Auto Financing: The Return Of 0% Loans

They're back--and better. Faced with slow sales, General Motors last week rolled out offers for 0% financing on almost every model, including Cadillacs and Saabs. Chrysler, Ford and Toyota quickly followed (albeit with deals on fewer models). This time many 0% loans extend not just three years but five.

You will need good credit to get the best rates; auto analyst Art Spinella of CNW Market Research in Bandon, Ore., says about half of applicants should qualify. And the current 0% deals, enticing as they look, aren't always the best option. You may find that taking one of today's large rebates...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!