0% financing deals on cars in Canada

Skip the interest with limited-time 0% or low-rate financing offers from popular car brands.

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.

0% financing with Loans Canada

Access financing from 60+ lenders across Canada through one application. Borrow $5,000 - $50,000 with rates starting at 0% APR for new cars.

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%.

BrandLowest APR availableLoan termModelAvailability
Chevrolet0%72 months2025 Equinox EVOntario
Chevrolet0%72 months2025 Blazer EVOntario
Chevrolet0%60 months2024 MalibuBC, Alberta, Manitoba, Saskatchewan
Ford0%Up to 72 months2025 F-150Across Canada
Ford0%Up to 72 months2025 EscapeAcross Canada
Ford0%Up to 60 months2025 Bronco SportAcross Canada
Volkswagen0.99%36 months2025 TaosAcross Canada
Cadillac0.99%Up to 84 months2025 Lyriq
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac0.99%Up to 72 months2025 Optiq
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Audi1.98%Up to 60 months2025 Audi Q5Across Canada
Chevrolet1.99%60 months2025 Corvette
Ontario, BC, Alberta, Manitoba, Saskatchewan
Ford1.99%Up to 72 months2025 Mustang Mach-EAcross Canada
Subaru1.99%24 months2025 ForesterAcross Canada
Hyundai2.29%84 months2025 Ioniq 6Across Canada
Audi2.48%Up to 60 months2025 Audi A4Across Canada
Audi2.49%Up to 24 months2025 CrosstrekAcross Canada
Audi2.49%Up to 24 months2025 BRZAcross Canada
Audi2.98%Up to 60 months2025 Audi A3 SedanAcross Canada
Audi2.98%Up to 60 months2025 Audi Q7Across Canada
Hyundai2.99%Up to 84 months2025 Kona ElectricAcross Canada
Subaru2.99%24 months2025 ImprezaAcross Canada
Subaru2.99%24 months2025 WRX SportAcross Canada
Buick2.99%Up to 60 months2025 Envision
BC, Alberta, Manitoba, Saskatchewan, PEI, Nova Scotia, Newfoundland, New Brunswick
Cadillac2.99%Up to 60 months2025 XT4
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac2.99%Up to 60 months2025 XT5
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac2.99%Up to 60 months2025 XT6
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac2.99%Up to 60 months2025 CT4
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Cadillac2.99%Up to 60 months2025 CT5
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Ford2.99%Up to 72 months2025 BroncoAcross Canada
Ford2.99%Not disclosed2024 MirageAcross Canada
Audi3.48%Up to 60 months2025 Audi Q3Across Canada
Mitsubishi3.49%Up to 84 months2025 Outlander PHEVAcross Canada
Subaru3.49%24 months2025 AscentAcross Canada
Audi3.98%Up to 60 months2025 Audi Q8Across Canada
Audi3.98%Up to 60 months2025 Audi A6Across Canada
Audi3.98%Up to 60 months2025 Audi A7Across Canada
Chevrolet3.99%84 months2025 TraxOntario
Chevrolet3.99%84 months2025 TrailblazerOntario
Volkswagen3.99%60 months2025 ID.4Across Canada
Volkswagen3.99%48 months2025 Jetta GLIAcross Canada
Cadillac3.99%Up to 84 months2025 Escalade IQ
Ontario, BC, Alberta, Manitoba, PEI, Nova Scotia, Newfoundland, New Brunswick, Saskatchewan
Ford3.99%Up to 60 months2025 ExplorerAcross Canada
Mitsubishi3.99%Up to 84 months2025 Eclipse CrossAcross Canada
Mitsubishi3.99%Up to 84 months2025 RVRAcross Canada
Subaru3.99%24 months2025 OutbackAcross 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.

1 - 4 of 6
Product Finder Score APR Range Loan Amount Loan Term Requirements Broker Compliance
Finder score
3.90% - 29.90%
$500 - $75,000
12 - 96 months
Requirements: Min. income of $2,000 /month, 3+ months employed
CarsFast will connect you with a dealership near you to help you find the right financing.
Finder score
3.90% - 29.90%
$500 - $75,000
12 - 96 months
Requirements: Min. income of $2,000 /month, 3+ months employed, Ontario only
Get customized car loan and auto financing solutions for a used vehicle that fits your budget and lifestyle.
Finder score
0% - 35.00%
$5,000 - $75,000
12 - 96 months
Requirements: Min. income of $1,800 /month, 3+ months employed
My Auto Approval is a loan search platform. Get matched with a suitable dealer based on your credit history and borrowing requirements.
Loans Canada  logo
Finder score
0% - 35%
$5,000 - $50,000
12-96 months
Requirements: Min. income of $1,800 /month, 3+ months employed
Loans Canada is a loan search platform. Get matched with a suitable dealer based on your credit history and borrowing requirements.
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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

Need a car loan in Canada?

Compare some of the best lenders to find competitive car loan interest rates and terms on the market.

Did you know?

We’ve observed the following developments in recent weeks:

  • There seems to be a growing trend among dealerships to promote cash rebates and lease offers rather than 0% financing.
  • Some manufacturers, including Chrysler, Dodge and RAM, are now advertising pre-tariff pricing.
  • Ford has reintroduced 0% financing on select models, including the popular Ford F-150.

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.

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

As an example, here are current offers for the 2025 Chevrolet Equinox EV.

  • Toronto, Ontario: 0% for up to 72 months
  • Owen Sound, Ontario: 0% for up to 72 months
  • Vancouver, British Columbia: No financing offer
  • Calgary, Alberta: No financing offer
  • Winnipeg, Manitoba: No financing offer
  • Halifax, Nova Scotia: No financing offer
  • Charlottetown, Prince Edward Island: No financing offer
  • Montreal, Quebec: No financing offer

Offers last verified on June 4, 2025

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.

Details last verified on June 3, 2025.

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.

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.

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

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To make sure you get accurate and helpful information, this guide has been edited by Romana King as part of our fact-checking process.
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Leanne Escobal is a publisher for Finder. She has spent over 12 years working with financial products and services, specializing in content and marketing. Leanne has completed the Canadian securities course (CSC®) as well as the personal lending and mortgages course by the Canadian Securities Institute. She has a Bachelor of Arts (Honours) in English literature and creative writing from Western University. See full bio

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Leanne has written 183 Finder guides across topics including:
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Claire Horwood was a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee. See full bio

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Claire has written 395 Finder guides across topics including:
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