Top 0% Financing Deals: May 2018

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Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - May 4, 2018

We analyzed hundreds of new car offers to find the best 0% financing deals in May. The best involve loans of up to 72 months plus cashback. However, such promotions are sadly becoming more and more rare.

Deals like these can often require you to give up big cashback incentives, and can actually cost you more money in the long run when considering your total cost with interest.

Here, we've mainly focused on cases in which choosing 0% APR can result in a lower cost compared to rebates. These promos are available nationally unless noted otherwise.

Best 0% APR Deals on Cars

This month marks the start of a rare 0% financing promo on all 2018 Imprezas.

The catch is that the rate is only good for up to 36 months. We almost never see 0% on the Impreza and there are never rebates.

On a $22,000 car, this will probably save you a little over $1,000 in interest costs when compared to a 3% loan over the same period of time. At $135/month, the Impreza also ranks as one of the best leases.

This month's rebate on the 2018 Elantra is worth $2,500.

On a $20,000 car, your total cost over the life of the loan would be $19,144 assuming a 6-year note at 3%. With the 0% financing, the total cost would be $19,000.

Here in California, the only rebate on the Fusion Hybrid requires that you finance through Ford Credit.

Since the brand is offering 0% APR for 72 months, there's no reason not to take the special rate.

Next to a flat $3,500 rebate, you'll likely save more money by taking 0% APR.

On a $27,000 car, your cost with the rebate would be $25,335 on a 5-year loan at 3%. With the 0% deal, your cost would be $25,000

Since the Regal TourX features no rebates to speak of, most buyers will find it makes sense to take 0% financing.

On a $30,000 vehicle, doing so would save you over $2,300 in interest over 5 years compared to a normal loan at 3%.

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Best 0% APR Deals on SUVs

Discounts on the 2018 CX-3 are worth a paltry $250.

If you were to buy a $22,000 vehicle and finance at 3% for 5 years, you'd end up paying $1,449 more compared to 0% financing.

Shoppers in California currently have a choice between $3,000 cash or 0% APR for 60 months plus $2,000.

On a $25,000 vehicle, your cost with the rebate would be $23,718 assuming a 5-year loan at 3%. With the 0% promo, it would be $23,000.

Through May 14, GM is offering 0% financing for 72 months on all 2018 Tahoes.

The alternative is $1,000 cashback, but our analysis shows you'd probably save more by taking the financing.

On a $48,000 SUV, your cost with the financing would be $48,000. With the rebate, it would be $51,415 over the same period of time assuming a rate of 3%.

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Best 0% APR Deals on Trucks

Unfortunately, we can't recommend a 0% deal on a truck at the moment. Most shoppers may not know that taking 0% APR on a truck will disqualify them from enjoying big discounts.

For example, the RAM 1500 is currently eligible for 0% APR for 36 months plus $4,000 cash. However, it requires giving up $8,250 in rebates on versions like the RAM Sport.

On a $45,000 truck, your total cost with the 0% offer would be $41,000. With the rebate, your cost would be $39,620 with a traditional 5-year loan at 3%.

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, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website