Which cars are currently 0% APR?

As of January 2026, numerous cars offer 0% APR financing, including various Kia (Niro, EV6, Sorento, Telluride, EV9), Hyundai (Palisade, Santa Fe, Tucson Hybrid, Ioniq 5, Ioniq 9), Subaru (Outback, Solterra), Nissan (Rogue, Pathfinder, Ariya), Ford (F-250, Mustang Mach-E), Chevrolet (Blazer EV, Silverado EV, Equinox EV), Mazda (CX-5, CX-50, CX-90), Toyota (Tundra, Mirai, bZ), and Jeep (Grand Cherokee 4xe, Wagoneer) models, often with terms up to 72 months, sometimes combined with cash incentives, though availability depends on location and credit.

Which cars are 0% interest right now?

Best 0% APR SUV Deals

• 2026 Honda Prologue. Electric. 0.99% APR for 60 months. ...
• 2025 Ford Mustang Mach-E. Electric. ...
• 2025 Mitsubishi Outlander. Plug-In Hybrid. ...
• 2026 Hyundai Santa Fe. Hybrid. ...
• 2026 Hyundai Tucson. Hybrid. ...
• 2026 Nissan Murano. 0% APR for 60 months. ...
• 2026 Tesla Model Y. Electric. ...
• 2026 Nissan Rogue. 0% APR for 60 months.

Is 0% APR a trap?

Yes, 0% APR can be a trap if you overspend, miss payments, or don't pay off the balance before the promotional period ends, leading to a high interest rate on the remaining debt; however, it's a useful financial tool for planned purchases or balance transfers if used responsibly by paying it off fully and on time. The "trap" lies in tempting you to overspend or rely on it as a long-term solution, when it's really a short-term financing offer.
 

Is 0% APR good on a car?

No-interest financing is a good choice if you plan on financing a new vehicle — although you may save more with a rebate. You will need to commit to a more expensive trim because manufacturers typically don't offer 0 percent financing on base models, so you'll pay for extra features.

Are 0% car deals really free?

Even though you're not paying interest on these loans, it doesn't mean you're actually saving money. Car dealerships offer 0% APR (that stands for annual percentage rate) as a way to drive sales on a slow-selling model or help make room for new inventory.

The TRUTH About 0% Car Loans

How much is $40,000 car payment for 60 months?

A $40,000 car payment over 60 months (5 years) results in monthly payments typically ranging from the high $700s to over $900, depending heavily on the Annual Percentage Rate (APR) and any down payment; for example, at a 7% APR with no down payment, it's around $755/month, but with a strong credit score and lower APR (e.g., 4%), it could drop to about $737/month, with total interest adding thousands over the loan term. 

Why Dave Ramsey says not to finance a car?

Dave Ramsey advises against financing cars because they are depreciating assets (lose value) while loans accrue interest, making them a wealth-draining "dumb debt" that keeps people stuck in the middle class, unlike a home that might appreciate; he advocates paying cash or saving up to buy a reliable, older used car to avoid interest and build wealth faster by investing what would have been car payments.
 

What are the downsides of 0% car deals?

Downsides of 0% car deals include needing excellent credit, missing out on cash rebates, facing higher monthly payments due to shorter terms, limited vehicle selection, and the potential for higher sticker prices as interest savings are built-in; you often trade price negotiation flexibility for no interest, making traditional loans sometimes cheaper overall. 

What are the disadvantages of 0% APR?

Avoiding the Pitfalls of 0% Financing

• Added benefits. ...
• Not paying off the balance could result in enormous finance charges. ...
• The 0% APR doesn't last forever. ...
• Missing a payment can be costly. ...
• Minimum payments aren't enough.

What should a $30,000 car payment be?

For a $30,000 car, the average monthly payment varies widely but often falls in the $500 to $700+ range, depending heavily on your down payment, interest rate (APR), and loan term (e.g., 60 or 72 months), with better credit leading to lower rates and payments. For example, with $3,000 down and a 6% rate over 60 months, it could be around $520; with higher rates for lower credit, it could exceed $700. 

How do dealers make money on 0 APR?

How do dealerships make money on 0% APR loans? Dealerships make money by selling the car itself, often without any discounts on the sale price. It can be a way for them to move slower-selling models and increase sales when traffic is slow.

What is the 2 2 2 credit rule?

The 2-2-2 credit rule is a guideline for building a strong credit profile, often used by mortgage lenders, suggesting you should have two active credit accounts, with a history of at least two years, and a minimum credit limit of $2,000 (or consistent on-time payments) to show lenders you're a reliable borrower. It demonstrates you can handle multiple credit lines responsibly, reducing risk for lenders and improving your chances for major loans like mortgages. 

