Zero Percent Financing Cars in Canada
Zero Percent Financing Cars in Canada
Zero percent financing means you pay only the vehicle's purchase price with no interest. On a $70,000 truck over 60 months, 0% saves approximately $12,500 compared to 7% APR.
Who Offers 0% Financing Right Now?
Chevrolet
58,508 vehicles in inventory with 0% on select models.
GMC
39,147 vehicles available.
Ford
83,765 vehicles in inventory.
RAM
Jeep
Buick
Brands That Don't Offer 0%
Toyota, Honda, Mazda, and Subaru rarely offer true 0% financing. They typically provide promotional rates of 1.99-3.99% instead. Their strong resale values mean they don't need aggressive financing to move inventory.
Luxury brands like BMW, Mercedes-Benz, and Audi prefer lease incentives over 0% financing.
Qualification Requirements
Credit score: 720+ required. Scores of 750+ almost always qualify.
| Score Range | Typical Rate |
|---|---|
| 750+ | 0% promotional |
| 700-749 | 2.99-4.99% |
| 650-699 | 5.99-7.99% |
| Below 650 | 10%+ or declined |
Other requirements:
- Stable employment (6+ months at current job)
- Debt-to-income ratio below 40%
- Canadian residency with valid ID
- Purchase at MSRP (no price negotiation)
- New vehicles only
0% Financing vs Cash Rebates
Manufacturers often offer a choice: 0% financing OR a cash rebate. You can't combine both.
Choose 0% when: Vehicle price exceeds $50K, you'd pay 5%+ elsewhere, or the rebate is under $4,000.
Choose rebate when: Paying cash, you have credit union financing under 4%, or the rebate exceeds $5,000.
Example on a $70,000 truck:
- 0% for 60 months = $70,000 total
- $5,000 rebate + 6.99% for 60 months = $65,000 + $11,500 interest = $76,500 total
0% saves $6,500 in this scenario.
What You Can Still Negotiate
Even with 0% requiring MSRP:
- Trade-in value (get independent appraisals first)
- Dealer-installed accessories
- Extended warranty pricing
- Documentation fees