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Best 0% APR Deals on Trucks [January 2021 Edition]

best 0 apr truck deals

best 0 apr truck deals Like most businesses across the U.S., truck manufacturers have been hit hard by COVID-19.  Truck sales are way down for the year, so brands are doing whatever they can to find new buyers.  That includes running a bunch of new zero percent APR deals on trucks.

In addition to payment terms up to 84 months, many truck deals come with a cash bonus offer.

Truck dealers have never been more willing to negotiate and buyers can easily find an interest free truck deal on many 2020 and 2021 models.

Not looking for a truck? We compile the top 0% APR deals across all categories of vehicles including SUV’s, luxury cars, coupes, hatchbacks, and more.

Best 0% APR Financing Deals on Trucks

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

YearMakeModelBest Avail. APRLengthCash BonusExpiration
2020NissanTitan0.00%36 months$2,000 2/1/2021
2021ChevroletColorado0.00%72 months$1,150 2/1/2021
2021JeepGladiator0.00%36 months$1,500 2/1/2021
2020HondaRidgeline0.00%24-60 months3/1/2021
2021ChevroletSilverado 15000.00%72 months$2,500 2/1/2021

What to consider before financing a truck

Trucks are great for hauling, towing, and off-roading, but how to pay for one is a big decision.  Before lining up financing to purchase a truck consider the following.

1 - Type of Pickup Truck

Pickup trucks, also known as light-duty trucks, have enclosed cabs and open cargo areas with low sidewalls and a tailgate.   They come in different combinations of body styles and sizes.

Pickup truck body styles

Pickups come in three different body styles which are related to the cab or seating area: regular cab, extended cab, and crew cab.

Regular cab pickups have two doors with a single row of seating and limited to zero space behind the seats.

Extended cab pickups have two doors and a second, smaller row of seating with limited legroom.

Crew cab pickups have four doors and a more spacious second row of seating for comfortably fitting the whole family or work crew.

Pickup truck sizes

Pickups come in a wide variety of sizes, but the three main ones are the midsize pickup, the full-size pickup, and heavy-duty pickups.

Midsize Pickup Trucks are on the smaller end of the spectrum and good for daily use with the versatility to handle off-roading, hauling, and towing when you need it.  Two-wheel drive and four-wheel drive configurations are both available and most have low-range gearing.  Towing capacity ranges from 5,000 to 7,000 pounds.

Midsize trucks start in the mid $20,000 range.

Full-size pickup trucks have cabs that are far off the ground with a large passenger area and come with all-wheel or four-wheel drive to handle the toughest terrain.  In general, a full-size truck will have more power than a mid-sized one with an average towing capacity between 10,000 to 13,000 pounds.

Full-size trucks start in the mid $30,000 range.

Heavy-duty (half-ton, ¾ ton, and one-ton) pickup trucks are great for those with large towing needs like owners of boats and RVs or utility use on tough job sites.   They are roughly the same size as full-sized trucks but are true workhorses with enormous towing capacity anywhere from 17,000 to 37,000 pounds.

Heavy-duty trucks start in the $40,000 to $50,000 range.

2 - Financing terms

Trucks are one of the more expensive classes of vehicle, so before using that APR incentive, take a moment to read the terms.  Most APR deals require you to buy at a certain price with a minimum down payment and you cannot combine with cash back offers.

And if you’re using the truck for business purposes, consider whether leasing might be a better financial option.

3 - Can you qualify for the best interest rate?

Just because the truck manufacturer advertises a low interest rate doesn’t mean you’ll be able to get it.  You invariably must have a great credit score to qualify for the best rates.  Otherwise you might be stuck paying dealer markup and less than optimal rates.  With that in mind, it’s always a good idea to line up your own “back-up financing” online to use as a negotiating chip at the dealership.

How can you get truck financing with bad credit?

If you have poor credit you will likely find it hard to find financing for your new truck at a reasonable interest rate.  Zero or low interest rate truck deals are usually reserved for buyers with a credit score of 700 or higher.

Bad credit loans can add thousands to the overall amount you pay.  So, to reduce what you spend on your truck, consider…

  • Reducing the purchase price by emailing several truck dealers and shopping around for the best offer.
  • Making a large down payment to reduce the outstanding balance of your loan and the amount of your monthly payments.
  • Getting a loan online where you can expect to pay a lower APR than a bad credit loan at the dealership.
  • Leasing the truck instead if you are using it as a utility vehicle for business purposes. If your accountant deems it a qualified business expense, you may be able to write off truck payments.
  • Buying a used truck instead to find something within your budget.

Frequently Asked Questions

What is the cheapest truck to buy right now?

You can often find a truck for around $20,000 - $25,000 before any negotiations. This includes trucks like the Nissan Frontier, Chevrolet Colorado, GMC Canyon, and Ford Ranger.

Who has the best 0% APR deals on trucks?

Brands like GMC, Chevrolet, Ford, and Nissan consistently put out new 0% APR deals each month on their line of trucks.

Is it a good time to buy a truck?

It’s always important to check the latest deals and to shop around, but late October is typically the best time to buy a truck. Specifically, the best days of the week to buy a truck at a dealership fall between Monday and Wednesday.

Can I purchase a truck for my business?

Yes, you can ask your business accountant to help treat the purchase as a business expense. Or contact a fleet manager if you are interested in more than one truck for your business.

What credit score do you need to qualify for an interest free truck deal?

There is no set minimum credit score to qualify for 0% APR financing on a new truck, but most dealerships typically require a credit score of at least 700. Buyers with a score of 720 – 750 (or higher) have a much better chance.