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Best Lease Deals With No Money Down [July Edition]

Best lease deals with zero down

Best lease deals with zero downOne 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.

Top picks - Zero down lease deals

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.

YearMakeModelLease OffersExpiration
2020SubaruImpreza$249/month for 36 months, $0 due at signing7/31/20
2020HondaPilot$390/month for 36 months, $0 due at signing8/31/20
2020HondaCivic$250/month for 36 months, $0 due at signing8/31/20
2020NissanArmada$691/month for 36 months, $691 due at signing8/3/20
2020ChevroletEquinox$268/month for 39 months, $0 due at signing8/3/20

 

Best Lease Deals by Category

Frequently Asked Questions


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.  See our picks for the best zero down lease deals.

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.  See our picks for the best zero down lease deals.

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.

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. See our picks for the best zero down lease deals.

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.

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.

Best Lease Deals For July 2020

Best Lease Deals

Best Lease DealsMany 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 July.

YearMakeModelLease OffersExpiration
2020SubaruImpreza$249/month for 36 months, $0 due at signing7/31/20
2020NissanLeaf$114/month for 24 months, $2,929 due at signing8/3/20
2020HondaPilot$390/month for 36 months, $0 due at signing8/31/20
2020VolvoS90$489/month for 36 months, $3,789 due at signing7/31/20
2020NissanPathfinder$279/month for 36 months, $3,299 due at signing8/3/20
2020ToyotaTacoma$279/month for 36 months, $2,999 due at signing8/3/20
2020AcuraRDX$369/month for 36 months, $2,799 due at signing9/8/20
2020VolkswagenJetta$139/month for 39 months, $3,499 due at signing7/31/20
2020KiaForte$159/month for 36 months, $2,499 due at signing8/3/20
2020HyundaiElantra$119/month for 36 months, $3,175 due at signing8/3/20

Best Lease Deals (Video)

Best Lease Deals by Category

Frequently Asked Questions


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.

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.

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.

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.

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.

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.

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.

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.

Best 0% APR Financing Deals For July 2020

Best 0% APR Car Deals

Best 0% APR Car DealsMany manufacturers are offering zero percent APR car deals this month on 2019 and 2020 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. Some notable ones this month are on the 2019 Buick Regal TourX, 2019 Hyundai Tucson, and 2020 Nissan Murano.

Best 0% APR Financing Deals Right Now

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

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

What does a 0% APR Offer Mean?

What does a 0% APR offer mean?

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?)

Is 0% APR a good deal?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?

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 July 2020

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

YearMakeModelBest Avail. APRLengthCash BonusExpiration
2020AudiA30.00%36 months7/31/20
2019AudiA40.00%72 months7/31/20
2020AudiA40.00%36 months7/31/20
2019AudiA50.00%72 months7/31/20
2019AudiA60.00%72 months7/31/20
2020AudiA60.00%36 months7/31/20
2020AudiA70.00%36 months7/31/20
2020AudiA80.00%36 months7/31/20
2020AudiQ50.00%36 months7/31/20
2019AudiQ70.00%72 months7/31/20
2020AudiQ70.00%36 months7/31/20
2019AudiE-Tron0.00%72 months7/31/20
2020AudiS30.00%36 months7/31/20
2019AudiS40.00%72 months7/31/20
2020AudiS40.00%36 months7/31/20
2019AudiS50.00%72 months7/31/20
2020AudiS60.00%36 months7/31/20
2020AudiS70.00%36 months7/31/20
2020AudiS80.00%36 months7/31/20
2020AudiSQ50.00%36 months7/31/20
2020AudiSQ70.00%36 months7/31/20
2020BMWi30.00%60 months$7,500 7/31/20
2020CadillacCT60.00%60 months$1,000 8/3/20
2020CadillacXT40.00%60 months$1,500 8/3/20
2020CadillacXT50.00%60 months$1,500 8/3/20
2020CadillacXT60.00%60 months$1,500 8/3/20
2020ChevroletBolt EV0.00%72 months$4,750 8/3/20
2020Chrysler3000.00%36 months8/3/20
2020ChryslerVoyager0.00%36 months8/3/20
2020DodgeJourney0.00%36 months$1,000 8/3/20
2019FordEcoSport0.00%72 months8/3/20
2020FordEcoSport0.00%72 months8/3/20
2020FordEscape0.00%72 months8/3/20
2020FordEdge0.00%72 months8/3/20
2020FordExpedition0.00%72 months8/3/20
2020FordExplorer0.00%72 months8/3/20
2019FordF-1500.00%84 months8/3/20
2020FordF-1500.00%72 months8/3/20
2019FordRanger0.00%72 months8/3/20
2019FordFlex0.00%72 months8/3/20
2020FordFusion0.00%72 months8/3/20
2019FordMustang0.00%72 months8/3/20




