Who is offering 0% interest car deals in January 2026?

When shopping for a new car, you’ll come across promotions for extremely low interest rates—even 0% financing deals. Finding a low or 0% interest car deal can be a great way to get the car you want while keeping your monthly payments manageable.

This guide covers the ins and outs of 0% financing, including benefits, downsides and the latest offers.

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Who is offering zero percent financing on cars in Canada?

Brands like Ford, Ram and Cadillac are offering 0% deals for several of their models. 0% financing promotions typically run until the end of the month, though they’re sometimes extended into the next.

If you’re looking for the lowest rate—whether 0% or close to it—consider loan search platforms like Loans Canada or CarsFast. These platforms work with hundreds of dealerships, letting you compare financing offers in one place to find the right option for your next vehicle.

Current 0% financing deals on cars in Canada (updated for January 2026)

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

Brand	Lowest APR	Term	Model	Provinces
Ram	0%	Up to 72 months	2026 Ram 2500 Power Wagon Crew Cab 4×4	ON, BC, AB, MB, SK, PE, NS, NB, NL, QC
Ram	0%	Up to 72 months	2025 Ram 1500 Off-Roader Value Package Crew Cab 4×4	BC, AB, MB, SK
Chrysler	0%	Up to 72 months	2025 Pacific Select AWD	ON, BC, AB, MB, SK, PE, NS, NB, NL, QC
Ford	0%	Up to 72 months	2025 F-150 (PowerBoost®)	AB, BC, MB, SK, ON, PE, NS, NL, NB
Ford	0%	Up to 60 months	2025 Bronco Sport Badlands	AB, BC, MB, SK, ON, PE, NS, NL, NB
Ford	0%	Up to 60 months	2025 Escape	AB, BC, MB, SK, ON, PE, NS, NL, NB
Cadillac	0%	60 months	2025 XT4	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0%	60 months	2025 XT5	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0%	60 months	2025 XT6	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0%	60 months	2025 LYRIQ	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0%	84 months	2026 CT4	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0%	84 months	2026 CT5	ON, BC, AB, MB, SK, PE, NS, NL, NB
VW	0%	60 months	2025 ID.4	National
VW	0%	60 months	2025 ID. Buzz	National
Mitsubishi	0%	36 months	2025 OUTLANDER PHEV	ON, AB, BC, MB, SK, NB, NS, PE, NL, QC
Mitsubishi	0%	36 months	2025 OUTLANDER	ON, AB, BC, MB, SK, NB, NS, PE, NL, QC
Infiniti	0%	60 months	2025 QX60 Black Edition	ON, BC, AB, MB, SK
Kia	0%	Up to 84 months	2026 Niro EV Wind	National
Chevrolet	0% (1.4% effective APR)	36 months	2025 Blazer	PE, NS, NL, NB
Chevrolet	0% (2.9% effective APR)	60 months	2026 Silverado 1500	ON, BC, AB, SK, MB, YT, NT, PE, NS, NL, NB
Chevrolet	0% (2.9% effective APR)	60 months	2026 Silverado 1500	ON, BC, AB, SK, MB, YT, NT, PE, NS, NL, NB
Kia	0.49%	Up to 60 months	2025 Niro PHEV LX	National
Subaru	0.50%	24 months	2026 Solterra	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Subaru	0.50%	24 months	2025 Impreza	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Audi	0.98%	Up to 60 months	2025 Audi Q6 e-tron e-tron quattro	National
Audi	0.98%	Up to 60 months	2025 Audi SQ6 e-tron e-tron quattro Progressiv	National
Cadillac	0.99%	72 months	2026 VISTIQ	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0.99%	72 months	2026 OPTIQ	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0.99%	72 months	2026 LYRIQ	ON, BC, AB, MB, SK, PE, NS, NL, NB
Cadillac	0.99%	72 months	2026 LYRIQ-V	ON, BC, AB, MB, SK, PE, NS, NL, NB
Subaru	0.99%	24 months	2025 Forester	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Honda	0.99%	84 months	2025 Prologue EX	ON, BC, AB, MB, SK, PE, NS, NL, NB QC
Subaru	1.49%	24 months	2025 Crosstrek	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Subaru	1.99%	24 months	2026 Crosstrek	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Subaru	1.99%	24 months	2025 Sport	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Acura	1.99%	60 months	2025 ADX	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Infiniti	1.99%	60 months	2026 QX80 Sport	PE, NS, NL, NB, QC
Hyundai	1.99%	84 months	2025 IONIQ 6	AB, BC, MB, NB, NL, ON, PE, QC, SK, NS
Audi	2.48%	Up to 48 months	2025 Audi Q3 40 TFSI quattro Komfort	National
Audi	2.48%	Up to 60 months	2025 Audi Q3 40 TFSI quattro Komfort	National
Ford	2.49%	Up to 72 months	2025 Bronco Badlands	AB, BC, MB, SK, ON, PE, NS, NL, NB
Subaru	2.49%	24 months	2026 Impreza	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Audi	2.98%	Up to 60 months	2025 Audi A6 e-tron quattro Ultra	National
Audi	2.98%	Up to 60 months	2025 Audi S6 e-tron quattro	National
Cadillac	2.99%	84 months	2026 XT5	ON, BC, AB, MB, SK, PE, NS, NL, NB
Chevrolet	2.99%	60 months	2026 Corvette	PE, NS, NL, NB
Subaru	2.99%	24 months	2026 Forester	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC
Subaru	2.99%	24 months	2026 BRZ	ON, BC, AB, MB, SK, NS, NL, PE, NB, QC

Offers last verified on January 5, 2026 and expire February 2, 2026. Certain offers, such as select Ford models, are only valid during certain dates (e.g., Jan 3 – 13 and Jan 28 – Feb 2). 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, explore your options here.

