Here are 5 no-interest car loans or low interest car loans that are almost too good to pass up for those considering an auto lease. Both Toyota and Volkswagen offer very popular, appealing cars that hold their resale value quite well. While Toyota generally has the strongest car lease values on the planet, Volkswagen usually offers fair, but not great car leasing. 0% APR Car loans and Low Interest Car Loans completely change the rules of the game. Toyota offers 0% No Interest for 60 months on over 1/3rd of the cars they manufacture and sell. Volkswagen takes low interest car loans a step further with the 72-Month, 0% Car Loan on its Touran and Golf Models. The 72-month No-interest deal includes all models of the Routan, and all but the TDI models of the sporty, Golf. No money down is required. This is almost too good to be true.
How many times can you borrow $15,000 to $30,000 from someone for 6 years and not have to pay them any interest? Deals like these simply don’t come along very often. Because there is no interest due, you will not only be able to purchase a brand new car with lease-like payments, but will own the car, free and clear, after 5 or 6 years. Judging the cost/value ratio of a purchased car is quite a bit more simple than it is for a car lease. The more expensive the car, the better value you’re getting for the money you’re borrowing interest-free. The Volkswagen Routan, depending on how you configure it, has an MRSP between $26,000 and $42,500. It seems delightfully insane that you can borrow $42,500 interest free, doesn’t it?
Low Interest Car Loans Worth Considering
On the other hand, many people are looking for the best car they can get for the cheapest, possible monthly payment. Toyota offers an excellent value, here. The Toyota Matrix S with All Wheel Drive, is an infinitely practical, $24,000 choice. Then there’s the good ol boring, but ridiculously practical family car, the Toyota Camry; 60 months no interest! Or, if you’re single and just want cheap, cheap, cheap, the Yaris is a practical little gas saver that can be purchased for $15,400. The five cars below represent something for everyone looking to save money on a new car.
Top-5 0% APR or Low Interest Car Loans
- 2010 Toyota Matrix S 2.4 AWD Auto
Sample: $24,030 MSRP/60 Months
0% Down: $400 Monthly Payment
10% Down: $361 Monthly Payment
- 2010 Toyota Yaris 5DR Auto
Sample: $15,420 MSRP/60 Month
0% Down: $$257.00 Monthly Payment
10% Down: $232.00 Monthly Payment
- 2011 Toyota Camry LE Sedan
Sample: Toyota LE 4CYL Auto: $21,400 MSRP/60 Months
0% Down: $357.00 Monthly Payment
10% Down: $321.00 Monthly Payment
- 2010 Volkswagen Routan S: $25,900 MSRP/72 Months
0% Down: 359.72 Monthly Payment
10% Down: $324.00 Monthly Payment
- 2010 Golf 2DR 6-SP: $19,400 MSRP/72 Months
0% Down: $269.00 Monthly Payment
10% Down: $242.5 Monthly Payment
Check back often as we revisit 0% APR and low interest car loans.