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Many manufacturers are offering zero percent APR car deals this month on 2020 and 2021 models for well qualified buyers.

In addition to financing deals, most specials come with a bonus cash credit of up to $5,000. By paying no interest, drivers can save money on many of today's popular models from manufacturers like Ford, Toyota, and Chevrolet.

The 0% APR deal term lengths range from 24-72 months, but a majority are for 60 months.

Best 0% APR Financing Deals Right Now

Here's our picks for the best APR deals for the month of November. Some include bonus cash offers as well.

#1 Deal: 2020 Nissan Murano

Finance Deal: 0.0% APR for 72 months plus $3,500 in bonus cash

Check Nissan Murano Prices

#2 Deal: 2020 Cadillac XT6

Finance Deal: 0.0% APR for 72 months plus $5,000 in bonus cash

Check Cadillac XT6 Prices

#3 Deal: 2020 Nissan Titan XD

Finance Deal: 0.0% APR for 84 months plus $2,000 in bonus cash 

Check Titan XD Prices

#4 Deal: 2020 Lexus IS

Finance Deal: 0.0% APR for 60 months plus $1,000 in bonus cash

Check Lexus IS Prices

#5 Deal: 2019 Hyundai Sonata Plug-in Hybrid

Finance Deal: 0.0% APR for 72 months plus $1,000 in bonus cash

Check Sonata Plug-in Hybrid Prices

#6 Deal: 2021 Mitsubishi Outlander Sport

Finance Deal: 0.0% APR for 48 months plus $250 in bonus cash

Check Outlander Sport Prices

#7 Deal: 2020 BMW i3

Finance Deal: 0.0% APR for 60 months plus $7,500 in bonus cash

Check BMW i3 Prices

#8 Deal: 2020 Toyota RAV4

Finance Deal: 0.0% APR for 60 months

Check Toyota RAV4 Prices

#9 Deal: 2020 GMC Acadia

Finance Deal: 0.0% APR for 84 months

Check GMC Acadia Prices

#10 Deal: 2021 Mercedes-Benz GLA

Finance Deal: 0.0% APR for 24-36 months

Check Mercedes GLA Prices

See the full list of all 0% APR vehicle purchase deals across all car brands below.

What Does 0% APR Mean When Buying a Car?

When you get a car loan from a dealership or lender, they make their money by charging you interest and loan fees.  These fees are factored into your monthly payment and spread out across the life of the loan.

The annual percentage rate (APR) is the percent of all your payments over a year that go towards interest and fees.  The higher the APR, the higher your monthly payment.

If a dealership offers a promotional 0% APR loan, they are waiving their loan fees and interest as an incentive to get you to buy a car. 100% of every payment you make will be applied to your loan principal.

Is 0% a good deal? (What’s the catch?)

0% APR car loans are offered as an promotion to get you in the door.  Sometimes these offers are a bait and switch and only apply to specific models and option packages that may be in limited stock.

Or, sometimes zero or low APR offers are actually good deals.  But dealerships will usually try to make money on the sale in other ways, like a higher car price, or add-ons like gap insurance or extended warranties. And sometimes the catch is that the low APR may only apply up to a certain amount requiring you to make a bigger down payment else pay a higher APR for anything above the limit.

And be sure to read the fine print as almost all zero APR offers require you to be a well qualified buyer with excellent credit.

What credit score do you need to get 0% financing?

Lenders rarely advertise the minimum credit score to be eligible for 0% financing.  However, you'll typically need at least a 700 credit score and a score above 720 will give you a better chance of being approved.
Interest Free Car Deals (Who has 0% financing right now?)

All 0% Finance Deals for November 2020

Below is a list of all the current 0% APR deals offered by each manufacturer right now.

These offers may vary based on location, credit score, and financing terms and are not guaranteed.  So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.

Frequently Asked Questions

What car dealers are offering zero percent financing?

Buick, Chevy, Hyundai, Nissan, and more.

