Shoppers Seeing Longer Zero Percent Auto Loan Options in August

As each month’s new car incentives are announced, it seems as if the 0 percent rates are being offered on longer auto loan lengths at several automakers, with some up to six years long. It doesn’t get any better than 72-month, interest-free financing. Your credit score has to be good enough to qualify though.  

Shoppers who don’t qualify can still save money on their car loan in other ways. Most consumers who have good, but not excellent, credit can still get approved for discounted rates on their auto loans through the manufacturer or their credit union, bank or private lender. Sometimes a larger down payment can help lower your auto loan rate, since the lender will be taking less of a risk on the deal.

Here is a list of the automakers who are offering 0 percent financing in August 2010:

BuickBuick‘s leftover 2009 Enclave, LaCrosse and Lucerne models are 0 percent for up to a lengthy six years.

CadillacCadillac is offering 0 percent auto loans on all its 2010 vehicles this month. The car loans are 36 to 72 months in length, depending on the vehicle.

ChevroletChevrolet‘s 0 percent, 60-month car loans are good in August on the 2010 Cobalt, Corvette, HHR, Malibu, Colorado, Suburban, Tahoe and Traverse. Chevrolet is also offering 0 percent car loans for up to a whopping 72 months on the 2010 Impala, Avalanche and Silverado.

Chrysler – For up to a lengthy 72 months, the Chrysler 300, Sebring Convertible and Sebring Sedan can be purchased with interest-free financing this month. The PT Cruiser and Town & Country are available at 0 percent up to 60 months in August.

DodgeDodge is offering six-year, 0 percent car loans in August on the 2010 Avenger and Charger. While some automakers don’t require a down payment, Dodge’s offer, through GMAC, requires 10 percent down to get the interest-free loan. Five-year, 0 percent financing is available on the 2010 Dakota, Grand Caravan, Nitro and Ram 1500. The Caliber, Journey, Ram 2500, Ram 3500 and Ram Chassis Cab also have 0 percent auto loans in August, but only for three years.

FordFord is continuing its model year end sales event with extra cash incentives on top of its 0 percent auto loan rates in August. The 2010 Edge, Explorer, F-150, Flex, Mustang, Super Duty and Taurus have anywhere from $500 to $1,000 in bonus cash in addition to Ford Motor Credit’s 0 percent auto loan rate incentive. The length of the car loan at 0 percent varies widely, so check Ford’s website to see which loan length works best for your monthly budget. Most other 2010 Ford vehicles also have 0 percent auto loan incentives this month without the bonus cash.

GMCGMC is offering five-year, 0 percent car loans on its 2010 Acadia and Canyon. For six years, the Sierra is available with 0 percent financing in August.

Hummer – If there are any left, Hummer is offering 0 percent auto loans for up to 72 months on all remaining 2009 and 2010 models in August.

InfinitiInfiniti‘s 2010 G37 sedan, G37 coupe, G37 convertible, EX35, FX35 and FX50 all can be purchased with 0 percent financing for up to three years in August.

Jeep – For a lengthy six years, shoppers can take advantage of 0 percent financing on the Commander and Grand Cherokee. For five years, the Jeep Compass, Liberty and Patriot are 0 percent. For three years, buyers can get interest-free financing on the Wrangler and Wrangler Unlimited.

2010 Jeep Grand Cherokee

Leftover 2010 Jeep Grand Cherokees have 0 percent financing for up to six years in August.

KiaKia is offering 0 percent auto loans for 36 months on its 2010 Forte, Forte Koup, Optima, Sedona, Soul and Sportage. The 2011 Kia Sorento is also available for 36 months with 0 percent financing. The Forte, Forte Koup, Optima, Sedona and Sportage also have $1,000 to $1,500 in bonus cash on top of the 0 percent auto loan incentive this month.

LincolnLincoln is offering 0 percent auto loan rates for up to 60 months on the MKS, MKZ, MKX and Town Car in August.

MazdaMazda is combining 0 percent auto loan financing, no payments for 90 days and $500 in consumer cash for its Mazda6 for up to 60 months. Mazda’s other August 0 percent auto loan incentives are good on the Mazda3, Mazda5, CX-7, CX- 9 and Tribute, ranging from 36 to 60 months. The Mazda3 and CX-9 also have no payments for 90 days. The Mazda5 also has $500 extra cash this month.

Mercury – The 2010 Mercury Grand Marquis and Mountaineer are 0 percent for 36 months in August, while the Mariner is available with 0 percent financing for up to 60 months.

Mitsubishi – Buyers can take advantage of 0 percent financing for 60 months on all 2010 Mitsubishi models and all 2011 Eclipse models. The 2010 Lancer Evolution is 0 percent for 36 months. The 2011 Galant and Endeavor are 0 percent for 48 months.

NissanNissan is offering 0 percent auto loans from 36 to 60 months in August on its 2010 Versa sedan, Versa hatchback, Cube, Sentra, Altima, Altima coupe, Maxima, Rogue, Murano, Xterra, Pathfinder, Frontier and Titan. The length of the loan depends on the model.

Saab – All Saab vehicles have 0 percent financing in August, ranging from five to six years, depending on the model.

SuzukiSuzuki‘s 2010 Kizashi and SX4 can be purchased with 0 percent financing for four years. The Grand Vitara and Equator are 0 percent for five years in August.

ToyotaToyota‘s 0 percent auto loan rates are good on the 2010 Prius, Yaris, Corolla, Camry, Camry Hybrid, Venza, RAV4, Highlander and Tundra. Loan lengths vary from 36 to 48 months, depending on the model.

VolkswagenVolkswagen is offering August buyers 0 percent auto loans on all 2010 models except the TDI versions, Tiguan and Passat Wagon. Loan lengths range from 36 to 72 months, depending on the vehicle.

VolvoVolvo is offering 0 percent car loans for a lengthy 72 months on the XC70 and S80 in August. The S80 also comes with $2,250 in APR bonus cash.

Incentives listed are for the southeast region. They may differ depending on where you live. Check the automaker’s site to find the incentives in your area.

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