The Best Auto Loan Rates Right Now (June 2024 Updates)

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Last updated Jun 4, 2024

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 June 2024. 

👉 Short on time? We’ve highlighted the best offers in bold. You can also see the top deals this month here.

The Best Auto Loan Rates For New Cars (June 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 June.

Acura Cash and Financing Deals

3.9% APR for up to 60 months: 2024 Acura Integra, MDX, and RDX

2.9% APR for the new electric Acura ZDX

Learn more at Acura.com, or browse listings with local market data

BMW Cash and Financing Deals

bmw financing rates

3.99% APR for 60 months for the BMW i4 electric sedan and iX electric SUV

Learn more at BMWUSA.com

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

See details at buick.com

Browse Buick listings with local market data

Cadillac Cash and Financing Deals

2024 Cadillac XT6 financing deals - luxury SUV deals this month

In June, 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 Silverado financing offers this month - 2024

Chevrolet is offering low APR offers for multiple models in June:

$5,750 cash offer with a trade-in: 2024 Silverado 1500 Crew Cab LT

1.9% APR: 2024 Colorado, Equinox, Blazer, Trailblazer + No payments for 90 days

Learn more at chevrolet.com

See Chevrolet listings near you with local market data.

Chrysler Cash and Financing Deals

In June, Chrysler is offering $5,500 off of the Pacifica PHEV (plug-in hybrid). 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
  • $2,930 cash bonus for 2024 Durango models

Learn more at Dodge.com

See Dodge listings with local market data.

Ford Cash and Financing Deals

f-150 financing deals in 2024

After clearing out the majority of 2023’s remaining inventory in recent months, Ford has pulled back the most aggressive incentives. In June, these are the best cash and financing offers from Ford:

0.9% APR for 60 months: 2024 Mustang Mach-E, 2024 Ford Edge

3.9% APR for 60 months + $500 cash: 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: $6,000 cash allowance with a trade-in

Learn more from GMC.

See GMC listings with local market data.

Honda Cash and Financing Deals

Honda financing deals 2024

In June, Honda and Acura are advertising these financing offers:

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.

Learn more at hyundaiusa.com

Jeep Cash and Financing Deals

This month, these are Jeep’s cash incentives and financing offers:

2024 Grand Cherokee: $5,500 cash offer

2023 Gladiator: Listed at 20% 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 June:

kia financing deals 2024

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)

1.9% APR: 2024 Sportage, Sorento

3.9-4.9% APR on most other Kia models for well-qualified buyers

$9,000 cash offer: 2023 Kia EV6

Learn more at kia.com

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

Lincoln is offering 4.99% APR for up to 84 months for remaining 2023 Nautilus and Corsair.

See Lincoln listings near you.

Mazda Cash and Financing Deals

Mazda finance offers this month - 2024

In June, Mazda has some of the best financing offers today, including zero percent APRs:

0% APR for 36 months: 2024 Mazda CX-30, CX-5, Mazda3

0.9% APR for 60 months: 2024 Mazda CX-90, CX-50

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

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 June 2024:

New 2024 Ram 1500: $4,500 cash offer + Big Horn Package ($3,125 value)

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

2024 Subaru financing offers

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 72 months: 2024 Volkswagen ID.4

0% APR for 60 months: Taos

2.9% APR for 60 months: Atlas, Jetta

See Volkswagen listings near you

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9 Comments

  1. Amy Bamerick

    I’ve owned my 2015 Nissan murano SL since March 2016 I bought it with 8,000 miles. I’ve taken great care of it, followed the manual service schedule, the car still looks new. It has 128000 miles, with no mechanical issues. I’ve gotten a online appraisal from west herr in Lockport NY 11,500 I got an email from Victor telling me please call him, he thinks he might get me even more. When I called he wasn’t working, his partner told me to take it to our local west herr dealership for in person appraisal. When I went there I was told kbb NOT the same appraisal from dealer site offered 7,000.00 when I refused I showed them the screen shot and Victor’s email. They told me your car isn’t worth 11,500 to us. Your car shows it had THREE accidents.. ive never had even one. Is it possible for a dealer to add an accident? I think west herr added an accident because now every online appraisal says I have accidents when it never said that before.
    Today I got an appraisal from JD Powers showing a dealer would sell my car for 16-17,000 & trade on a rough is 11,500 and up to 14,000 on good condition which mine is.
    Dealers are crooks, I don’t need a car I want a car. My way or no sale
    Can dealers add fake accident reports to low ball their appraisal?

    Reply
    • Jeremy David Breaux

      Its Car Fax. Worst company in the world. They generate false reports and when you call their BS they say they can’t reveal their sources. Carfax is a criminal org. I have access to the actual data streams and I can say BEYOND A DOUBT that Carfax is generating the extra data to “Provide Value” to the dealers who use them to commit fraud.

      Reply
  2. Renee w

    I tried to use your tool to find auto insurance. After I entered all my personal information and I see that I’m about to get my quotes, the next window is to pick from three companies (none of which I’ve ever heard of), and picking one opens another window with more choices…….repeat.

    I just stopped and closed them all. How many of these “companies” now have my info? I trusted that you had a bonafide compare tool. It looks more like a scam to get peoples personal information.

    I’m soooo extremely disappointed. I watch you guys on YouTube all the time and I trusted you!!! Why would you do this?

    You must know how this “tool” works! Or DOESNT! I can’t believe it’s even on your site.

    If you’re really who you portray yourselves as, wanting to help people, and being very transparent, you should really take that pos off your site. It doesn’t mesh at all with who you claim to be.

    Reply
    • Zach Shefska

      Hi Renee, I am sorry to hear about your experience. What page was it on? If you use our http://caredge.com/insurance experience it should not do that. Please know you can also call our agents at anytime at 855.786.1144 We truly are here to help, and I am very disappointed in the experience you had.

      Reply
  3. Arthur

    I am looking for used car financing. I have over a 700 score and am looking to finance $30k. I want to get pre-qualified and did at BofA @7.14% for 72 months.
    I tried a credit union, but after some restrictions AKA you must open a checking account or credit card with them to get the best rate which is 6.5% for 72 months. What is a good used car rate nowadays? Not CPO or dealer?
    All I see on this site is for new car rates unless I missed it. Thank you

    Reply
    • Justin Fischer

      Hi Arthur. This page is for new car rates, but you can see our latest update that includes used car rates here. The average is now 14%, which is the highest in 20 years. A good used car rate would be as low as you can qualify for below that. We recommend pre-qualifying with credit unions or community banks to see what you qualify for: https://caredge.com/guides/car-loan-rates-in-2023

      Reply
  4. Jorge

    As negotiating power, can we assume that the dealership financing office could offer their low APR financing incentive rates on other vehicle models that are not being promoted? For example if Ford is offering 2.9% APR for a Bronco, but you’re purchasing an Expedition, could you try to negotiate the finance manager to offer that same 2.9%, or something close, on the Expedition? This is assuming you have excellent credit, of course?

    Reply
  5. Joel

    Are dealerships able to negotiate the dealer financing to lower APR’s in order facilitate a sale for the vehicle? Like if they’re only offering a 5.99% APR for a specific vehicle, but you have amazing credit and are like…”if you can lower that to 2.99%, then I’ll buy the car today. Are they able to do that? Assuming you have fantastic credit?

    Reply

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