Is there a catch to 0% APR car deals?

Sometimes APR deals are tied to buying a car at a non-negotiable price or have a short loan term like 24 or 36 months.  But if you look closely, sometimes you can find good deals without a catch.

Is a 72 month car loan bad?

72 and 84 month loans are worse than shorter loans.  The longer the loan term, the more you’ll end up paying in interest over the life of the loan.  However, if you have 0% APR, a longer loan can be good because you’re not paying any interest at all.

What does 0 APR for 60 months mean?

Zero APR means you pay 0% interest on your car loan.  60 months is the duration of the loan (and the total number of monthly payments).

Is it better to finance a car through a bank or the dealership?

You can get a loan through dealer financing or through your bank or credit union.  Go with whoever offers you the best lending terms unless getting a loan is tied to a discount on the price of a car.

Does 0% APR hurt your credit?

No, it’s just the interest rate on an auto loan and doesn’t have anything to do with your credit.

One advantage of leasing a vehicle is that it generally requires a lower initial investment compared to buying. You can save even more by taking advantage of a zero down payment deal.

Also, by paying a low or no down payment, you lose nothing if the leased vehicle is stolen or totaled in the first few months.

Below we share our picks for the best lease offers with no upfront payment.

Read: How do zero down leases work?

Best Lease Deals With Zero Down Payment (or Low Payment)

Here's our picks for the best zero down lease deals this month. We also included a few lease offers with very low down payments as well. Most of these specials are available until the end of the month.

#1 Deal: 2020 Volkswagen Jetta

Lease Deal: $239/month for 39 months, $0 due at signing

Check VW Jetta Prices

#2 Deal: 2020 Volkswagen Passat

Lease Deal: $279/month for 39 months, $0 due at signing

Check VW Passat Prices

#3 Deal: 2021 Volkswagen Atlas

Lease Deal: $389/month for 39 months, $0 due at signing

Check VW Atlas Prices

#4 Deal: 2020 Nissan Leaf

Lease Deal: $199/month for 36 months, $199 due at signing

Check Nissan Leaf Prices

#5 Deal: 2020 Nissan Armada

Lease Deal: $690/month for 36 months, $690 due at signing

Check Nissan Armada Prices

Cheapest Car to Lease No Money Down

A few zero down deals happen to be on some of the most affordable cars on the market. This combination means a low upfront cost and low monthly payments. Check out our pick for the cheapest car to lease with no money down.

Top Pick: 2020 Volkswagen Passat
Lease Deal: $279/month for 39 months, $0 due at signing

Check VW Passat Prices

Frequently Asked Questions

Are there any car leases with no money down?

Yes, manufacturers are offering a variety of zero down lease deals right now. And sometimes you can negotiate zero down for other models if you have good credit.

Who is offering leases with zero down payment?

Many popular manufacturers like Honda, Hyundai, and Nissan periodically offer lease deals with no down payment required. Manufacturers consistently release deals each month that have zero or very low due at signing amounts.

How do I lease a car for zero down?

Lease terms are typically negotiable so you can sometimes ask a car dealer to transfer your down payment into higher monthly payments.  Learn more about how to negotiate a lease.

Should I put a down payment on a lease?

One of the main advantages of leasing is the low up-front costs, but keep in mind that a zero down lease will raise your monthly payment since you are not pre-paying some of the lease obligation.

What is 'due at signing' on a lease?

The due at signing amount typically consists of the first month’s payment, security deposit, acquisition fee, and any state taxes. It’s important to read the details before leasing, even with advertised $0 down there may be applicable taxes and fees. Learn how zero down leases work.

What credit score do I need to lease a car?

With some exceptions, the typical minimum credit score to lease a car is 620. However, unless your credit score is over 680, you will not qualify for the best lease deals.

One of the benefits of leasing compared to buying a new car is the low up-front cost. New lease specials are published each month, and you can save even more by focusing on some of the cheapest lease deals available right now.

