Zero-percent financing is back
By Lucy
Lazarony • Bankrate.com
Interest-free auto deals are hot again. And General
Motors and Ford are once again leading the charge.
Automakers looking to rev up auto sales and clear
out inventory have rolled out a wide array of interest-free financing
offers. Numerous 2004 models are available with zero-percent financing,
some with loan terms of up to 60 months.
The deals
Here is a roundup of the latest zero-percent financing deals and
cash-back offers.
GM is offering $5,000 cash back or zero-percent financing
for up to 60 months on most 2004 trucks and sport utility vehicles
including the Buick Rainier, Buick Rendezvous, Chevy Blazer, Chevy
Suburban, Chevy Tahoe, Chevy Tracker, Chevy Trailblazer, GMC Envoy,
GMC Yukon, Oldsmobile Bravada and Pontiac Aztek.
GM is also offering $4,000 cash back or zero-percent
financing for up to five years on many 2004 passenger cars including
the Buick Century, Buick LeSabre, Buick Park Avenue, Chevy Impala,
Chevy Monte Carlo and Pontiac Bonneville.
Some 2005 models are already available to consumers,
complete with cash-back and zero-percent financing incentives. For
example, GM is offering zero-percent financing for 36 months or
$1,500 cash back on 2005 models of the Buick Century and Buick Park
Avenue.
The offer runs through Aug. 2.
Ford is offering hefty cash rebates and interest-free
financing on many 2004 models, including $5,000 cash back or zero-percent
financing on the Ford Freestar minivan; $4,000 cash back or zero-percent
financing for up to 60 months on the Expedition and four-door Explorer;
$3,000 cash back or zero-percent financing for up to 60 months on
the Ford Taurus, Ford Crown Victoria, Ford Excursion and Ford Explorer
Sport Trac.
Ford is also offering zero-percent financing for 36
months or $1,000 cash back on the 2005 Ford Escape and 2005 Ford
Focus.
The offer runs through Aug. 2.
Kia is offering $3,000 cash back or zero-percent financing
for up to 60 months on the Kia Optima; $2,500 cash back or zero-percent
financing for up to 60 months on the Kia Spectra hatchback; $2,000
cash back or zero-percent financing for 36 months on the Kia Sedona
and $1,500 cash back or zero-percent financing on the Kia Spectra.
The offer runs through Aug. 2.
Volkswagen is offering zero-percent financing on 2004
models of the Jetta and Passat through July 31.
Land Rover is offering interest-free loans for up
to 36 months on its 2004 Discovery through Sept. 30.
Not sure how to choose between discount financing and a hefty cash
rebate? Bankrate.com's "Rebate
vs. dealer financing calculator" will help you crunch the
numbers.
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