Rates are changing, but deals can still be had when financing a new car. Interest rates remain high in 2024, and the lowest APR finance deals are likely to vanish in months to come. If you’re thinking of financing a new car, you’ll want to take advantage of manufacturer incentives to save thousands. These are the best new car finance deals in May 2024.As we approach Memorial Day car sales, we’ll be updating this page with the best of the best.
👉 Short on time? We’ve highlighted the best offers in bold. You can also see the top deals this month here.
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1 The Best Auto Loan Rates For New Cars (May 2024)
1.1 BMW Cash and Financing Deals
1.2 Buick Cash and Financing Deals
1.3 Cadillac Cash and Financing Deals
1.4 Chevrolet Cash and Financing Deals
1.5 Chrysler Cash and Financing Deals
1.6 Dodge Cash and Financing Deals
1.7 Ford Cash and Financing Deals
1.8 GMC Cash and Financing Deals
1.9 Honda/Acura Cash and Financing Deals
1.10 Hyundai Cash and Financing Deals
1.11 Jeep Cash and Financing Deals
1.12 Kia Cash and Financing Deals
1.13 Lexus Cash and Financing Deals
1.14 Lincoln Financing Offers
1.15 Mazda Cash and Financing Deals
1.16 Nissan Cash and Financing Deals
1.17 Ram Cash and Financing Deals
1.18 Subaru Cash and Financing Deals
1.19 Toyota Cash and Financing Deals
1.20 Volkswagen Cash and Financing Deals
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The Best Auto Loan Rates For New Cars (May 2024)
We’ve compiled every manufacturer’s financing incentives below, but these are the BEST loan deals with the LOWEST auto loan rates this month.
- 0% Financing: Mazda CX-30, CX-50, CX-5, CX-90; Kia EV9, EV6, Niro EV, Nissan Ariya and Rogue; Subaru Solterra; Ford Edge; VW Taos
- 0.9% APR: GMC Terrain, Honda Ridgeline, Kia Sorento, most Buick models
- 1.9% APR: Chevrolet Silverado 1500, Equinox, Blazer, Trailblazer; GMC Canyon, Sierra 1500, Acadia; Kia Sportage and Sorento
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Let’s dive into every automaker’s financing and cash offers for May.
BMW Cash and Financing Deals
3.99% APR for 60 months for the BMW i4 electric sedan and iX electric SUV
See BMW listings with local market data.
Buick Cash and Financing Deals
0.9% APR for the 2024 Buick Encore GX and 2024 Enclave
0.9% APR for remaining new 2023 Enclave, Envision, Encore GX
$3,500 purchase allowance for remaining 2023 Envision AWD models
Browse Buick listings with local market data
Cadillac Cash and Financing Deals
In May, Cadillac has these cash and APR offers for new cars:
3.9% APR for 48 months plus $500 cash allowance for the 2024 XT4
3.9% APR for 48 months + $1,500 cash offer for the 2024 XT5, and XT6
See Cadillac listings with local market data.
Chevrolet Cash and Financing Deals
Chevrolet is offering low APR offers for multiple models in May:
$7,750 customer cash for remaining 2023 Silverado 1500 Crew Cab LT w/TurboMax
1.9% APR: 2024 Silverado 1500, Equinox, Blazer, Trailblazer + No payments for 90 days
See Chevrolet listings near you with local market data.
Chrysler Cash and Financing Deals
In May, the only active offer is $3,000 off of remaining 2023 Pacifica Plug-In Hybrids, and $750 off of the 2024 Pacifica PHEV. Chrysler is not advertising any APR offers at this time. See Chrysler listings near you with local market data.
Dodge Cash and Financing Deals
These are Dodge’s cash and financing offers this month:
- Up to $3,750 cash allowance for 2023 Chargers and Challengers
- $3,600 cash bonus for 2024 Durango models
See Dodge listings with local market data.
Ford Cash and Financing Deals
After clearing out the majority of 2023’s remaining inventory in recent months, Ford has pulled back the most aggressive incentives. In May, these are the best cash and financing offers from Ford:
0% APR for 60 months for the 2024 Ford Edge
4.49% APR for 60 months: 2024 Ford F-150
See Ford listings with local market data.
Learn more at Ford.com.
GMC Cash and Financing Deals
This month, GMC has a few financing offers:
0.9% APR + $1,500 cash allowance: 2024 GMC Terrain
1.9% APR: 2023 and 2024 Canyon, GMC Sierra 1500, GMC Acadia
Sierra 1500: $3,250 cash allowance with a trade-in
Learn more from GMC.