We take into account the monthly payment and the amount due at signing in order to pick our favorite cheap lease deals. There are plenty of offers from popular car manufacturers that advertise low monthly payments, but the "due at signing" amount is usually higher.

When the down payment on the vehicle is higher, the monthly payment amount usually gets smaller. So our picks for the cheapest lease deals are all affordable options that balance the total cost of the new vehicle.

Cheapest Lease Deals Right Now

To get the most bang-for-your-buck, check out our top picks for the most cost-effective cars to lease right now.

#1 Deal: 2021 Toyota Corolla

Lease Deal: $169/month for 36 months, $2,999 due at signing

Check Toyota Corolla Prices

#2 Deal: 2021 Hyundai Accent

Lease Deal: $179/month for 36 months, $1,999 due at signing

Check Hyundai Accent Prices

#3 Deal: 2020 Nissan Leaf

Lease Deal: $199/month for 36 months, $199 due at signing

Check Nissan Leaf Prices

#4 Deal: 2021 Subaru Impreza

Lease Deal: $219/month for 36 months, $2,019 due at signing

Check Subaru Impreza Prices

#5 Deal: 2020 Volkswagen Jetta

Lease Deal: $239/month for 39 months, $0 due at signing

Check VW Jetta Prices

Cheapest Car to Lease

So what is the cheapest car to lease? Out of all these inexpensive cars, we selected the 2020 Hyundai Accent

Top Pick: 2020 Hyundai Accent
Lease Deal: $179/month for 36 months, $1,999 due at signing

Check Hyundai Accent Prices

Recommended: Check out our top picks for the cheapest cars to lease with no money down.

Frequently Asked Questions

What is the cheapest car to lease right now?

There are many lease deals on new cars that have a sticker price near or under $20,000. Some of the cheapest and most popular models with lease specials are the 2020 Honda Civic ($20,000) and the 2020 Subaru Impreza ($18,695).

What is the cheapest and most reliable car?

The 2020 Honda Civic ($20,000) and 2020 Hyundai Elantra ($19,300) are a couple of the cheapest and most reliable cars. There are usually great lease deals on many other good-value and reliable cars.

What is the cheapest monthly payment for a new car?

The cheapest monthly payment for a new car can be as low as $120 per month. Some new cars like the Nissan Leaf and Hyundai Elantra have monthly payments just above $100 per month.

What is the cheapest down payment for a new car?

Car manufacturers frequently publish lease deals that advertise no money down. There may be taxes and other fees due at signing, but the cheapest down payment for a new car can be as low as $0.

How can I get a cheap car lease deal?

It’s a good idea to get multiple dealerships to compete in order to find the lowest price available. Before reaching out to dealerships for quotes, check out our top picks for the cheapest lease deals available right now. 

Do I need a good credit score to lease a car?

The credit score needed to lease a new vehicle may vary, but you generally need a pretty solid credit score to qualify for low monthly payment or no down payment lease specials. A score between 650 and 720 is recommended for most dealerships.

Many manufacturers are offering low monthly lease deals this month on 2019 and 2020 models for well qualified buyers.

In addition to offers with low monthly payments, there are a few deals with no or low down payments. By paying a lower amount at signing, drivers can save money on many of today's popular models from manufacturers like Ford, Toyota, and Chevrolet.

Below we break down lease offers by category and highlight some of the best lease deals right now.

Best Lease Deals Right Now

Here's our picks for the best lease deals for the month of November.