YearMakeModelBest Avail. APRLengthCash BonusExpiration
2020HyundaiAccent0.00%48 months$5008/3/2020
2019HyundaiElantra0.00%72 months$5008/3/2020
2020HyundaiElantra0.00%60 months8/3/2020
2019HyundaiElantra GT0.00%60 months8/3/2020
2019HyundaiKona Electric0.00%60 months$5008/3/2020
2020HyundaiSanta Fe0.00%72 months8/3/2020
2019HyundaiSonata0.00%60 months$5008/3/2020
2020HyundaiSonata0.00%60 months8/3/2020
2019HyundaiSonata Hybrid0.00%60 months$5008/3/2020
2020HyundaiSonata Hybrid0.00%60 months8/3/2020
2019HyundaiSonata Plug-in Hybrid0.00%60 months$5008/3/2020
2019HyundaiTucson0.00%72 months$1,000 8/3/2020
2020HyundaiTucson0.00%72 months8/3/2020
2020HyundaiVenue0.00%36 months8/3/2020
2020InfinitiQ500.00%72 months8/5/2020
2020InfinitiQ600.00%72 months8/5/2020
2020InfinitiQX500.00%72 months8/5/2020
2020InfinitiQX600.00%72 months8/5/2020
2020InfinitiQX800.00%72 months8/5/2020
2020JaguarXE0.00%24-72 months7/31/2020
2020JaguarXF0.00%24-72 months7/31/2020
2020JaguarE-Pace0.00%24-72 months7/31/2020
2020JaguarF-Pace0.00%24-72 months7/31/2020
2020JaguarF-Type0.00%24-72 months7/31/2020
2020JaguarI-Pace0.00%24-72 months7/31/2020
2020KiaForte0.00%66 months8/3/2020
2020KiaNiro0.00%60 months8/3/2020
2020KiaNiro Plug-In Hybrid0.00%60 months8/3/2020
2020KiaOptima0.00%72 months8/3/2020
2020KiaSedona0.00%66 months8/3/2020
2020KiaSorento0.00%72 months8/3/2020
2020KiaSoul0.00%72 months8/3/2020
2020KiaSportage0.00%72 months8/3/2020
2020KiaStinger0.00%72 months8/3/2020
2019KiaK9000.00%72 months7/6/2020
2020KiaK9000.00%66 months8/3/2020
2020Land RoverVelar0.00%24-72 months7/31/2020
2020Land RoverEvoque0.00%24-72 months7/31/2020
2020Land RoverDiscovery0.00%24-72 months7/31/2020
2020Land RoverDiscovery Sport0.00%24-72 months7/31/2020
2020Land RoverRange Rover Sport0.00%24-72 months7/31/2020
2020Land RoverRange Rover0.00%24-72 months7/31/2020
2020LexusES0.00%60 months8/3/2020
2020LexusES Hybrid0.00%60 months8/3/2020
2020LexusGS0.00%60 months8/3/2020
2020LexusGX0.00%60 months8/3/2020
2020LexusGS F0.00%60 months8/3/2020
2020LexusIS0.00%60 months8/3/2020
2020LexusLC0.00%60 months8/3/2020
2020LexusLC Hybrid0.00%60 months8/3/2020
2020LexusLS0.00%60 months8/3/2020
2020LexusLS Hybrid0.00%60 months8/3/2020
2020LexusLX0.00%60 months8/3/2020
2020LexusUX0.00%60 months8/3/2020
2020LexusUX Hybrid0.00%60 months8/3/2020
2020LexusNX0.00%60 months8/3/2020
2020LexusNX Hybrid0.00%60 months8/3/2020
2020LexusRC0.00%60 months8/3/2020
2020LexusRC F0.00%60 months8/3/2020
2020LexusRX0.00%60 months8/3/2020
2020LexusRX Hybrid0.00%60 months8/3/2020
2020LincolnMKZ0.00%72 months$1,000 8/3/2020
2020LincolnMKZ Hybrid Reserve0.00%72 months8/3/2020
2020LincolnContinental0.00%60 months8/3/2020
2020LincolnCorsair0.00%60 months8/3/2020
2020LincolnNautilus0.00%60 months8/3/2020
2020MazdaCX-30.00%60 months8/3/2020
2020MazdaCX-50.00%60 months8/3/2020
2020MazdaCX-90.00%60 months$5008/3/2020
2020MazdaCX-300.00%60 months$5008/3/2020
2020Mazda30.00%60 months$5008/3/2020
2020Mazda60.00%60 months$5008/3/2020
2020MazdaMX-5 Miata RF0.00%60 months8/3/2020
2020MazdaMX-5 Miata0.00%60 months8/3/2020
2019MitsubishiEclipse Cross0.00%72 months$7507/31/2020
2020MitsubishiEclipse Cross0.00%60 months$5007/31/2020
2019MitsubishiOutlander Phev0.00%72 months$7507/31/2020
