Foreign Automakers Focus on 0% Car Loans and More Leasing Incentives in February

February car shoppers will find continued record-low auto loan interest rates and more attractive leasing incentives across the foreign brands.

Honda – Honda continues its focus on leasing incentives in February. Only the 2009 and 2010 Odyssey and Pilot have car loan incentives in February. You can get an auto loan with 1.9% to 2.9% APR financing for those two models, depending on the length of the car loan. Honda’s February lease specials feature monthly lease payments ranging from $159 to $429 per month. Honda has four different lease incentives for its new Accord Crosstour CUV in February.

Toyota – Toyota is offering 0% interest auto loans on a lot of its models in February. The 0% loans are for 36 months and the interest rate increases as the length of the loan increases. The automaker is still offering $1,000 cash back only on its Yaris. The Prius, Corolla, Camry, Matrix, Venza, Rav4, Highlander, Sienna and Tacoma double cab all have lease incentives in January. You’ll need about $3,000 due at lease signing and monthly payments range from $149 to $319.

Scion is offering only lease incentives in February. The xB, tC and xD can be leased for $217 to $266 per month for 36 months. You’ll need about $900 at lease signing, which is less than what was required the past few months at about $1,000.

Mitsubishi Eclipse

Mitsubishi is offering qualified buyers a 0%, 72-month auto loan on its 2009 Eclipse and Eclipse Sypder in February.

Nissan – Nissan is offering buyers no interest car loans in February on most of its models or cash back incentives. For example, the 2010 Nissan Titan full-size truck can be purchased with 0% financing for up to 60 months, or buyers can choose $5,000 in cash back incentives. The popular Altima sedan has the same 0% auto loan incentive for up to 60 months in February or $1,000 cash back. Cash back offers range from $500 to $5,000.

Hyundai – Hyundai has extended its $1,000 Toyota trade-in incentive through March 1 for Toyota owners who buy a 2009 or 2010 Elantra or Sonata. The Toyota incentive is in addition to Hyundai’s cash back or low auto loan rate incentives. Hyundai has lease specials on its 2010 Veracruz, 2010 Tucson, 2011 Sonata, 2010 Genesis and Genesis Coupe and 2010 Elantra and Elantra Touring in February. Hyundai is also offering low auto loan rates and bonus cash on several models.

Suzuki – All remaining 2009 Suzuki models have 0% auto loans for 60 months in February. Shoppers can also receive $2,000 to $4,000 in factory customer cash on 2009 models. On Suzuki’s 2010 models, factory customer cash ranges from $1,000 to $1,500. Suzuki’s 2010 models can be purchased with 1.9% financing for 60 months on every model except the new Kizashi, which has a 3.9% auto loan offer. Suzuki is also offering owner loyalty, military and graduate incentives as well in February.

Kia – Kia is offering $500 to $3,000 in cash back incentives on select models in February. Buyers can take advantage of 36-month, 0% auto loans on the 2010 Forte, Forte Koup and Soul and the 2011 Sorento. Kia also has lease specials on its 2009 Borrego, 2010 Forte, Forte Koup and Soul and its 2011 Sorento. Kia is also offering competitive bonus, owner loyalty, college and military incentives as well.

Mazda – Mazda is promoting its leases in February with no money due at signing, no first month’s payment, no security deposit and no down payment. Mazda has 0% car loan incentives on all its models except the 2010 MX-5 Miata and RX-8. Mazda also has loyalty bonus incentives and customer cash incentives in February.

Mitsubishi – Mitsubishi is giving buyers $500 in trade-in assistance cash for qualifying vehicles in February. Qualifying trade-in vehicles include Acura, Honda, Infiniti, Isuzu, Lexus, Mazda, Nissan, Scion, Subaru, Suzuki and Toyota. Mitsubishi is also offering factory rebates up to $3,500 on select models. Every Mitsubishi vehicle has a 0% auto loan incentive in February. The 2009 Eclipse and Eclipse Spyder can be purchased with a 0% interest car loan for a whopping 72 months. The 2010 Lancer ES CVT, 2010 Lancer Evolution GSR 5MT and 2010 Outlander 2.4 ES 2WD have lease specials in February. Mitsubishi is also offering military and customer loyalty incentives in February.

Subaru – Subaru is offering low auto loan rates and lease specials in February. Qualified buyers can take advantage of low financing on several models or low lease payments on other models.

*Some incentives listed are for the Southeast region. Check the automaker’s Web site to search for incentives in your area, as they may be different depending on where you live.