#1 Deal: 2021 Toyota Corolla Hybrid

Lease Deal: $169/month for 36 months, $2,999 due at signing

Check Corolla Hybrid Prices

#2 Deal: 2021 Mazda3 Sedan

Lease Deal: $189/month for 36 months, $2,499 due at signing

Check Mazda3 Sedan Prices

#3 Deal: 2020 Nissan Leaf

Lease Deal: $199/month for 36 months, $199 due at signing

Check Nissan Leaf Prices

#4 Deal: 2021 Subaru Impreza

Lease Deal: $219/month for 36 months, $2,019 due at signing

Check Subaru Impreza Prices

#5 Deal: 2020 Volkswagen Jetta

Lease Deal: $239/month for 39 months, $0 due at signing

Check VW Jetta Prices

#6 Deal: 2021 Nissan Rogue

Lease Deal: $249/month for 36 months, $3,799 due at signing

Check Nissan Rogue Prices

#7 Deal: 2021 Toyota Tundra

Lease Deal: $319/month for 39 months, $2,999 due at signing

Check Toyota Tundra Prices

#8 Deal: 2021 Lexus ES

Lease Deal: $339/month for 36 months, $3,999 due at signing

Check Lexus ES Prices

#9 Deal: 2021 Acura TLX

Lease Deal: $399/month for 36 months, $3,999 due at signing

Check Acura TLX Prices

#10 Deal: 2021 BMW X2

Lease Deal: $409/month for 36 months, $3,999 due at signing

Check BMW X2 Prices

Best Lease Deals (Video)

Frequently Asked Questions

Can you lease without a down payment?

Yes, some car brands advertise zero down leases.  Here’s the full list of zero down offers right now.

Even if it’s not advertised, some dealers make the down payment optional if you meet their credit requirements.  Keep in mind that a zero down lease will raise your monthly payment since you are not pre-paying some of the lease obligation.

Is it cheaper to buy or lease a car?

Monthly payments are cheaper when leasing a car.  But if you buy and keep a car after it’s paid off, it’s cheaper in the long run. Here are some of the cheapest lease offers with monthly payments under $200.

Does leasing a car build credit?

Yes, leasing a car builds credits in the same way that buying a car does.  You just need to show a history of paying in full and on time.

What credit score do I need to lease a car?

With some exceptions, the typical minimum credit score to lease a car is 620. However, unless your credit score is over 680, you will not qualify for the best lease deals.

What is capitalized cost in a car lease?

Capitalized cost is the total amount being financed with a lease.  This is the price of the vehicle and all associated fees, minus whatever you pay in cash for your down payment and your trade-in.

What is the money factor in a car lease?

The money factor is the financing rate on a lease, similar to interest paid on a loan, but expressed a little differently.  The lower the money factor, the less your monthly payment will be.

Is it better to buy or lease a car?

Leasing a car does result in lower monthly car payments.  But for most car buyers, it makes more financial sense to buy a car outright than to lease.  The exceptions are if you are deducting the car as a business expense or you want to replace your car every 2-3 years.  Learn more about the reasons to buy or lease a car.

Why do dealers want you to lease?

Dealers love to offer leases because they will make more profit than a typical car sale.  And consumers are less likely to negotiate a lease due to seemingly low payments and confusing financial terms like money factor and capitalized cost.

Leasing a new car requires a far smaller up-front investment than purchasing one. However, most leases still require you to put down money upfront....unless you know what you're doing.

So do zero down leases exist?  Yes, they really do.

The trick is that even leases not advertised as "zero down" can become zero down with some negotiation.

How do these deals work and what’s their real cost?

This guide will breakdown how zero down leases work and how you can negotiate a new car lease to avoid putting money down up front.

How Does a 0 Down Lease Work?

Key Leasing Terms

• Capitalized Cost: Capitalized cost (or cap cost) is the sales price of a car being leased. It includes the car's negotiated price plus any additional costs that will be financed through the lease.  The lower the cap cost, the lower your monthly payments.
• Capitalized Cost Reduction: This is similar to a down payment that reduces the vehicle sales price. The cap cost is reduced by any upfront cash you pay at closing plus the value of your trade-in.
• Lease Term: This is the number of months during which you will have use of the vehicle and will pay an agreed upon monthly payment.
• Residual Value: The residual value of the car is the amount you would pay the leasing company if you decided to buy the car at the end of the lease.
• Depreciation: The reduction in a car's value from the beginning to the end of the lease term.  This is calculated as the difference between the cap cost (minus cap cost reduction) and the residual value.
• Money Factor: This is the rate at which you are borrowing money.  It's the lease equivalent of the annual percentage rate (APR) when buying a car with a loan.

