Several major car brands are currently offering 0% Annual Percentage Rate (APR) financing deals, but these promotions are typically limited to specific models, for qualified buyers with excellent credit, and for a set loan term. As of late 2023 and into 2024, brands known for frequently offering 0% APR include General Motors (GM) on select Chevrolet, GMC, Buick, and Cadillac models; Ford Motor Company on trucks and SUVs like the F-150 and Explorer; and Stellantis on various Jeep, Ram, Dodge, and Chrysler vehicles. It's crucial to understand that these are strategic incentives used to clear out inventory, often for outgoing model years or less popular trims.
These offers are not a standard feature and fluctuate based on market conditions, inventory levels, and the time of year. The best time to find 0% financing is typically during holiday sales events like Memorial Day, Fourth of July, and year-end clearance. While the interest savings can be substantial, it often comes as an alternative to other cash rebates or customer cash incentives. You usually have to choose between a large upfront discount or the promotional financing, so running the numbers both ways is essential.
Your credit score is the most important factor. Tier 1 credit (generally a FICO score of 740 or higher) is almost always required to qualify. The loan term is also a key variable; a 0% offer might be for 36 months, while a 72-month loan could have a higher rate. Always get pre-approved through your own bank or credit union to have a baseline for comparison.
| Brand | Typical Models with 0% Offers | Common Loan Term | Key Consideration |
|---|
| Chevrolet | Silverado 1500, Equinox, Malibu | 36-72 months | Often in lieu of $1,000-$5,000 in customer cash |
| Ford | F-150, Explorer, Escape | 36-60 months | Frequently targeted at high-volume SUVs and trucks |
| Jeep | Grand Cherokee, Compass, Wrangler | 36-48 months | Used to manage inventory on specific trims |
| GMC | Sierra 1500, Terrain | 36-72 months | Similar to Chevrolet offers, varies by model |
| Ram | 1500 Truck | 36-60 months | A common competitive tool in the truck segment |
| Nissan | Titan, Rogue, Altima | 36-48 months | Less frequent, but appears on select models |
| Toyota | Rare, but occasionally on Tundra or Camry | 36 months | Typically offers low APR instead of true 0% |
The bottom line is to read the fine print. A 0% APR deal can save you thousands in interest, but only if you qualify and if it's the most financially advantageous option when compared to all available rebates.
