What time of the year are 0% new car interest rates usually offered by car makers?
We are looking into buying a new car, but really only want to finance at 0% if possible. I'm thinking it might be near the end of the year so dealers can get ride of inventory, but that's just a guess on my part. Also, does anyone know of any car maker currently offering 0% financing?
Public Comments
- Depends on the manufacturer. Some are offering 0% right now on some models (VW, Hyundai, Chevy, Mazda) and some will never offered 0% on any models (Honda). Incentives are based on inventory (supply and demand) and market conditions. It is impossible to determine what the market conditions will be in 6 months, but you can guess based on prior years. 0% is not always the best route if the option is a heavy rebate and you have good credit to keep your interest rate low.
- September and October on previous years vehicle. Better off getting the newer year model and get 2.9% on the current year car. On s $20,000 loan over 3 years it cost $906.76 in interest. Much better off to have the a 1 year newer car for $906.76
- Right now. A lot of manufacturers are offering 0.0%. That is with approved credit. Mazda has it right now on just about all vehicles. The rest of the manufacturers, well, you'll have to do some work yourself. Go to the website of the vehicle you are looking at and check. Why would you ask here when you can simply google it? We are not going to do your research for you. From your friendly Mazda Salesperson :-)
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