2020MitsubishiOutlander Phev0.00%60 months$5007/31/2020
2019MitsubishiOutlander0.00%48 months$1,250 7/31/2020
2020MitsubishiOutlander0.00%60 months$5007/31/2020
2019MitsubishiOutlander Sport0.00%60 months$1,000 7/31/2020
2020MitsubishiOutlander Sport0.00%60 months$5007/31/2020
2019MitsubishiMirage0.00%60 months$1,000 7/31/2020
2020MitsubishiMirage0.00%60 months$5007/31/2020
2019MitsubishiMirage G40.00%60 months$1,250 7/31/2020
2020MitsubishiMirage G40.00%60 months$7507/31/2020
2020MercedesA-Class0.00%24-36 months7/31/2020
2020MercedesC-Class0.00%24-36 months7/31/2020
2020MercedesE-Class0.00%24-36 months7/31/2020
2020MercedesGLA-Class0.00%24-36 months7/31/2020
2019MercedesGLE-Class0.00%24-36 months7/31/2020
2020NissanAltima0.00%60 months$1,250 8/3/2020
2019NissanFrontier0.00%84 months$1,495 8/3/2020
2019NissanLeaf0.00%60 months$1,000 8/3/2020
2020NissanLeaf0.00%72 months$5008/3/2020
2020NissanMaxima0.00%36 months$2,000 8/3/2020
2020NissanMurano0.00%36 months$3,500 8/3/2020
2019NissanPathfinder0.00%36 months$5008/3/2020
2020NissanPathfinder0.00%36 months$2,750 8/3/2020
2020NissanRogue0.00%60 months$1,500 8/3/2020
2020NissanRogue Sport0.00%60 months$1,000 8/3/2020
2019NissanSentra0.00%36 months8/3/2020
2020NissanSentra0.00%60 months$5008/3/2020
2019NissanTitan0.00%36 months8/3/2020
2020NissanTitan0.00%72 months$2,000 8/3/2020
2019NissanTitan XD0.00%36 months8/3/2020
2020NissanTitan XD0.00%72 months$2,000 8/3/2020
2020SubaruAscent0.00%63 months7/31/2020
2020SubaruForester0.00%63 months7/31/2020
2020SubaruImpreza0.00%63 months7/31/2020
2020SubaruLegacy0.00%63 months7/31/2020
2020SubaruOutback0.00%63 months7/31/2020
2020ToyotaAvalon0.00%60 months8/3/2020
2020ToyotaAvalon Hybrid0.00%60 months8/3/2020
2020ToyotaCamry Hybrid0.00%60 months8/3/2020
2020ToyotaCorolla Hybrid0.00%36 months8/3/2020
2020ToyotaCorolla Hatchback0.00%60 months8/3/2020
2020ToyotaPrius0.00%60 months8/3/2020
2020ToyotaGR Supra0.00%60 months8/3/2020
2019VolkswagenAtlas0.00%72 months7/31/2020
2020VolkswagenAtlas0.00%72 months7/31/2020
2020VolkswagenAtlas Cross Sport0.00%60 months7/31/2020
2019VolkswagenBeetle0.00%72 months7/31/2020
2019VolkswagenGolf0.00%72 months7/31/2020
2020VolkswagenGolf0.00%72 months7/31/2020
2019VolkswagenGolf R0.00%72 months7/31/2020
2019Volkswagene-Golf0.00%72 months7/31/2020
2019VolkswagenGolf Alltrack0.00%72 months7/31/2020
2019VolkswagenGolf SportWagen0.00%72 months7/31/2020
2019VolkswagenGolf GTI0.00%72 months7/31/2020
2020VolkswagenGolf GTI0.00%72 months7/31/2020
2019VolkswagenJetta GLI0.00%72 months7/31/2020
2020VolkswagenJetta GLI0.00%72 months7/31/2020
2019VolkswagenJetta0.00%72 months7/31/2020
2020VolkswagenJetta0.00%72 months7/31/2020
2019VolkswagenPassat0.00%72 months7/31/2020
2020VolkswagenPassat0.00%72 months7/31/2020
2019VolkswagenTiguan0.00%72 months7/31/2020
2020VolkswagenTiguan0.00%72 months7/31/2020
2019VolkswagenArteon0.00%72 months7/31/2020
2020VolkswagenArteon0.00%72 months7/31/2020
2020VolvoXC900.00%60 months7/31/2020
2020VolvoXC600.00%60 months7/31/2020
2020VolvoXC400.00%60 months7/31/2020
2019VolvoS600.00%60 months7/31/2020
2020VolvoV90 Cross Country0.00%60 months7/31/2020
2020VolvoV900.00%60 months7/31/2020
2020VolvoV600.00%60 months7/31/2020

