0 Percent Financing for 72 Months on Cars: January 2024 Deals
Intro
Are you in the market for a new car but worried about the financial burden? Look no further! As of January 2024, several car manufacturers are offering 0% financing for 72 months on select models. This means you can drive away in a brand-new car with no interest paid over six years. Read on to learn more about the deals available and how to take advantage of them.
What is 0% Financing?
0% financing, also known as zero-interest financing, is a promotional offer where the lender provides a loan with no interest charges. This means that the borrower only pays the principal amount, making the loan more affordable. In the case of car financing, 0% financing can save you thousands of dollars in interest payments over the life of the loan.
Which Car Brands Offer 0% Financing for 72 Months?
As of January 2024, the following car brands are offering 0% financing for 72 months on select models:
Toyota
- 2024 Toyota Camry
- 2024 Toyota RAV4
- 2024 Toyota Highlander
Honda
- 2024 Honda Civic
- 2024 Honda CR-V
- 2024 Honda Pilot
Ford
- 2024 Ford F-150
- 2024 Ford Escape
- 2024 Ford Explorer
Chevrolet
- 2024 Chevrolet Silverado
- 2024 Chevrolet Equinox
- 2024 Chevrolet Traverse
What Are the Eligibility Criteria?
To be eligible for 0% financing for 72 months, you typically need to meet the following criteria:
- Credit Score: A good credit score (usually 700+)
- Down Payment: A minimum down payment (varies by lender and model)
- Loan Term: 72 months
- Model Year: 2024 models only
- Trim Level: Select trim levels only (varies by model)
How to Take Advantage of These Deals?
To take advantage of these deals, follow these steps:
- Research: Research the models and brands that offer 0% financing for 72 months.
- Check Eligibility: Check your credit score and ensure you meet the eligibility criteria.
- Visit a Dealership: Visit a dealership that offers the selected model and brand.
- Negotiate: Negotiate the price of the car and the loan terms with the dealer.
- Review and Sign: Review and sign the loan agreement carefully before finalizing the deal.
Conclusion
0% financing for 72 months is an attractive offer for car buyers, saving them thousands of dollars in interest payments. With several car brands offering this deal on select models, now is an excellent time to consider purchasing a new car. Remember to research, check your eligibility, and negotiate the best deal possible. Happy car shopping!
