Best 0% APR Car Deals: December 2024

Last month, 2025 HUMMER EVs became eligible for their first financing deals. The sweet spot is 0% financing for 60 months. What's truly interesting about this HUMMER financing incentive is that both 2024 and 2025-model-year versions of the all-electric SUV and truck have the same great APR.

Tesla is continuing to offer 0% financing for 60 months on the 2025 Model Y. Unlike a previous 0% APR deal for 72 months, the offer doesn't require you to opt-in for the $8,000 "Full Self Driving (Supervised)" upgrade.

The biggest catch with the Model Y deal is that you'll need at least a 20% down payment to get it. If you don't, the rate increases to 0.99%. Similarly, the 72-month rate is 0.99% APR with 20% down or 1.99% without it.

If you take delivery of your new Model Y by 12/31, Tesla is also offering 3 months of free Full Self-Driving as well as free Supercharging. That could be a nice added bonus if you've been waiting for an even better deal.

2024 Mustang Mach-Es continue to offer 0% APR financing for 72 months. However, unlike a previous deal, you can stack the offer with $5,000 in bonus cash. Additionally, Tesla owners can score $1,500 in conquest cash for switching brands. That's $6,500 plus no interest for 6 years.

You can also give up a charging credit in exchange for $1,000 in bonus cash. Under ideal circumstances, this could get you 0% financing for 6 years plus $7,500 in bonus cash. As before, Ford is also offering a free home charger installation when buying or leasing a new Mach-E.

Hyundai is offering 0% financing for 60 months on all versions of the 2024 IONIQ 5. While we certainly like the option of having 0% APR, Hyundai is also offering $7,500 in Retail Bonus Cash. The offers can't be combined, so be sure to consider which deal makes sense for you.

A few months ago, Hyundai introduced a Competitive Owner Coupon worth $1,000 on all 2024 IONIQ 5 trims. A slew of mainstream brands are eligible for the discount such as Toyota, Honda, Chevy, Ford, Nissan, and Subaru. Hyundai is also targeting customers from Tesla, Polestar, and Fisker.

Hyundai is giving dealers a big reason to clear out 2024 IONIQ 5 inventory before the end of the year. On select EVs that have been in stock the longest, dealers are being given a $1,000 Inventory Coupon to help lower prices. This could mean $2,000 in combined savings plus 0% financing.

Through January 2nd, 2024 Volkswagen Tiguans offer 0% financing for 60 months. That's a price cut from the previous rate of 1.9% APR. On a $35,000 vehicle, we estimate that the change could save buyers over $1,700 in interest. Practically no small SUVs have 0% APR financing incentives this good right now.

Once again, Kia is offering 0% financing for 72 months on all 2024 EV6s. Even the high-performance GT model is eligible for the deal. Previously, 0% financing was limited to 60 months. At this price, the EV6 is cheaper to finance than a Hyundai IONIQ 5 which has 0% APR but only for up to 60 months.

Kia is also offering a confusing-sounding bonus on the EV6 worth $1,000 but only on select inventory. It's called the Select VIN Sticker Retail Bonus and may be able to get you additional savings on older stock. Last month's $1,000 Tesla owner discount is gone, however.

The 2024 Jeep Grand Cherokee 4xe continues to be eligible for 0% APR for 72 months. That's the lowest rate to date, making the Grand Cherokee plug-in hybrid a much better deal than before if you were planning to buy rather than lease. Before the rate cut, the Grand Cherokee 4xe only offered standard rates.

Looking to buy a non-plug-in Grand Cherokee? In California, the 3-row Overland trims offer up to $9,000 in rebates off MSRP. That's the deepest discount to date and among the biggest rebates on an SUV. Current Jeep incentives are set to expire on January 2nd, 2025.

A few months ago, Jeep slashed interest rates on the 2024 Wrangler 4xe plug-in hybrid. You can now enjoy zero-percent financing for up to 6 years. Previously, the Wrangler plug-in was only eligible for standard rates. On a well-equipped configuration, we estimate that this could translate to a $12,000 price cut.

Shoppers should be aware that 2024 Wrangler plug-in hybrids are also eligible for a $3,750 federal tax credit. Wrangler 4xe models were recently recalled due to the risk of battery fire. Be sure to check with your dealer about the status of a particular unit to find out if any recall-related work is required.

2024 Kia EV9s remain eligible for 0% APR for 72 months through January 2nd. Previously, zero-percent financing was limited to just 48 months. This remains the best APR deal to date on the EV9. Additionally, the EV9 Land trim now has $750 in Bonus Cash.

Older EV9 inventory also qualifies for a $1,000 Select VIN Sticker Retail Bonus that could total $1,750 in savings with the incentive on the EV9 Land. The best part is that these offers can be stacked with 0% APR. Note that EV9s aren't eligible for a tax credit on purchases.

The 2024 Mitsubishi Outlander is one of the few vehicles in its class with 0% financing. Both gas and PHEV versions of the SUV offer zero interest for 4 years. However, we think a 5-year loan at the slightly higher rate of 0.99% APR may be a better deal if you're looking to score a lower monthly payment.

There may be some additional ways to save. That's because Mitsubishi is offering $1,000 in Trade-In Assistance as well as $1,000 in Owner Loyalty Cash. If you're a returning Mitsubishi customer and have a vehicle to trade in, this could enable you to score $2,000 in savings and get 0% APR financing.

Through January 2nd, 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.

Through January 6th, all versions of the 2024 Toyota bZ4X feature 0% financing for 72 months. 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 some regions, the bZ4X offers over $16,000 in lease cash with offers starting at just $219 a month. That could make the bZ4X surprisingly affordable for an SUV with an MSRP over $40,000.

For reference, the 2024 Subaru Solterra is built on the same platform as the bZ4X and has zero-percent financing for 6 years but no bonus cash.

The 2024 Toyota Mirai still has the best 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 $33,000 discount that you can only get when financing.

The Limited trim has the best deal, while the entry-level Mirai XLE offers a $25,000 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.

Last month, 2024 GMC Sierra EV interest rates plummeted to 0%. You can now score no interest for 5 years, whereas the previous rate was over 6%. On a $100,000 truck, that could translate to a price cut of over $15,000.

Just be aware that only the Denali Edition 1 is available for the truck's inaugural year. If you prefer something more extreme, GMC HUMMER EVs have the same deal, even on 2025 models (with the Sierra, it's only the 2024 model).

Nissan is continuing to offer 0% financing on 2024 Titan pickups. Through January 6th, all trims can be purchased interest-free for up to 5 years. Previously, the rate was 3.9%. Alternatively, Nissan is offering a $3,000 Customer Cash incentive that can't be combined with the 0% financing.

Most versions of the 2024 RAM 1500 Classic offer 0.9% financing for up to 72 months. While it isn't zero-percent financing, the latest deal from Stellantis gets awfully close. On a $50,000 truck, we estimate this could save buyers roughly $10,000 when compared to a traditional loan at 7%.

The downside is that this is a standalone deal that can't be combined with other incentives. On select RAM 1500 Classic trims, that means giving up a 15% discount off MSRP this month. Another drawback is that this ultra-low rate remains unavailable on the 2025 RAM 1500 pickup.