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.

Best 0% APR Deals by Category

Frequently Asked Questions

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. See all 0% APR offers this month.

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.

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).  See all 0% APR offers this month.

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.

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

Coronavirus Car Payment Assistance Programs

COVID19 Coronavirus Relief Programs

Almost all major car manufacturers are offering payment relief programs during the COVID-19 pandemic. They are offered in the form of deferred payments on new vehicles, payment extensions, and lease extensions. Many will also waive any late fees for an extended period of time. (these are discounts for everyone, not to mention those discounts for first responders)

COVID-19 Assistance Overview

Manufacturers like Chevrolet, Buick, and GMC are offering special incentives as well, with 0% APR for up to 84 months available to very well qualified buyers. There are still new cash back, finance, and lease deals introduced at the beginning of each month.

If your local and state government have deemed transportation as an essential need, most dealer service operations for repair and maintenance should be open.

Tip: To truly get a good deal, you’ll want to get prices from several dealerships. (click the orange button above and Get Prices).

Below we will give an overview of each car manufacturer’s Coronavirus payment relief program, available to new and current customers.

 

Acura COVID-19 Hardship Help

Current Customers: The Hardship Help program for current Acura Financial Services account holders can get payment extensions, deferrals, and late fee waivers.

acura cash back icon

Prospective Customers: A 90-day deferred payment program is available to new and used car buyers. A Loyalty Purchase Assistance Cash deal of $500 is available on any new Acura model. There are also special APRs on pre-owned TLX and RDX models. Acura is currently offering first responders and healthcare professionals up to $750 off a purchase or lease on any 2020 or newer model.

Audi COVID-19 Assistance

Current Customers: Audi‘s Financial Services are open and accessible to customers that need financial assistance.

BMW Coronavirus Response

Current Customers: BMW‘s Customer and Financial Services are available to customers that need assistance due to the COVID-19 pandemic.

GM (Buick, Cadillac, Chevrolet, GMC) Coronavirus Response

Current Customers: GM Financial customers (Buick, Cadillac, Chevrolet, and GMC) that are affected by COVID-19 are encouraged to message through the mobile app or contact 1-800-284-2271 for assistance. Current owners have OnStar Crisis Assist services for a limited time and complimentary in-vehicle data for Wi-Fi equipped vehicles; 3GB or three months, whichever comes first. GM is offering customers the ability to shop online and take delivery at home from a participating dealership.

0 APR For 84 Months

Buick Prospective Customers: Buick is offering new buyers 0% APR for 84 months on the 2020 Encore and Envision. There is also an option to defer monthly payments for 120 days.

Chevrolet Prospective Customers: Chevrolet is offering 0% APR for 84 months on 2019 and 2020 Equinox, Silverado 1500, and Trax models. Customers can also defer monthly payments for 120 days on most Chevy models.

GMC Prospective Customers: GMC is currently offering new buyers 0% APR for 84  months on 2020 Sierra 1500, Acadia, and Terrain models. Customers can also defer monthly payments for 120 days.

Fiat-Chrysler (Chrysler, Dodge, Jeep) COVID-19 Response

Current Customers: There are flexible payment options and payment extensions available to current Chrysler, Dodge, and Jeep customers on a case-by-case basis.