See GMC listings with local market data.
Honda/Acura Cash and Financing Deals
In May, Honda and Acura are advertising these financing offers:
Acura: 2.9% APR (ALL NEW ZDX electric SUV), 3.9%-4.9% APR for all other models. See details at Acura.com
Honda Ridgeline: 1.9% APR for 36 months
Honda CR-V, Passport, Prologue EV: 2.9%-4.9% APR
Honda Accord, Civic, CR-V Hybrid, HR-V, Odyssey: 3.9%-4.9% APR
See Honda listings with local market data.
Hyundai Cash and Financing Deals
Right now, Hyundai APR offers are less than stellar:
0.99% APR: Kona Electric
2.89-2.99% APR: Elantra, Sonata,
3.99% APR: Tucson, Palisade, Santa Cruz
5.49% APR: Redesigned Hyundai Santa Fe
Hyundai is offering cash savings for multiple models: 2024 Palisade ($1,250), 2024 Santa Cruz ($2,500), 2024 Tucson ($2,000), 2024 Elantra ($1,000)
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See Hyundai listings with local market data.
Jeep Cash and Financing Deals
This month, these are Jeep’s cash incentives and financing offers:
2024 Grand Cherokee: $5,500 cash offer, 6.9% APR for 72 months
2023 Gladiator: Listed at 7% below MSRP
Wrangler 4xe and Grand Cherokee 4xe plug-in hybrids: $6,750 cash bonus
There are no advertised APR offers for the Jeep Wrangler currently.
See Jeep listings near you with local market data.
Kia Cash and Financing Deals
Check out the latest Kia offers in May:
Kia is having a hard time selling EVs now that the EV6 and Niro EV have lost the federal tax credit. That’s where the best Kia APR deals are this month:
0% APR for 60 months: 2024 Kia EV6 and Niro EV
0% APR for 48 months: 2024 Kia EV9 (three-row electric SUV)
0.9% APR: 2023 Sorento
1.9% APR: 2024 Sportage, Sorento
3.9-4.9% APR on most other Kia models for well-qualified buyers
$7,500 cash offer: 2023 Kia EV6
See Kia listings near you with local market data.
Lexus Cash and Financing Deals
4.99% APR for 60 months for the Lexus RX
See Lexus listings with local market data.
Learn more about these offers at Lexus.com
Lincoln Financing Offers
3,000 cash offer for remaining 2023 Lincoln Nautilus
Lincoln is offering 4.99% APR for remaining 2023 Nautilus and Corsair.
See Lincoln listings near you.
Mazda Cash and Financing Deals
In May, Mazda has some of the only zero percent financing offers today:
0% APR for 36 months: 2024 Mazda CX-50, CX-30, CX-5, CX-90
See Mazda listings near you with local market data
Learn more about these offers at MazdaUSA.com
Nissan Cash and Financing Deals
This month, Nissan has great financing deals:
0% APR for 72 months for remaining 2023 Nissan Ariya
0% APR for 36 months for 2024 Nissan Rogue
1.9% APR for 60 months for remaining 2023 Rogue models
2.9% APR for 60 months for the following models: 2024 Altima, Pathfinder
*Most other Nissan models are available for under 4.9% APR.
See Nissan listings with local market data
Learn more about these offers at NissanUSA.com
Ram Cash and Financing Deals
Ram has these active cash offers in May 2024:
New 2024 Ram 1500: $2,500 cash allowance
New 2024 Ram 1500 Classic: $4,000 bonus cash
See Ram listings near you with local price data
See details at ramtrucks.com
Subaru Cash and Financing Deals
0% APR for 72 months: Solterra EV
2.9% APR for 48 months: 2023 Ascent
2.9% APR for 72 months: 2024 Outback, Forester
3.9%-4.9% APR for other Subaru models.
See Subaru listings near you with local price data
See which models and trims qualify at subaru.com.
Toyota Cash and Financing Deals
This month, Toyota has these APR deals for well-qualified buyers:
3.99% APR: 2023 Tacoma 4×4, Highlander, RAV4
4.75% APR: 2024 Camry, Corolla
See Toyota listings near you with local price data
Learn more about these offers at Toyota.com
Volkswagen Cash and Financing Deals
0% APR for 60 months: Taos
2.9% APR for 60 months: Atlas, Jetta
See Volkswagen listings near you
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