Coronavirus Zero-Interest Car Loans and Deals


Automakers are offering strong financing deals on new cars right now, including low interest rate loans and deferred payments. We're collecting a list of new car deals to help you get back on the road. We recommend considering your situation carefully before committing to a car loan or lease that creates a financial obligation you may carry for years. But if you need to purchase a vehicle now, it's important to understand the current buying landscape and know how to shop and buy quickly and safely.

We'll continue to update this article as new information and offers become available.

New Car Incentives and Payment Deferral Programs

You can easily find financing deals, cash-back offers and more for cars, trucks and SUVs on our incentives page. We've also compiled a list of automakers currently offering special finance deals and payment deferrals for new buyers to give you a general overview of what's being offered.

Several companies are offering zero interest on long loan terms, as much as 72 or 84 months. We generally do not recommend taking on such a long loan; you can find out more in our article on six- and seven-year loans.

It's also worth noting that all of these auto loan offers are subject to approval and will depend on the buyer's credit score and other factors.

Current Deals

Acura is offering 90-day deferred payments for qualified customers. Special interest rates are available on some certified pre-owned models as well.
See new Acura models for sale near you

Alfa Romeo is deferring the first payment on new loans for 90 days for qualified customers.
See Alfa Romeo models for sale near you

Buick has 0% APR on select models and deferred monthly payments for 120 days on most vehicles.
See Buick models for sale in your area

Cadillac will defer the first payment for 120 days for qualified buyers.
See Cadillac vehicles available near you

Chevrolet is offering zero-interest loans and 120 days of deferred payments. Please see our note at the start of this section about long-term loans.
See Chevrolet vehicles for sale near you

Chrysler is currently offering 0% loans on select models and in certain regions. It is also offering no payments for 90 days.
See Chrysler vehicles in your area

Dodge, is currently offering 0% loans on select models and in certain regions. It is also offering no payments for 90 days.
See Dodge cars and SUVs for sale near you

Ford is offering 90 days of deferred payments on some models and the first three months of payments as bonus cash.
See Ford models for sale near you

Genesis has zero-interest loans available for the G70 sedan and deferred payments for 120 days.
See Genesis cars for sale near you

GMC is offering 0% interest and 120-day deferred payments on new vehicle purchases for customers in top credit tiers.
See GMC trucks and SUVs in your area

Honda is offering special interest rates on some certified pre-owned vehicles and a 90-day deferment on the first payment for new cars.
See Honda vehicles in your area

Hyundai buyers can get four months of deferred payments on new purchases, and 0% interest loans are available.
See Hyundai cars and SUVs available near you

Jaguar has 0% financing available, along with deferred payments for up to three months. The company will also pay the first two months of a new lease for returning lessees, up to $750 a month.
See Jaguar vehicles for sale near you

Jeep is currently offering 0% loans on select models and in certain regions. It is also offering no payments for 90 days.
See Jeeps for sale in your area

Kia is offering a 120-day deferral on your first payment and available 0% financing for loans from 24 to 60 months. The automaker says most dealerships have an online sales process available for purchase or lease of a new vehicle.
See Kia models for sale near you

Land Rover has no-interest loans available on select vehicles and deferred payments for the first 90 days. Land Rover will also pay the first two months of a new lease for returning lessees, up to $750 a month.
See Land Rover SUVs available in your area

Lexus is offering payment deferral on new vehicle purchases but has not specified a term. Your local dealer may have more information.
See Lexus models for sale in your area

Lincoln will defer payments for 120 days on new purchases for qualified buyers.
See Lincoln vehicles available near you

Mazda has 0% interest loans for 60 months on a number of models and its offering 90 days of deferred payments on new purchases.
See Mazda cars and SUVs for sale near you

Nissan is offering 90-day deferred payments along with special interest rates.
See Nissan models in your area

Ram is currently offering 0% loans on select models and in certain regions. It is also offering no payments for 90 days.
See Ram trucks available near you

Subaru has no-interest financing deals available and can defer payments for up to 90 days on new vehicle purchases, depending on the buyer's needs.
See Subaru cars and SUVs for sale near you

Toyota is offering payment deferrals to buyers who purchase a new or certified pre-owned vehicle. The company has not specified the terms for these deferrals, but your dealer may be able to tell you more.
See Toyota models in your area

Volkswagen has 0% APR financing for up to 72 months and buyers can defer their first payment for up to 180 days.
See Volkswagen vehicles for sale in your area

How Dealerships Are Adapting

Just like you, employees at auto dealerships want to act in the interest of public health. Many are increasing their scheduled cleanings to disinfect surfaces and encouraging employees to stay home if they feel sick. A few are even closing entirely, so be sure to check whether your local dealer is open. Critically, your dealer may allow you to conduct the entire car buying process virtually.

Sales associates can show you the vehicle via video or FaceTime. Credit applications can be emailed to you. You can also trade in a vehicle at some dealerships without an in-person visit — photos of the odometer, interior, exterior and vehicle identification number are all that's needed to get an offer. When all is said and done, some dealers will even drive the vehicle to your house for delivery.

Call or email dealerships near you to see if you can buy a car without going in person. Don't be afraid to ask for a home delivery — it's far more common than you might think.

When you're preparing to buy online, check out our resources on how to complete your purchase of a car online, with step-by-step guidance and advice. 

Other Consumer Resources

Online car shopping during social distancing: A guide to buying a car from the safety of your home.

Incentives and deals: An easy tool for finding offers on specific vehicles near you.

How to buy a car: Here are all the steps in the buying process, from beginning to end, you can expect when buying a car.

How to negotiate car prices: A few simple tips to potentially save you thousands on a new car purchase.

How long should your car loan be? Even with tempting incentives and deferred payments, is a 72- or 84-month car loan a bad idea?

How to have your new car delivered to your home: It's a low-stress, no-wait way to get your new car and minimize your exposure.

How to reduce the risk of coronavirus in your vehicle: These steps can help reduce the spread of the coronavirus in your personal car, a ride-hailing vehicle or public transportation.

Car payment relief during coronavirus: What you need to know if you or someone you know needs relief from car payments due to the crisis.