0% Financing for 72 Months: A Dream Come True for Used SUV Buyers
Are you in the market for a used SUV but struggling to find a financing option that fits your budget? Look no further! Many dealerships and lenders are now offering 0% financing for 72 months on certified pre-owned SUVs. This incredible deal can help you drive away in your dream vehicle without breaking the bank.
What does 0% financing mean?
0% financing means that you won't be charged any interest on your loan for the entire 72-month term. This can save you thousands of dollars in interest payments over the life of the loan. With 0% financing, your monthly payments will be lower, making it easier to fit your new SUV into your budget.
How does 0% financing for 72 months work?
To take advantage of 0% financing for 72 months, you'll typically need to meet certain requirements, such as:
- Credit score: You'll need a good credit score, usually 700 or higher, to qualify for 0% financing.
- Certified pre-owned vehicle: The SUV must be a certified pre-owned (CPO) vehicle, which means it has been inspected and certified by the manufacturer or dealer.
- Down payment: You may be required to make a down payment, which can vary depending on the lender and your credit score.
- Loan terms: The 0% financing offer is usually only available for 72 months, which means you'll need to commit to a 6-year loan.
Benefits of 0% financing for 72 months
There are several benefits to 0% financing for 72 months, including:
- Lower monthly payments: With 0% interest, your monthly payments will be lower, making it easier to fit your new SUV into your budget.
- No interest charges: You won't be charged any interest on your loan, which can save you thousands of dollars over the life of the loan.
- Longer loan term: The 72-month loan term gives you more time to pay off the loan, which can help reduce your monthly payments.
- More affordable SUV options: With 0% financing, you may be able to afford a more expensive SUV than you thought possible.
Used SUV models that may qualify for 0% financing
Many certified pre-owned SUV models may qualify for 0% financing for 72 months, including:
- Toyota RAV4: A popular compact SUV with a comfortable ride and good fuel economy.
- Honda CR-V: A reliable and spacious compact SUV with a strong resale value.
- Ford Escape: A fun-to-drive compact SUV with a range of engine options and advanced tech features.
- Jeep Grand Cherokee: A rugged and capable midsize SUV with a comfortable interior and impressive towing capacity.
Conclusion
0% financing for 72 months is an incredible opportunity for used SUV buyers. With lower monthly payments, no interest charges, and a longer loan term, you can drive away in your dream vehicle without breaking the bank. Just remember to research and compare different lenders and dealerships to find the best deal for your needs and budget.
