Share Button
Best Car Loans

Best Car Loans

Best Car Loans

What are the Best Car Loans for under $250?

As 0% APR Car Financing continues to be popular in the automotive industry, it definitely pays to keep up with the latest  and best car loans and Auto Loan Offers. This month’s top car lease offer is a Toyota Corolla with just $899 down and only $129.00 a month. Surprisingly, there are some 60 and 72 month, 0% APR loans on new cars which rival this very attractive lease offer from Toyota. Think about it; if you can get someone to loan you the money to buy a brand new car, interest free for up to 5 or 6 years, that is going to be financial offer that is hard to beat.

The best car loans being offered from Ford, GM, Toyota, Hyundai and Nissan on their economy models will get you in a new car for an attractive lease type price. Of course, the advantage to buying the car is that you own whatever equity is left in the car after your loan is paid off. I thought it would be interesting to rate the best car loans for under $250. A car payment for under $250 per month requires finding a car that sells for less than $16,500 MSRP, then putting 10% down to bring your finance amount down to $15,000 or under. Much to my surprise, there are not a great number of inexpensive cars that sell for $16,500 or under and many of them, do not have a 0% APR offer from the manufacturer at this time. Strong contenders in this segment of low-priced, 0% APR cars include the Nissan Versa, Nissan Sentra, Toyota Yaris, Toyota Corolla and Ford Focus. Ford has a 72-Month, 0% APR offer on the popular Ford Ranger Pick-up Truck.  Unfortunately, at $258 per month, the Dodge Caliber just missed the Top-12 List.

Best Car Loans with 0% APR

Below are the top-12 0% APR Car Loans for 10% down and payments below $250 per month:

  Car Term Interest Rate MSRP 10% Down Finance Monthly PMT
1 Nissan Versa 1.6 Sedan 2010 60 0% $9,999.00 $999.90 $8,999.10 $149.99
2 Nissan Versa 1.8 Sedan 2010 60 0% $13,350.00 $1,335.00 $12,015.00 $200.25
3 Toyota Yaris 3-Door Liftback 60 0% $13,355.00 $1,335.50 $12,019.50 $200.33
4 Ford Ranger XL 2010 72 0% $17,800.00 $1,780.00 $16,020.00 $222.50
5 Chevrolet Cobalt Base Sedan 60 0% $14,990.00 $1,499.00 $13,491.00 $224.85
6 Toyota Yaris Sedan 2010 60 0% $15,025.00 $1,502.50 $13,522.50 $225.38
7 Nissan Sentra 2.0 Sedan 2010 60 0% $15,420.00 $1,542.00 $13,878.00 $231.30
8 Chevrolet Cobalt LS Coupe 60 0% $15,670.00 $1,567.00 $14,103.00 $235.05
9 Toyota Yaris 5-Door Auto 2010 60 0% $15,902.00 $1,590.20 $14,311.80 $238.53
10 Mazda 3 iSV 4 Door 2010 60 0% $16,095.00 $1,609.50 $14,485.50 $241.43
11 Toyota Corolla LE Auto 2010 60 0% $16,280.00 $1,628.00 $14,652.00 $244.20
12 Ford Focus Sedan S 2010 60 0% $16,290.00 $1,629.00 $14,661.00 $244.35

Tagged with:

Filed under: Best Car Loans

Like this post? Subscribe to my RSS feed and get loads more!