When leasing a car, the more you pay upfront, the lower you pay in monthly payments.  The opposite holds true as well.  The less you pay up front, the more you pay in monthly payments.

By opting for a zero down lease, most or all of your upfront payment (cap cost reduction) is rolled into your monthly payments.

Keep in mind that a 0 down lease does not always mean that you can waltz in empty handed and drive off in a new leased car. Even with a no money down lease, you sometimes still have to pay for the sales tax, dealership fees, and the first month’s payment.  More on the types of zero down leases below.

Benefits of a No Money Down Lease

No money down leases are appealing because...

• Less money upfront. Signing a lease with a down payment means that you must fork over cash right off the bat. With a no money down lease, you get to spread the down payment out, so there’s less out-of-pocket cost at the beginning.
• Sales tax is deferred. Typically, you must pay an upfront sales tax when you lease a car with a down payment. For a no money down lease, you will end up paying the same amount in taxes but spread out over time.
• Less risk.  If the vehicle is stolen or totaled during the lease period, you will not lose out on the down payment that you made.

Drawbacks of a No Money Down Lease

There are also some downsides to zero down leases.

• Higher monthly payments. Because you are deferring up front cost, your monthly payments will be higher.
• Higher total cost. You must pay interest on the leased amount, which means you will likely end up paying more in total costs over your entire lease term if you put no money down.

Down Payment and Amount Due at Signing May Differ

Your down payment is not the only potential cost when you sign your lease agreement. There are also:

• city/county/state fees
• license and registration fees
• the first month’s payment
• security deposit
• and in most states when a down payment is made, there is an upfront sales tax required

There are big differences in what you pay upfront, so let's take a closer look.

Types of No Money Down Car Leases

There are four primary types of zero-down leases. These are:

• $0 due at signing/ sign and drive. These leases will involve no out-of-pocket expenses when you sign the lease. The car dealer will include the cash due amount into the monthly cost of your lease so that you do not pay anything that day.
• No cap cost reduction. This kind of lease eliminates the down payment, but still includes the first month’s payment and fees.
• No cap cost reduction and no first month’s payment. Most often, you must pay for the first month up front, however, there are some leases that eliminate this requirement. Instead, the dealer will roll your first month’s payment and down payment into the monthly cost, and you will only have to pay fees required by your state at the time of signing.
• No down payment and dealer pays the first month. In rare cases, the dealer or lessor will cover the first month’s payment. You will not have to make a down payment, and the dealer will waive the first month’s payment so that you only have to pay the official fees.

Is a zero down lease the same as a one-pay lease?

No, a one-pay lease is the opposite of a zero down lease.  Instead you combine all the payments and make them up front in a single payment to save on interest.

Requirements to Qualify for a $0 Down Lease Deal

Even though dealers and manufacturers promote zero down leases, only certain customers qualify.  Your credit score is the key factor determining whether or not you qualify for a $0 down lease deal. Most lenders will require you to be a "well-qualified customer", meaning you must have a high credit score, over 680. Having your credit score at hand will help you know if you qualify for a $0 down lease. Those with poor credit can also consider getting a cosigner that has a better chance of qualifying for the lease deal.

How Can You Get a Zero Down Lease?

Here are the best ways to minimize upfront payments for your lease.

Look for Published 0 Down Lease Deals

The first option is to search for advertised 0 down lease deals. Dealerships and manufacturers will usually publish zero down lease deals at the beginning of each month, so your best bet is to look around for those specials. Check out this month’s 0 down lease deals here.