Prospective Customers: There may be options to defer payments for 90 days on select 2019/2020 models if financed through Chrysler Capital.

Ford Motor Company (Ford, Lincoln) COVID-19 Assistance Program

Current Customers: Ford and Lincoln customers are encouraged to call Ford Credit to discuss options if they are going through financial hardship. The special hotline number is 1-800-723-401690 day deferred payment

Prospective Customers: Ford is also giving customers the option to delay the first payment on a new vehicle for 90 days. They are also offering six months of payment relief for select new-car customers. Ford will pay for three months and then the customer can defer monthly payments for up to three more months. This deal excludes 2020 Super Duty trucks, but is available on the rest of the 2019 and 2020 lineup.

Ford Promise Vehicle Return Program

The Ford Promise program allows customers to return a vehicle within one year of purchase if they experience financial hardship due to involuntary loss of employment. The Ford vehicle buy-back program will cover:

  • 2019/2020/2021 new, used, or CPO vehicles that have been leased or purchased through Ford Motor Credit between June 26th, 2020 and September 30th, 2020.
  • Up to $15,000 waived/paid with the customer responsible for the remaining balance

To qualify, customers must have been approved for state unemployment benefits and must notify the Claims Administrator within thirty days of involuntary job loss. Customers experiencing self-employed personal bankruptcy are also eligible for Ford Promise.

Ford is offering 0% APR for 72 months on select 2019/2020 models. Here is a full list of Ford incentives and more details on Ford Promise.

Honda COVID-19 Hardship Help

Current Customers: Payment extensions, deferrals, and late fee waivers are available through Honda’s Hardship Help program.

Prospective Customers: New customers can defer payments for 90 days and also get $1,000 in cash back towards the purchase or lease of select new models. There are special APRs on pre-owned Civic, Accord, and CR-V models. Honda is now offering up to $500 off a purchase or lease of a new vehicle to healthcare professionals.

Hyundai Coronavirus Relief Program

Current Customers: Current Hyundai customer can defer payments for up to three months if they lose their job or face medically-related hardships before December 31st, 2020. The Hyundai Assurance Job Loss Protection program will waive up to six months of payments for new owners who have lost their job that purchased or leased a vehicle before December 31st, 2020. Hyundai will also extend any qualifying warranty that ends between March and June 2020 until June 30th, 2020.

6 month payment relief

Prospective Customers: There is special 0% APR financing available on select new models, and customers have the option to delay payments for 120 days.

Infiniti COVID-19 Response Program

Current Customers: Infiniti customers that are going through financial hardship are encouraged to call or email Infiniti Financial Services to discuss payment alternatives.

Prospective Customers: Infiniti is now offering no payments for up to 90 days on a purchase or lease on any 2020 model. New customers can get 0% APR financing for 72 months on all 2020 models.

Jaguar COVID-19 Response

Current Customers: Returning Jaguar lessees can get their first two payments of up to $750 waived if financed through Jaguar Financial Group. Jaguar is also offering its lessees the option to extend their lease agreement for up to 6 months.

Prospective Customers: The Jaguar Deferment Program allows eligible customers to defer their payments for up to 90 days. This can be applied to all new 2020 models.

Kia Coronavirus Response Program

Current Customers: Kia customers (financed or leased before March 14th) that are providing care for themselves or a member of their household and are unable to work can request a 30-day payment extension up to three times. Kia is also extending its warranty program until June 30th, 2020 for anyone that couldn’t make it to a Kia dealer between March 2020 and May 2020 due to COVID-19.

120 days deferred payment

Prospective Customers: New buyers can defer payments for 120 days and get 0% APR financing for 72 months.

Land Rover COVID-19 Response

Current Customers: Returning Land Rover lessees can get their first two payments of up to $750 waived if financed through Land Rover Financial Group. Land Rover is also offering its lessees the option to extend their lease agreement for up to 6 months.

Prospective Customers: The Land Rover Payment Deferment Program allows eligible customers to defer their payments for up to 90 days. This can be applied to all new 2020 models.

Lexus COVID-19 Assistance Program

Current Customers: Lexus customers going through financial hardship due to the global pandemic are encouraged to call Lexus Financial Services at 800-874-7050 to discuss payment relief options.

Mazda COVID-19 Response Program

Current Customers: Mazda is encouraging its customers to contact Mazda Capital Services for any financial relief. Current Mazda owners can get up to $1,500 off when they purchase or lease any new Mazda.

