Best 0% APR Car Deals: April 2024

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Senior Pricing Analyst

As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Senior Pricing Analyst - April 5, 2024

The best 0% financing deals on new cars, SUVs, and trucks in April 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.

Updated April 5th at 1:58 pm

Best 0% APR SUV Deals

Nissan Rogue small SUV blue color

The 2023 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 1.9% APR.

If you're looking to get an even better deal, consider financing at standard rates. That's because doing so can get you access to $2,000 in NMAC Retail Cash. This is basically a financing incentive that can't be combined with 0% APR.

    2024 Mazda CX-50 small SUV off-road

    Interestingly, the 2024 Mazda CX-50 has lower interest rates than the CX-5. In California, Mazda is offering 0% APR for 36 months through April 30th. However, the catch is that only select trims are eligible. In this case, 2.5 Turbo and Turbo Meridian Editions get 0% APR, while all other styles get a rate of 1.9%.

      Ford Edge ST midsize 2-row SUV

      2024 Ford Edge buyers in California 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. All styles are eligible through July 8th.

        2023 Ford Mustang Mach-E SUV silver color front view

        You can now get 0% financing for 72 months on any version of 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.

        GT styles offer $3,000 in bonus cash that can be stacked with 0% APR. This marks one of the best deals we've ever seen on the Mach-E. Last month, Ford also cut Mach-E MSRP prices by as much as $8,100 on some trims.

        Buyers should be aware that the Mach-E no longer qualifies for a $3,750 federal tax credit.

          Kia EV6 GT red color front view

          Last month, Kia cut interest rates on the 2024 EV6 to 0% APR for the first time. 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. We think both EVs offer compelling alternatives to traditional gas vehicles.

            Volkswagen Tiguan SUV white color

            The 2024 Volkswagen Tiguan benefits from its best 0% financing deal to date. Through April 30th, all versions of the spacious SUV feature zero-percent financing for 60 months. 0% APR deals on the Tiguan are extremely rare. This could be a sign that VW wants to sell these before the redesigned 2025 Tiguan arrives.

              Hyundai IONIQ 5

              Through April 30th, Hyundai is offering 0% APR financing for 60 months on all versions of the 2024 IONIQ 5.

              While we certainly love the option of having 0% financing, it's also worth knowing that Hyundai cut IONIQ 5 lease prices to $209 per month and that the EV ranks among the best SUVs to lease. If you want to get the most for your money, leasing the IONIQ 5 could be a considerably better deal.

              Toyota bZ4X EV grey color

              Through April 30th, all versions of the 2023 Toyota bZ4X feature 0% financing for up to 72 months. As of this writing, this bZ4X deal effectively matches that of the Subaru Solterra.

              If you don't need the all-wheel drive of the Solterra, this bZ4X deal could be worth a look. Note that the Toyota bZ4X remains ineligible for a $7,500 federal tax credit when purchasing.

              Looking to buy the latest model? Toyota is already discounting the 2024 bZ4X with up to $10,000 in lease cash.

              2023 Subaru Solterra EV off-road

              Subaru has cut 2024 Solterra financing rates to 0% APR for 72 months. That's the same deal the brand had on the now-sold-out 2023 Solterra. A month ago, the 0% deal on the 2024 model was limited to 48 months.

              Having said that, Solterras remain 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 and just $329 due at signing.

                2023 Nissan Ariya silver color EV

                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%. The downside is that Nissan is no longer offering $3,750 in NMAC Special APR Cash, a rebate you used to be able to get when financing.

                Prefer to lease? Nissan has been offering 18-month LEAF 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

                2022 Toyota Mirai

                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

                Chevy Silverado truck off-road

                The 2024 Chevy Silverado has interest rates as low as 0.9% APR through April 30th. While that's close to zero-percent financing, it's limited to loans of up to 36 months. This could seriously diminish the appeal of the low rate. Fortunately, longer-term loans have attractive interest rates, too.

                For example, 72-month loans on the Silverado Crew Cab in Texas have a rate of just 1.9% APR. In other parts of the country, the financing deal is 2.9%. Just be aware that these are standalone deals that can't be combined with other incentives. This could mean giving up big truck rebates.

                Best 0% APR Minivan Deals

                Chrysler Pacifica Minivan black color

                The 2023 Chrysler Pacifica is the only minivan for sale with 0% financing. However, there's an important quirk worth knowing about.

                For some reason, Chrysler is only offering 0% APR for 60 months on the Pacifica Hybrid. Despite what its name might imply, this is a plug-in hybrid with a much higher starting price than the gas Pacifica. If you were already in the market for a greener vehicle, this could be a deal worth taking advantage of.

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                Are 0% APR Car Loans Worth It?

                2023 RAM 1500

                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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                , Senior Pricing Analyst

                As CarsDirect’s resident pricing expert, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

                Follow On: Twitter

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