How to get 0% APR on a new car?

Zero percent financing is typically limited to “qualified buyers” or those with “tier one credit.” This means you'll likely need to have a credit score higher than 700 or 720 to be eligible for 0% financing.

Can I get a 1.9 interest rate on a car loan?

Yes, you can get a 1.9% interest rate on a car loan, but it's typically reserved for new cars, well-qualified buyers (excellent credit, FICO 720+), and often tied to specific manufacturer incentives (like Hyundai, Mazda, Subaru offers), requiring you to choose the low rate instead of a cash rebate. While possible, these promotional rates come with strict conditions and aren't available to everyone, so always check the fine print. 

What is the cheapest car loan right now?

Today's lowest auto loan rates can be found near 2.99% to 3.89% APR for new cars, often from credit unions like Innovations Financial Credit Union (2.99% for 24 mo) or Navy Federal (3.89% for 12-36 mo), while banks like Bank of America offer rates starting around 5.29% for new cars. Used car rates are slightly higher, and longer terms usually come with higher rates, so always check various lenders like PSECU and LendingTree for personalized quotes. 

What's the monthly payment on a $40,000 vehicle?

A $40,000 car payment varies greatly but expect roughly $700-$1,100+ monthly, depending on loan term (3-7 years), interest rate (tied to credit), and down payment, with longer terms and higher rates increasing total interest paid. For example, a 5-year loan at 4% could be around $737/month, while a shorter 3-year loan at 2% might be $1,146/month, excluding taxes, fees, and insurance. 

How to get a free car from a dealership?

Charity and Nonprofit Car Donation Programs: Several nonprofits work with car dealerships to provide free or heavily discounted cars to individuals and families in need. Programs like 1-800-Charity Cars and Vehicles for Change offer cars to low-income individuals, single mothers, and veterans.

Is it better to buy new or used with a loan?

It may be easier to secure a loan for a new car than it is for a used car, and new car loans often come with lower interest rates. Used cars can be a good fit if you're on a budget and they generally cost less to insure; however, interest rates for used car loans are often higher than for new car loans.

What not to say to a dealership when buying a car?

Let's look at some things to keep under your hat while you explore the lot.

• "I Don't Know Much About Cars"
• "My Current Car Is on Its Last Legs"
• "My Lease Is Almost Up"
• "I'm Going to Pay Cash!"
• "I Already Have a Car Loan Lined Up"
• "I Love This Car"
• "I've Never Bought a New Car Before"

What car manufacturers are offering 0% financing?

As of early 2026, several brands like Toyota, Hyundai, Kia, Ford, Chevrolet, Nissan, and Mitsubishi offer 0% financing on various models, often for specific model years (like 2025 or 2026) and limited periods, with deals frequently found on EVs and popular SUVs/trucks such as the Ford Mustang Mach-E, Kia EV9, Chevy Blazer EV, Toyota bZ, and Nissan Rogue; however, these promotions require excellent credit and vary by region, so checking with local dealers for specific terms (e.g., 60-72 months) is crucial.
 

Which car flips over the most?

SUVs, pickup trucks, and large vans have the highest rollover rates due to their high center of gravity, with specific models like older Jeeps (Wrangler), certain Chevy/GMC trucks (Colorado, Tahoe, Yukon), and large vans (Nissan NV3500) frequently cited for high risk, though modern vehicles have improved, making smaller crossovers and sports cars more statistically dangerous in some fatal crash studies.
 

Why does Suze Orman say never lease a car?

But according to personal finance expert and New York Times bestselling author Suze Orman, you should never lease one. “Leasing a car is the biggest waste of money out there. You only get to drive at 12,000 miles. You have to have a lease gap insurance.

What is the 11 word phrase to stop debt collectors?

The 11-word phrase to stop debt collectors is: "Please cease and desist all calls and contact with me, immediately." While this phrase triggers your rights under the Fair Debt Collection Practices Act (FDCPA) to stop most communications, it must be sent in writing (certified mail recommended) and doesn't erase the debt; collectors can still take legal action or send one final confirmation. 

What is the most financially smart way to buy a car?

The best way to finance a car involves getting preapproved from banks/credit unions before the dealership, making a large down payment (15-20% if possible) to lower interest, and comparing multiple loan offers to find the lowest rate, often from third-party lenders rather than solely relying on the dealer, balancing lower monthly payments with total cost over time.