Prospective Customers: New customer can get 0% APR on most models and Mazda is offering a 90-day deferred payment program.

Mercedes-Benz COVID-19 Response

Current Customers: Customers are encouraged to call Mercedes-Benz Financial Services at 800-654-6222 for any financial assistance related to the Coronavirus pandemic.

Mitsubishi COVID-19 Financial Support

Current Customers: Mitsubishi customers who financed through Ally can contact them to defer payments for up to 120 days.

Prospective Customers: New buyers can finance a new vehicle through Ally and defer payments for up to 90 days.

Nissan Coronavirus Assistance Program

Current Customers: Nissan and NMAC Customer Service are available at 1-800-456-6622 to assist customers and discuss payment arrangements.

Prospective Customers: Nissan is offering new customers the option to defer monthly payments for up to 90 days. The manufacturer will also cover payments for up to two additional months.

Subaru 0 APR

Porsche COVID-19 Response

Current Customers: Impacted Porsche customers are encouraged to send a secure message through their PFS Account for financial assistance. Any warranty period that expires between March and May 2020 will be extended for three months.

Subaru COVID-19 Response Program

Current Customers: Current Subaru lessees can extend their lease agreements for up to 6 months.

Prospective Customers: New Subaru customers can get 0% APR for 63 months on 2020 Ascent, Forester, Outback, Legacy, and Impreza models. Buyers also have the option to defer payments for up to 90 days.

Toyota COVID-19 Response Program

extend lease period

Current Customers: Toyota Financial Services is offering payment relief options to customers who are effected by COVID-19. Qualified lease and finance customers can get payment extensions or lease deferred payments. They are also offering assistance to customers who are nearing the end of their lease period.

Prospective Customers: Qualified customers can get 0% APR for 60 months on 2020 models like the Camry, RAV4, and Tacoma. Toyota will also defer payments for up to 90 days. Every new Toyota will come with ToyotaCare, which is a no-cost maintenance plan for 2 years or 25,000 miles.

Volkswagen COVID-19 Response

Current Customers: Volkswagen customers are encouraged to visit the Volkswagen Credit website if they are impacted by COVID-19. Existing customers can defer their payments for up to 90 days without fees.

Prospective Customers: Most new VW models come with 0% APR for 72 months and there is also an option to defer the first month’s payment for 120 days. Eligible customers who lost their job due to economic reasons can get up to 6 months of payments (of up to $750 per month) waived.

Volvo COVID-19 Response

Current Customers: Customers going through financial hardship are encouraged to call Volvo Car Financial Services to discuss payment relief options.



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.

Are European Car Delivery Programs Worth the Effort?

Are European Delivery programs worth the money

I’ve always been intrigued by European Car Delivery Programs.  It’s a compelling offer: sign up for a vacation to Europe, get treated like a VIP, and come home with a discount on a very big souvenir, your new luxury car.

Experts like Jon Spira tell captivating stories where you can pick up your brand new BMW in Germany and race it on the Autobahn for less than you would’ve paid picking it up at your local dealership.

Is a European Delivery Program a Good Deal?

But are these programs worth it?  Over the past few years, manufacturers have tightened their belts and removed many of the extra perks that used to be included.

So I decided to see how European Delivery Program’s stack up against a car price you could negotiate for pick-up in the U.S.

Let’s take a look at how each manufacturers’ European deals compare to local prices.  But first…

How does a European Car Delivery Program Work?

How does European Delivery workThe idea is you buy a luxury car from BMW, Mercedes, Porsche, or Volvo (Audi and Saab both retired their programs) and pick it up at the factory in Europe.  You’ll typically get a discount on the price of the car plus a travel deal.  After you visit the factory, you can cruise around Europe for a couple weeks and drop off your car at a pre-approved location (these vary by manufacturer, but most have about 12 drop-off locations in different cities).

All programs include a factory tour and meal, international car insurance and registration for 2 weeks (about a $200 value).  When you’re done they’ll ship the car back to the U.S. for you free of charge, but keep in mind this is not the same as the destination fee (typically $895).  Mercedes is the only one to waive the destination fee as well.

