Summer is fast approaching, the coronaviruses are contained. Car manufacturers have entered into aggressive purchase agreements to keep people out of showrooms, which includes a very recent Honda lease agreement for the delicious Civic Si. Manufacturing plants in the United States have restarted, dealerships are open in many places, and as such, we are seeing the best of these funding rates fueled by coronaviruses fade away. However, some are still going strong.
A new report from Cars Direct lets us know where to find the best finance rates and they all come from automakers based outside the United States. The list begins with Kia, a brand that has long held a position of inexpensive models in the automotive ranks. The company offers zero percent funding for six years (72 months) on five models – the Soul, Sportage, Sorento, Optima and the hot Stinger – and seven-year (84 months) funding at 1.9 percent is also available on certain Vehicles.
Mazda’s deal isn’t as solid, but the Japanese automaker still has zero percent funding for each model in its lineup for five years (60 months). In parts of the United States, Mazda will also offer up to $ 500 in rebate in addition to the financing agreement. Lexus has offered a similar agreement at zero percent for five years, but its cashback offers cannot be combined with the interest-free loan. The last player in the field is Volkswagen with interest-free financing for six years on almost all models and first deferred payments of 120 days.
How long will these offers last? It is not clear at the moment, but the current offers should extend at least until the end of June. Automakers in the U.S. market love to offer special promotions for the July 4 holiday, so it’s also possible that these zero percent deals may reach the first week of July.