crossovers offer 0% financing for 60 months. That's the best deal to date and could make the Taos a surprisingly good value. Alternatively, VW is offering buyers a $1,500 Customer Bonus rebate, though the offers can't be combined.
Volkswagen ID.4 Financing Deal: 0% APR For 72 Months
Through July 1st, 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 last month, we also found that Volkswagen discontinued rebates on the 62 kWh Standard model. As before, we think leasing the ID.4 may be a lot more appealing with $11,750 in savings on both configurations. Be sure to compare your choices.
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 1st, 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 small SUVs with 0% financing. The downside is that it's limited to loans up to 36 months. While there are financing incentives for longer terms, the 60-month rate is a bit higher at 2.9% APR. It's unclear if Nissan has better deals in store for the 4th of July holiday.
Ford Edge Financing Deal: 0% APR For 72 Months + $3,000 Off MSRP
2024 Ford Edge buyers in California and select states can continue to get 0% financing for up to 72 months. What's more, you can stack the incentive with $3,000 in bonus cash. If you're shopping for a midsized SUV, you'll be hard-pressed to find 0% financing that can be combined with rebates. Offers end on July 8th.
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 1st, 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 1st, 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 $16,250 in lease cash and offers starting at just $189 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 + $2,000 Off MSRP
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%. Additionally, Nissan is offering $2,000 in Customer Bonus Cash on all trims. That's an unusual combination of deals that could save you a lot of money on a purchase.
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 + $30,000 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 $30,000 discount that you can only get when financing.
The Limited trim has the best deal, while the entry-level Mirai XLE offers a $22,000 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
Nissan just brought back 0% financing on the 2024 Titan pickup. Through July 1st, 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. Alternatively, Nissan is offering $3,000 in Customer Cash that can't be combined with 0% financing.
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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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