Here’s the step by step process:

  1. You order a European luxury car from a U.S. dealer
  2. Once the pick-up date is confirmed, you book your travel
  3. Pick-up your car a few weeks later at the factory in Europe
  4. Spend a night near the manufacturer in Germany (or Sweden for Volvo) and get a factory tour plus a meal or two
  5. Travel the country-side in your new wheels for as long as you want (insurance lasts 2 weeks, but can be extended)
  6. Drop off your car at an approved European drop-off location
  7. Accept delivery in the U.S. within 6-8 weeks (if you live on the East coast) or 8-10 weeks (if you live on the West Coast)

BMW also includes a nice perk where you can pick up your car in the U.S. at the BMW Performance Driving school in South Carolina and learn how to race on their track like a pro.

Program Details by Manufacturer

Manufacturer WebsiteMy ReviewsPrice DiscountPick-up LocationAirfareHotel
BMWBMW European Delivery Analysis5% off MSRPMunich, GermanyNot includedNot included
MercedesMercedes European Delivery Analysis7% off MSRP & destination fee waived ($925)Sindelfingen (near Stuttgart), GermanyDelta voucher of $200One night
PorschePorsche European Delivery AnalysisNo discountStuttgart or Leipzig, GermanyNot includedOne night
VolvoVolvo European Delivery Analysis2-10% off MSRPFree @ Gothenburg, Sweden, 9 other pick-up locations (transfer charge, $392-$1447)Round trip tickets for two includedOne night

Manufacturer Program Comparison

So how do the European deals compare to pricing in the States?  In the table below I started out by selecting 5 models around the $50,000 range. I figured that if you’re buying a $500,000 Maybach, you probably don’t care too much about cost, but if you’re looking at cars with one less zero, you might still want to do a little comparison shopping.

After I selected a few models, I went to Edmunds to find out what they suggest is a good target price in the States if you were to haggle with local dealers without picking up overseas.  Then I compared that to the European Delivery deals with and without travel perks.  Savings are calculated based on estimates of $700/roundtrip flight and $150/night at a hotel.  Perks like meals, factory tours, are international insurance are not included in these numbers.

ModelMSRPEdmunds True Market ValueDestination FeeTotal Expected U.S. PriceEuropean Delivery % SavingsEuropean Delivery PriceEuropean Travel SavingsEuropean Delivery Price + Travel Savings
2019 BMW 530i Sedan$53,400 $50,678 $995$51,673 5.00%$50,730 $ -$50,730
2019 Mercedes GLC Coupe$47,300 $44,573 $995$45,568 7.09%$43,945 $350$43,595
2019 Porsche Macan SUV$49,900 $47,936 $1,250 $49,186 0.00%$49,900 $150$49,750
2020 Volvo XC90 SUV$48,350 $47,625 $995$48,620 9.00%$43,999 $1,550 $42,449
*I do not guarantee the accuracy of the prices or promotional details quoted above.

My Analysis

  • My Analysis of European Delivery programsAll manufacturer programs except for Porsche are a better deal to pick-up overseas.
  • Most travel perks have been scaled back and those perks’ dollar value is nominal with the exception of Volvo’s travel package.  Although it should be noted that the value of the travel experience is exceptional for all programs.
  • The winner for best bargain is Volvo.  They are the only European manufacturer to still offer a full travel package.  Most programs used to offer two round trip tickets and hotel accommodations, but now only Volvo offers both.

Other Considerations

  • Be sure to make sure the total price of the car (with discount + vacation) is less than what you can negotiate for each separately.  If it’s cheaper to buy the car locally and rent a nice car overseas, save yourself the extra paperwork.
  • Most programs cover European fees and freight, but check for an extra charge for delivery from the U.S. drop-off to your home city
  • Most programs cover international vehicle insurance and registration for 15 days (about a $200 value). If you plan on staying longer coordinate extra insurance with your local dealer before you go. U.S. and Canadian insurance coverage is not valid in Europe.  If you don’t have insurance during your trip, your car could be confiscated when you cross an international border.
  • Most programs have 10-20 international drop-off locations, but coordinate in advance where you will be leaving your car when your vacation is over.
  • Do not plan to leave any personal belongings in your car as they might not make it back to the States and are not insured (even though the car is).
  • Ensure vehicle is cleaned before handing over for transport. If the car is dirty, the shipping company may refuse to load the vehicle or the EPA will steam clean the car at your expense.
  • Some programs offer the ability to buy a non-U.S. specification vehicle.  That means you may be able customize your car with some options that are only available in Europe.

Would you consider flying to Europe to pick up your next car?

