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You’ve seen the headlines that we’re at the end of 0% car financing when car buying. But that only applies to some vehicles. There are still 0% car loans out there on new 2023 vehicles. Though the month of October is closing, these are the vehicles, by manufacturer, that have zero annual percentage rate (0 APR). We expect most, if not all of them, to offer no-interest financing in November 2023.

Most car loans average 7.4% interest. As a result, 17.7% of the loans push the monthly payments to over $1,000. But for “well-qualified” buyers, U.S. News says average loan rates are between 1.9% and 3.9%. 

Buying a new car is always about the bottom line, but that should also include how much interest you’re paying for the car’s loan. And even a 2% or 3% monthly loan can add up quickly. As CarFax points out, a 3% loan on a $25,000 car over 60 months comes to about $2,000. 

Who is eligible for 0% car loans?

Inside a dealership with car, woman, and salesman
New car sales | H. Armstrong Roberts/ClassicStock/Getty

Keep in mind that some of these advertised 0 APR loans vary from state to state. In some cases, they only apply to a specific model and trim and not over an entire line. The same goes for the length of the loan. 

Also, know that 0 APR loans are only for buyers with extremely high credit ratings. So, right off the bat, if your credit isn’t stellar, you’ll have to look for loan interest as a part of your monthly payment. These variables may or may not apply to the specific car you want, depending on the state you live in.  

So make sure you determine whether the car you’re looking for has 0 APR financing and whether the terms suit your expectations. Also, a number of these loans apply to vehicles at the end of their production, so manufacturers want them gone to embrace new models arriving in the next few months. 

Which cars have the 0% loans?

A row of Chevrolet Silverado pickup trucks on a used car lot in Ohio, the cheapest state to buy used cars in America.
A row of Chevrolet Silverados on an Ohio lot | Ty Wright, Bloomberg via Getty Images

2023 Chevrolet Silverado 1500 Crew Cab RST 

0% for a 36-month loan, $750 cash allowance, no payments for 90 days.

2023 Ford Edge in the city
2023 Ford Edge | Ford

2023 Ford Edge

0% for a 60-month loan, up to a $1,000 cash bonus.

Ford is dropping the Edge from its lineup in 2024. 

Blue 2023 Ford Mustang on pavement
2023 Ford Mustang | Ford

2023 Ford Mustang

0% for a 48-month loan, $2,000 cash bonus.

The all-new 2024 Mustang has been on sale since summer.

2022 Nissan Rogue Sport exterior
2022 Nissan Rogue Sport | Nissan Motor Corporation

2023 Nissan Rogue

0% for a 36-month loan, $500 bonus cash.

The 2024 Rogue is a refresh of the 2023 model.

2023 Nissan Murano in studio shot
2023 Nissan Murano | Nissan

2023 Nissan Murano

0% for a 36-month loan, $1,500 bonus cash.

An all-new 2025 Murano will go on sale in early 2024.

The 2023 Nissan Titan off-roading in sand
2023 Nissan Titan | Nissan

2023 Nissan Titan full-size pickup

0% for a 60-month loan, $1,500 bonus cash.

2024 is the final year for Nissan’s Titan.

2023 Nissan Altima with trees in background
2023 Nissan Altima | Nissan

2023 and 2024 Nissan Altima sedan

0% for a 36-month loan, $1,000 bonus cash.

The Altima will be discontinued sometime in 2024.

2023 Subaru Solterra EV on dirt with clouds in background
2023 Subaru Solterra EV | Subaru

How Does 0% APR Car Financing Work, and Is It Worth It?

2023 Subaru Solterra

0% for a 48-month loan.