How to Negotiate a Zero Down Lease

The majority of car leases are advertised with a down payment, but yes, you can negotiate a lease to become zero down.

Once you find a good advertised lease deal, the trick is too simply ask the dealer if they will allow it.  If you have a good credit score many will accommodate, especially since you'll be paying more interest over the lease term.

Now if the car you want doesn't have a good lease offer, negotiate the sale price first and the down payment last.

You'll get the best deal by getting prices from several dealers and then negotiating over email.  Don't tell the dealer you will be leasing up front.  After you agree on a good car price, ask the dealer to use that as the capitalized cost of a lease.  Then ask if you can roll the down payment into your monthly payments and voila....you've got your zero down lease!

Frequently Asked Questions

How do you negotiate a 0 down car lease?

Negotiating a car lease may be intimidating, but it is crucial for getting the best deal. It’s best to look for new deals each month and then have multiple dealerships compete in order to get the best price.

What does 0 due at signing mean?

0 due at signing means you will not have any out-of-pocket expense on the day you sign the lease. The cash-due fees are rolled into your overall lease cost, which means you will have a higher monthly payment.

Are lease down payments negotiable?

Lease terms are negotiable, and you can usually negotiate the down payment and total money down. With a solid credit score you may be able to drive away without putting any money down.

What credit score is needed to lease a car with no money down?

A good, strong credit score will help you qualify for a lease with no money down. Typically, we recommend a credit score of 680 or above.

How much should you put down on a lease?

There is not a set amount that you should put down on a lease. Your personal finances and preference will play a role. Keep in mind that putting more down will help reduce your monthly payments and the amount of interest you pay, but it is a larger out-of-pocket expense that you cannot get back.

GM manufacturers including Chevrolet, Buick, GMC, and Cadillac all offer discounts to teachers and educators. The discounts can be as high as $5,500, but cash back amounts vary from vehicle to vehicle.

These deals apply to select new 2018, 2019, and 2020 vehicles, ranging from SUVs, sedans, pickup trucks and cargo vans. Educators can apply this discount to a purchase or lease and they can be combined with most other current incentives.

Let's take a closer look at how to qualify and the requirements for each of these teacher savings programs.  At the bottom we also list all the current discounts for educators offered by each manufacturer.

How to Qualify for a Teacher Discount

To qualify for a teacher car discount you have to either work in the educational field or have a parent that does.

GM offers the Educator Discount to a wide range of members of a public or private school, university, or college. This includes:

• Educators
• Administrators
• Faculty
• Support Staff

You can also share this special offer with your spouse and dependent children. A dependent child qualifies as:

• Under 21 years of age
• Full-time student under 25 years of age

What to Bring to the Dealership

Before heading to your local authorized dealership, GM requires an authorization number which can be obtained through their site. Once you have an authorization number, you must bring the code and these other documents as proof of eligibility:

• Copy of school ID/badge
• Copy of current pay stub (within last 30 days)
• Copy of driver’s license

As an educator, you can purchase or lease up to two new vehicles per year with the GM Educator Discount.

Best Discounts for Teachers & Faculty

Below are some of the best car deals for teachers, administrators, faculty, and support staff.

These offers may vary based on location, credit score, and financing terms and are not guaranteed.  So use my free service to Check Discount Car Prices to get the best prices that include current manufacturer offers and incentives.

Frequently Asked Questions

What car companies give teacher discounts?

All the GM family of car brands offer discounts.  That includes Chevy, Buick, GMC, and Cadillac.

How much is a teacher discount?

Discounts range from $1,500 to as high as $5,500 depending on the brand.

How long must you be a teacher to qualify?

Length of employment does not matter as long as you can prove you're currently a teacher or faculty and can show a pay stub.

Do family members get the teacher discount?

Spouses and dependent children both qualify for the discount.

Does Honda, Toyota, or Nissan have teacher discounts?

None of these brands currently offer discounts at the national level.  Although some dealerships may occasionally run local promotions.