European Delivery Infographic
European Delivery Program Comparison (infographic)

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Frequently Asked Questions

Programs typically include a discount on car price, a European travel package, factory tour, international car insurance, and free car shipment to the States.  See the full details for all European Delivery programs.

All manufacturer programs except for Porsche are a better deal to pick-up overseas. See a full price comparison between US pick-up and European delivery.

The best value in a European delivery package goes to Volvo.  View Volvo’s program details and the runners-up.

The Audi European car delivery program was discontinued at the end of 2018.

No, Volkswagen does not offer European delivery.

The Ultimate Guide to Car Discounts for Teachers and Educators

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

how to qualify for a teacher car discountTo 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.

MakeProgram NameSpecial Offers & DiscountsEligibility & RequirementsExpiration
BuickGM Educator DiscountUp to $1,500 off purchase/lease on 2019 or newerCurrent employee of public, private, university, or collegeOngoing
GMCGM Educator DiscountUp to $2,500 off purchase/lease on 2019 or newerCurrent employee of public, private, university, or collegeOngoing
CadillacGM Educator DiscountUp to $5,500 off purchase/lease on 2019 or newerCurrent employee of public, private, university, or collegeOngoing
ChevroletGM Educator DiscountUp to $3,000 off purchase/lease on 2019 or newerCurrent employee of public, private, university, or collegeOngoing



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

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

Here are all the current teacher discounts.

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

Here are all the current teacher discounts.

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.

Here are all the current teacher discounts.

Spouses and dependent children both qualify for the discount.

Here are all the current teacher discounts.

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

Here are all the current teacher discounts.

When is the best month to buy a car?

best month to buy a car

If you have the flexibility, you can find extra savings buying a car at the right time. It’s always a good idea to get prices from several car dealers, but if you time your purchase you can get even bigger savings.

Some months are actually better than others for getting a deal. Here are some factors throughout the year to put in your calendar.

The best month to buy a car is December, with especially good deals during the week between Christmas and New Years.  Dealerships are empty and salesmen need to hit their monthly, quarterly, and year end sales goals.

Months with Holiday Weekends mean dealership events

Six months of the year have holiday weekends like 4th of July and Labor Day. Dealerships know customers have an extra day off on these weekends to go shopping so they create promotions to entice visitors including cash-back deals or special financing.

Many dealerships also have weekend incentives for the salesmen who are able to sell the most vehicles.  This sometimes means they are willing to offer bigger discounts to you in order to reach their company bonus.

On most holidays, dealerships will be open and hungry for car shoppers with the exception of Thanksgiving and Christmas. But in the days following both of those two holidays dealerships typically run big specials that make up for lost time .

September and October have End of Model Year deals

In September and October, many manufacturers are trying to get their old models off the lot to make room for next year’s models. Car buyers always want the latest model, especially if there are significant changes like a new body style, so dealers are under pressure to sell off old models.

Related: Infographic of the best time of year, week, and day to buy a carbest time to buy a car

Wait till salesman get their quotas

Most people are aware that waiting until the end of the month to buy a car is a good strategy because salesmen have monthly sales quota to meet. But did you know that salesmen also have quotas at the end of each quarter as well?

Timing your purchase until the end of March, June, September, and December could mean you catch dealers when they are eager to sell in order to earn a bonus check.

December has End of Year discounts

Car salesman and dealerships also get sales incentives at the end of the financial year. Couple that with the holiday week between Christmas and New Years and you get one of the best weeks of the whole entire year to buy.

When is the worst month to buy a car?

The Spring is the worst time to buy a car for a few reasons.

Warmer weather means people finally get outdoors to do the car shopping they’ve been putting off during the winter.  And in April, some people see tax refunds as a financial windfall that could be spent on big purchases like a new car.  There are also no holiday weekends to drive dealership traffic (except Easter which is not known for car sales).

More car buyers means salesmen don’t need to offer as many deals to entice visits. So March and April are the worst months for deals.

Breakdown of Best Deals by Month

MonthMonth Savings RankKey Dates
JanuaryAverage
FebruaryGoodPresident's Day Weekend
MarchPoorEnd of quarter
AprilPoor
MayBestMemorial Day Weekend
JuneAverageEnd of quarter
JulyGoodFourth of July Weekend
AugustAverage
SeptemberBestLabor Day Weekend + End of quarter
OctoberGoodModel Year End Closeout
NovemberGoodBlack Friday + Cyber Monday
DecemberBestHoliday Week + End of Quarter + End of Year