0% financing deals on cars in Canada

When shopping for a new car, you’ll come across advertisements with extremely low interest rates—even 0% financing deals. Finding a low or 0% interest car deal can be a great way to save, but first, how do these offers work?

Before signing on the dotted line and driving off the lot, it pays to become familiar with the ins and outs of 0% financing, including benefits, downsides and who’s offering it currently.

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Who is offering zero percent financing on cars in Canada?

In Canada, brands like Chevrolet and Ford often offer 0% financing deals through their dealerships. These promotions typically run until the end of the month, though they’re sometimes extended into the next.

If you’re trying to find the lowest rate—whether that’s 0% or close—checking a loan search platform like Loans Canada and CarsFast can also be a helpful starting point. Loan search platforms partner with hundreds of dealerships to help you find the best offer for your next vehicle purchase.

Current 0% financing deals on cars in Canada

Check out the table below to see who is offering the lowest rates, starting at 0%.

Brand	Lowest APR available	Loan term	Model	Availability
Chevrolet	0%	72 months	2025 Equinox EV	Ontario
Chevrolet	0%	72 months	2025 Blazer EV	Ontario
Chevrolet	0%	60 months	2024 Malibu	BC, Alberta, Manitoba, Saskatchewan
Ford	0%	Up to 72 months	2025 F-150	Across Canada
Ford	0%	Up to 72 months	2025 Escape	Across Canada
Ford	0%	Up to 60 months	2025 Bronco Sport	Across Canada
Volkswagen	0.99%	36 months	2025 Taos	Across Canada
Cadillac	0.99%	Up to 84 months	2025 Lyriq	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac	0.99%	Up to 72 months	2025 Optiq	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Audi	1.98%	Up to 60 months	2025 Audi Q5	Across Canada
Chevrolet	1.99%	60 months	2025 Corvette	Ontario, BC, Alberta, Manitoba, Saskatchewan
Ford	1.99%	Up to 72 months	2025 Mustang Mach-E	Across Canada
Subaru	1.99%	24 months	2025 Forester	Across Canada
Hyundai	2.29%	84 months	2025 Ioniq 6	Across Canada
Audi	2.48%	Up to 60 months	2025 Audi A4	Across Canada
Audi	2.49%	Up to 24 months	2025 Crosstrek	Across Canada
Audi	2.49%	Up to 24 months	2025 BRZ	Across Canada
Audi	2.98%	Up to 60 months	2025 Audi A3 Sedan	Across Canada
Audi	2.98%	Up to 60 months	2025 Audi Q7	Across Canada
Hyundai	2.99%	Up to 84 months	2025 Kona Electric	Across Canada
Subaru	2.99%	24 months	2025 Impreza	Across Canada
Subaru	2.99%	24 months	2025 WRX Sport	Across Canada
Buick	2.99%	Up to 60 months	2025 Envision	BC, Alberta, Manitoba, Saskatchewan, PEI, Nova Scotia, Newfoundland, New Brunswick
Cadillac	2.99%	Up to 60 months	2025 XT4	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac	2.99%	Up to 60 months	2025 XT5	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac	2.99%	Up to 60 months	2025 XT6	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac	2.99%	Up to 60 months	2025 CT4	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac	2.99%	Up to 60 months	2025 CT5	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Ford	2.99%	Up to 72 months	2025 Bronco	Across Canada
Ford	2.99%	Not disclosed	2024 Mirage	Across Canada
Audi	3.48%	Up to 60 months	2025 Audi Q3	Across Canada
Mitsubishi	3.49%	Up to 84 months	2025 Outlander PHEV	Across Canada
Subaru	3.49%	24 months	2025 Ascent	Across Canada
Audi	3.98%	Up to 60 months	2025 Audi Q8	Across Canada
Audi	3.98%	Up to 60 months	2025 Audi A6	Across Canada
Audi	3.98%	Up to 60 months	2025 Audi A7	Across Canada
Chevrolet	3.99%	84 months	2025 Trax	Ontario
Chevrolet	3.99%	84 months	2025 Trailblazer	Ontario
Volkswagen	3.99%	60 months	2025 ID.4	Across Canada
Volkswagen	3.99%	48 months	2025 Jetta GLI	Across Canada
Cadillac	3.99%	Up to 84 months	2025 Escalade IQ	Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Ford	3.99%	Up to 60 months	2025 Explorer	Across Canada
Mitsubishi	3.99%	Up to 84 months	2025 Eclipse Cross	Across Canada
Mitsubishi	3.99%	Up to 84 months	2025 RVR	Across Canada
Subaru	3.99%	24 months	2025 Outback	Across Canada

Offers last verified on June 3, 2025 and expire on June 30, 2025 (where an expiration date is disclosed). Offers are on approved credit, vary by region and may have other conditions.

Compare car loans in Canada

If you don’t qualify for 0% financing in Canada or would like to consider alternatives, you can explore your options here.

