March Madness is upon us and vehicle manufacturers are offering up some really low finance rates to kick off the month right.
Not only is Chevy, Ford, and Dodge offering 0% interest on many of their vehicles, manufacturers such as Toyota, Nissan, and Volvo are following their lead.
With the economy improving and interest rates so low, 2015 is poised to be a record breaking year for auto sales. Some analyst project will buy close to 17 million vehicles this year.
If you’ve been kicking around the idea of buying a new car, you may want to move up your time table and buy it right now. Our friends at CarsDirect believe the “low APR clock” is ticking and by this time next year interest rates will be much higher than they are today.
Many consumers have been holding onto their vehicles longer than they normally would. These vehicles are starting to become worn out and unreliable. Many of these consumers are ready to trade their vehicles in for a vehicle that’s more fuel efficient and safer and the manufacturers know they’re out there.
Taking advantage of a low APR is essentially the same as using a customer rebate to discount the vehicle’s price. Instead of taking all the money upfront, you’ll still save thousands of dollars in interest charges, it’s just spread out evenly over the life of the loan.
|Acura||0.90%||ILX, TLX, RDX, MDX|
|BMW||3.11%||328, 435, 528, X1, X3|
|Dodge||0%||Charger, Dart, Durango|
|Ford||0%||Fiesta, Focus, Fusion|
|Honda||0.90%||Civic, Accord, Pilot|
|Infiniti||0.90%||Q50, Q70, QX60|
|Jeep||0%||Cherokee, Compass, Patriot|
|Kia||0%||Forte, Optima, Rio, Sorento|
|Lexus||0.90%||ES 350, IS 250, RX 350, GS 350|
|Mazda||0%||CX-5, Mazda 6|
|Mercedes-Benz||1.99%||C300, CLA250, GLA250, ML350|
|Mini||0.90%||Countryman, Hardtop, Paceman|
|Nissan||0%||Altima, Versa Note, Rogue, Juke|
|Subaru||0.90%||BRZ, Forester, XV, Crosstrek|
|Toyota||0%||Avalon, Camry, Corolla, Prius, RAV4|
Requesting free no-obligation price quotes from these companies will let you know what others are paying for the vehicle you’re considering and also what dealers in your local area are more willing to discount the vehicle for you.