What are the best car financing deals in Canada?

Top car financing deals are currently with Ford and Cadillac. As of January 5, 2026, they’re offering 0% car deals for several of their models, such as the popular Ford 2025 F-150 (PowerBoost®).

Related: Explore car specials, such as rebates and discounts, for new and used cars

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.

Snapshot: How 0% or low-rate financing varies by region

For example, here are the current offers for the 2025 Ram 1500 Off-Roader Value Package Crew Cab 4×4.

• Toronto, Ontario: None
• Vancouver, British Columbia: 0% for up to 72 months
• Calgary, Alberta: 0% for up to 72 months
• Winnipeg, Manitoba: 0% for up to 72 months
• Halifax, Nova Scotia: None
• Charlottetown, Prince Edward Island: None
• Montreal, Quebec: None

Offers last verified on January 5, 2026

Related: 0% financing deals in Ontario

Are these car brands offering 0% interest car deals?

As of January 5, 2026, here’s the 0% financing status for the following car brands.

• Honda

  Honda currently does not have 0% financing offers. However, its 2025 Prologue EX is available for 0.99% for up to 84 months.

• Toyota

  Toyota currently does not have national 0% financing offers.

• Nissan

  Nissan doesn’t have 0% financing offers.

• Tesla

  Tesla currently does not have 0% financing offers.

• Mitsubishi

  Mitsubishi does have 0% financing for the 2025 Outlander and the 2025 Outlander PHEV.

• Kia

  Kia currently has a 0% financing offer for the 2026 Niro EV Wind.

• Mazda

  Mazda currently does not have 0% financing offers.

• Infiniti

  Infiniti currently doesn’t have 0% financing offers.

• Acura

  Acura currently does not have 0% financing offers.

Details last verified on January 5, 2026.

Dive deeper: Car loan rates in Canada

Where can you get 0% financing on trucks?

You can get 0% financing for the following trucks as of January 5, 2026:

• 2026 Ram 2500 Power Wagon Crew Cab 4×4 – 0% – Up to 72 months
• 2025 Ram 1500 Off-Roader Value Package Crew Cab 4×4 – 0% – Up to 72 months
• 2025 Ford F-150 (PowerBoost®) – 0% – Up to 72 months
• 2026 Chevrolet Silverado 1500 – 0% (2.9% effective APR) – 60 months
• 2026 Chevrolet Silverado 1500 – 0% (2.9% effective APR) – 60 months

Offers vary by province and are based on approved credit.

What SUVs have 0% financing right now?

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

• 2025 Chrysler Pacific Select AWD – 0% – Up to 72 months
• 2025 Ford Bronco Sport Badlands – 0% – Up to 60 months
• 2025 Ford Escape – 0% – Up to 60 months
• 2025 Mitsubishi OUTLANDER PHEV – 0% – 36 months
• 2025 Mitsubishi OUTLANDER – 0% – 36 months
• 2025 Infiniti QX60 Black Edition – 0% – 60 months
• 2025 Chevrolet Blazer – 0% (1.4% effective APR) – 36 months
• 2025 Cadillac XT4 – 0% – 60 months
• 2025 Cadillac XT5 – 0% – 60 months
• 2025 Cadillac XT6 – 0% – 60 months
• 2025 Cadillac LYRIQ – 0% – 60 months
• 2026 Cadillac LYRIQ – 0.99% – 72 months
• 2026 Cadillac LYRIQ-V – 0.99% – 72 months
• 2025 Subaru Forester – 0.99% – 24 months
• 2026 Subaru Forester – 2.99% – 24 months
• 2025 Subaru Crosstrek – 1.49% – 24 months
• 2026 Subaru Crosstrek – 1.99% – 24 months
• 2025 Honda Prologue EX – 0.99% – 84 months
• 2026 Subaru Solterra – 0.50% – 24 months

Offers vary by province and are based on approved credit.

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-upon 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 dealers that offer 0% financing for only a short introductory period, but then start charging interest midway 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 amounts 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

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.

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

  Brands currently offering 0% financing on cars in Calgary and Edmonton include Ram, Chrysler, Ford and Cadillac.

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

  Car companies offering 0% financing for 72 months include Ram, Chrysler and Ford.

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

  Brands currently offering 0% financing on cars in Ottawa include Ram, Chrysler, Ford, Cadillac, VW and Mitsubishi.

• What are some alternatives to 0% financing?

  Alternatives to 0% car loans include personal loans and home equity financing, such as HELOCs.

• Can you still get 0% finance on cars in 2026?

  While 0% financing offers were most common from October to December 2025, a limited selection remains available in January 2026.

• 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.