Finder Score for car loans

To make comparing even easier, we came up with the Finder Score. Interest rates, fees and features across 20+ car loans are all weighted and scaled to produce a score out of 10. The higher the score the better the loan—simple.

Read the full methodology

What are the best car financing deals in Canada?

The best car financing deals are currently with Chevrolet and Ford. They’re offering 0% car deals on multiple models, such as the Equinox EV, Blazer EV, F-150, Escape and Bronco Sport.

0% financing in one province, such as Ontario, may not be available in other provinces

The types of financing offers advertised by dealerships depend on where you live. So the low or 0% financing car deals at Ontario dealerships could be different from the deals offered at dealerships in Alberta or BC. It can even vary by city. Plus, the deals you qualify for will depend on factors like your credit score, income and whether you have a down payment.

When you’re ready to shop for your next car, check with a car loan search platform or local dealership to find out what financing offers are available to you.

Related: 0% financing deals in Ontario

Are these car brands offering 0% interest car deals?

As of June 3, 2025, here’s the 0% financing status for the following car brands.

• Honda

  Honda currently does not have 0% financing offers.

• Toyota

  Toyota currently does not have 0% financing offers.

• Nissan

  Nissan currently does not have 0% financing offers.

• Tesla

  Tesla currently does not have 0% financing offers and typically does not offer them in Canada.

• Mitsubishi

  Mitsubishi currently does not have 0% financing.

• Kia

  Kia currently does not have 0% financing offers.

• Mazda

  Mazda currently does not have 0% financing offers.

• Subaru

  Subaru currently does not have 0% financing offers, but it does have a 1.99% APR offer for 24 months for the 2025 Forester.

Details last verified on June 3, 2025.

Dive deeper: Car loan rates in Canada

Where can you get 0% financing on trucks?

The truck brand that’s currently offering 0% financing is Ford. The 2025 F-150 has a 0% deal for up to 72 months, plus a $3,000 rebate. Also, for select periods in June (June 3-9 and June 21-30), the 2025 F-150 Lightning has a 0% promo offer for up to 60 months.

What SUVs have 0% financing right now?

SUVs that currently have 0% financing, or close to 0%, include:

• Volkswagen Taos
• Misubishi RVR
• Subaru Forester
• Ford Escape
• Chevrolet Blazer EV
• Ford Explorer
• Volkswagen ID.4
• Audi Q7

What does 0% financing mean on a car loan?

A 0% financing offer allows you to borrow money to buy a vehicle without having to pay interest and financing fees, which combined is known as the annual percentage rate (APR). Dealerships mostly offer this type of financing as a way to sell more cars. It is reserved for customers with excellent credit scores (usually above 700).

Banks or other lending institutions do not typically offer 0% financing on cars in Canada because these institutions have nothing to gain by offering this type of financing. On the other hand, a dealership will be more willing to offer 0% car financing deals since it gets you driving off the lot in one of their vehicles and this helps move inventory.

0% financing sounds too good to be true. What’s the catch?

At first glance, 0% financing on a car is exactly as it appears: You purchase a new car at the agreed-on price and then make monthly payments on the debt, with no interest for a set number of months. However, keep these points in mind:

• 0% interest may only be offered for part of the loan term
• To be approved, you’ll need a spectacular credit score (above 700)
• Negotiating the car price can be difficult
• 0% car financing deals are only available for certain makes and models
• You may not get as much money for your trade-in vehicle
• The loan structure will likely be set in stone

Pros and cons of car deals with 0% finance

Pros

• 0% interest. Paying no interest on your car loan can save you hundreds or thousands of dollars in the long run (depending on your loan amount).
• One-stop shop for financing. Dealerships offer 0% financing in Canada on car loans so you can drive off the lot in your new vehicle with a single transaction.
• Faster repayment. You’ll usually be able to pay 0% financing car loans off faster than you would with a traditional car loan (because terms are often shorter and there’s no interest).
• Lets you upgrade your car choice. You may be able to afford a more expensive vehicle or luxury upgrades such as a sunroof or alloy wheels with a 0% car loan.

Cons

• Only available from dealerships. 0% car loans are typically only offered by dealerships, which means you can’t get them from the bank or another lender.
• More limitations. You may only be able to get financing for certain kinds of vehicles with 0% car loans, such as those that the dealership is trying to move off the lot.
• More difficult to qualify. You can only qualify for a 0% car finance offer if you have good to excellent credit and a high income.
• Higher monthly payments. 0% financing often comes with shorter terms to reduce the risk that you’ll default (which means higher monthly payments).
• Risk that you’ll pay more. You could end up paying a higher price for your vehicle to make up for the lower interest rate (so your dealer still cuts a higher profit).
• May be a limited offer. You may only get 0% financing for a portion of your loan amount or as an introductory offer for a limited amount of time.

How to get 0% financing on new cars in Canada

1. Check your credit score. Your first step in qualifying for a 0% car loan is to make sure your credit score is in excellent shape. You can do this by requesting a copy of your score from a major credit bureau such as Equifax or TransUnion.
2. Shop around. Decide which vehicle you want to buy in advance and then shop around with a number of dealerships to compare prices. This makes sure you find a dealership that’s offering a reasonable price for the vehicle you’re interested in.
3. Gather your documentation. When it’s time to visit the dealership, you’ll want to bring along information about your credit score and monthly income. If your credit score is low, you likely won’t qualify for 0% financing and may need to explore other options. You might also want to get car loan pre-approval first so you have bargaining power.
4. Negotiate the deal. Work with your dealer to get the best deal possible on your loan. And keep in mind that there are always other options if your dealer won’t budge on certain conditions.

Red flags to watch out for with 0% car finance deals

There are a few red flags you need to watch for when shopping around for 0% financing in Canada:

• False promises. You should steer clear of lenders that offer 0% financing without checking your credit score or financial details.
• Higher vehicle prices. Avoid lenders that offer 0% car financing deals but have much higher vehicle prices than other dealerships in your local area.
• Introductory offers. Keep an eye out for deals that offer 0% financing for only a short introductory period but then start charging interest mid-way through your term.
• Bad customer reviews. Double-check online reviews for the lender you want to go with before you sign a loan contract to make sure there are no major issues.

Related: 20+ car brands in Canada

How to get a good deal without a 0% interest car loan

There are a number of things you can do to get a better offer on your next vehicle, even if you don’t qualify for 0% financing deals, including:

• Get pre-approved. Get pre-approved for a car loan to find out how much you can spend. Instead of asking for details like your income and debt to confirm the exact amount you can borrow (like with mortgage pre-approval), pre-approval from car loan lenders in Canada is usually offered to get you into customer databases. You won’t be able to use the amount or terms as a bargaining chip elsewhere until you formally apply for a car loan and get a hard credit check.
• Compare prices. Compare different lenders to find out what rates and loan amount you can qualify for. Once you know how much you have to spend, shop around to find any low or 0% interest car deals on offer for the vehicle you want.
• Shop for a used vehicle. Check out online offers for used vehicles or ask to see the inventory of used cars with your dealer. Just be aware that it can be more difficult to get financing if the vehicle is older or has high mileage. Learn more about buying a used car.
• Look for sales or special offers. Wait for sales such as employee-pricing events or cash-rebate offers to save the most money on your car. This will let you drive off the lot with the best deal possible.
• Improve your credit score. Work on improving your credit to make sure you can qualify for the lowest interest rates available. Start by finding out what credit score you need to get approved for a car loan.

Can I get 0% financing if I have bad credit?

Car dealers with 0% financing won’t offer this financing deal to borrowers with bad credit, as the dealer will consider the loan to be too risky.

The best way to get around this is to improve your credit score so that lenders see you as a reliable customer. If you need to purchase a vehicle using a car loan before you can improve your credit score then be prepared to pay higher interest rates.

Must read: Bad credit car loans in Canada

Plans to get a new vehicle

In the Finder: Consumer Sentiment Survey Q2 2023, 15% of respondents planned to take out a car loan in the next three months.

More than a third of Canadians (35%) who planned to buy a vehicle in the next three months expected to make the purchase at a new car dealership.

Bottom line

Getting 0% car financing deals can save you money on interest rates and let you pay your car loan off faster. The main downside of these loans is that they come with strict eligibility requirements and are usually only offered by car dealerships. But even if you can’t qualify for 0% financing in Canada, you can still lock in a low interest rate by comparing your options and getting prequalified with a variety of lenders.

Frequently asked questions

• What is the lowest interest rate on cars?

  The lowest interest rate available is currently 0%. This is based on over 20 brands we research every month.

• Does the Ford F-150 have 0% financing?

  The Ford F-150 has a 0% financing offer for June 2025.

• Which brands are offering 0% financing on cars in Calgary and Edmonton?

  Brands currently offering 0% financing on cars in Calgary include Ford and Chevrolet.

• Which car companies are offering 0% financing for 72 months?

  Car companies offering 0% financing for 72 months include Chevrolet and Ford.

• Which brands are offering 0% financing on cars in Ottawa?

  Brands currently offering 0% financing on cars in Ottawa include Chevrolet and Ford.

• What are some alternatives to 0% financing?

  Alternatives to 0% car loans include personal loans and home equity financing.

• Can you still get 0% finance on cars?

  Yes, 0% financing offers started to re-appear in the second half of 2024 and have continued in 2025.

• Do I need a down payment for a 0% financing?

  That depends on your lender. A down payment can help you pay your loan back much faster, and it also shows your lender that you have savings. You can also make sure your car doesn't depreciate beyond what it's worth by making a large down payment.

• Can I get 0% financing for a used car?

  Not really. If you're offered a 0% car loan for a used car, you should read the fine print to see if there are any extra costs or fees to make up for the lack of interest being charged. It's also possible that your dealer is overcharging you for the vehicle to make up for the 0% interest rate.

• Can I get 0% financing on new cars in Canada?

  It's possible to get approved for 0% financing on new cars in Canada if you have a strong credit score and meet other eligibility criteria.