Rates are changing, but deals can still be had when financing a new car. It’s getting more expensive to borrow money, so the lowest APR finance deals are likely to vanish in months to come. If you’re thinking of financing a new car, loan interest rates are on the rise. These are the best new car finance deals in May 2023.
The Best Auto Loan Rates For New Cars (May 2023)
We’ve compiled every manufacturer’s financing incentives below, but these are the BEST loan deals with the LOWEST auto loan rates this month.
- Chevrolet: As low as 0.0% APR for most models.
- Ford: As low as 0.0% APR for most models.
- Honda: APR as low as 0.9% for most models.
- Nissan: As low as 0.0% APR for most models, including the Altima, Rogue, Pathfinder, Titan, Murano LEAF, Versa, Kicks and more.
- Hyundai: As low as 0.0% APR for most models.
- Mazda: As low as 0.0% APR for most models.
- Toyota: As low as 0.0% APR for most models.
Let’s dive into every automaker’s financing offers for May.
Buick Cash and Financing Deals
2023 models
Enclave, Encore GX
Cash rebate: $250-$1000
Finance offer: 3.9-11.7%
Encore, Envision
Finance offer: 3.9-11.7%
BMW Cash and Financing Deals
2023 models
Models: BMW 8 Series, 3 Series, 5 Series, i4, i7, iX, X5, 4 Series, X3
Cash rebate: $0-$3,000
Finance offer: 4.5-13.5% APR.
Models: 2 Series, 7 Series, M2, M3, M4, M5, M8, X1, X2, X3 M, X4, X4 M, X5 M, X6, X6 M, X7, XM, Z4
Finance offer: 4.5-13.5% APR.
Cadillac Cash and Financing Deals
In May, Cadillac has these offers for new cars:
2023 models
XT5, XT6
Cash rebate: $500-$1,000
Finance offer: 3.4-7.8%
CT4, CT5
Cash rebate: $0-$750
Finance offer: 3.4-7.8%
XT4
Cash rebate: $500
Finance offer: 3.4-7.8%
Escalade, Escalade ESV, Lyriq
Finance offer: 3.4-7.8%
Negotiate financing with more leverage when you bring your own outside financing offer from a credit union. Get pre-qualified with CarEdge-approved credit unions today.
See Cadillac listings near you.
Chevrolet Cash and Financing Deals
In May, these are the Chevrolet financing offers:
2023 models
Bolt EUV, Bolt EV
Cash rebate: $1000-$5000
Finance offer: 0-12.8%
Blazer, Equinox, Malibu, Traverse
Cash rebate: $1000-$1250
Finance offer: 0-12.8%
Camaro, Silverado 2500HD, Silverado 3500HD
Cash rebate: $500-$1000
Finance offer: 0-12.8%
Colorado, Corvette, Corvette Z06, Express Cargo Van, Express Passenger, Silverado 1500, Suburban, Tahoe, Trailblazer
Finance offer: 0-12.8%
See Chevrolet listings near you.
Chrysler Cash and Financing Deals
In May, Chrysler has the following financing deals:
2023 models
300, Pacifica, Voyager
Cash rebate: $0-$1000
Finance offer: 7.2%
2022 models
300, Pacifica, Voyager
Cash rebate: $0-$2500
Finance offer: 7.2%
See Chrysler listings near you.
Dodge Cash and Financing Deals
2023 models
Durango, Challenger, Charger, Hornet
Cash rebate: $0-$2500
Finance offer: 7.2%
2022 models
Durango, Challenger, Charger
Cash rebate: $0-$3500
Finance offer: 7.2%
Ford Cash and Financing Deals
In May, Ford is advertising these cash and financing offers:
2023 models
Bronco, Bronco Sport, E-Transit Cargo Van, Edge, Escape, Expedition, Expedition Max, Explorer, F-150, F-150 Lightning, Maverick, Mustang, Mustang Mach-E, Ranger, Super Duty F-250 SRW, Super Duty F-350 DRW, Super Duty F-350 SRW, Transit Van*, Transit Wagon*
Finance offer: 0-9.9%
2022 models
Bronco, Bronco Sport, EcoSport, Edge, Expedition, Expedition Max, F-150, F-150 Lightning, Maverick, Mustang, Mustang Mach-E, Ranger, Super Duty F-250 SRW, Super Duty F-350 DRW, Super Duty F-350 SRW, Transit Cargo Van, Transit Connect Van, Transit Connect Wagon,
Finance offer: 0-7.9%
Learn more about Ford lease deals here.
GMC Cash and Financing Deals
In May 2023, GMC has a few financing offers:
2023 models
Acadia, Terrain
Cash rebate: $500-$1000
Finance offer: 0.9-12.4%
Terrain
Cash rebate: $0-$500
Finance offer: 2.9-12.4%
Canyon, Hummer EV, Savana Cargo Van, Savana Passenger, Sierra 1500, Sierra 2500HD, Sierra 3500HD, Yukon, Yukon XL
Finance offer: 0.9-12.4%
Honda Cash and Financing Deals
In May, Honda is advertising these offers:
Accord (incl. Hybrid), Civic Hatchback, Civic Sedan, CR-V, HR-V, Odyssey, Passport, Pilot, Ridgeline
Finance offer: 0.9-10.7%
Hyundai Cash and Financing Deals
In May, Hyundai is offering as low as 0% APR for several models:
2023 models
Hyundai Nexo
Cash rebate: $0-$25000, Finance offer: 0-9.0%
Ioniq 5
Cash rebate: $0-$3750, Finance offer: 0-9.0%
Santa Fe, Sonata
Cash rebate: $0-$1250, Finance offer: 0-9.0%
Tucson
Cash rebate: $0-$750, Finance offer: 0-9.0%
Santa Cruz
Cash rebate: $0-$1500, Finance offer: 0-9.0%
Elantra, Kona, Kona EV
Cash rebate: $0-$750, Finance offer: 0-9.0%
Venue
Cash rebate: $0-$500, Finance offer: 0-9.0%
Ioniq 6, Palisade, Santa Fe Hybrid, Santa Fe Plug-In Hybrid, Sonata Hybrid, Tucson Hybrid, Tucson Plug-In Hybrid
Finance offer: 0-9.2%, no cash rebate
See Hyundai listings near you.
Jeep Cash and Financing Deals
This month, these are Jeep’s incentives and offers:
2023 models
Grand Cherokee, Grand Cherokee L, Wrangler 2-Door, Wrangler 4-Door
Cash rebate: $0-$4000
Finance offer: 1.9-7.9%
Gladiator, Compass, Cherokee, Renegade
Cash rebate: $0-$3,000
Finance offer: 1.9-7.9%
Grand Wagoneer, Grand Wagoneer L, Wagoneer, Wagoneer L
Finance offer: 1.9-7.9%, no cash rebate
Kia Cash and Financing Deals
2023 models
Kia Niro EV, Stinger
Cash rebate: $0-$2500
Finance offer: 2.9-10.0%
Sorento
Cash rebate: $0-$750
Finance offer: 2.9-10.0%
Forte, Soul
Cash rebate: $0-$500
Finance offer: 2.9-10.0%
K5, Rio, Rio 5-Door
Cash rebate: $0-$300
Finance offer: 2.9-10.0%
Carnival, EV6, Niro, Niro Plug-In Hybrid, Seltos, Sorento Hybrid, Sorento PHEV, Sportage (incl. Hybrid), Sportage PHEV, Telluride
Finance offer: 2.9-10.0%
Lexus Cash and Financing Deal
2023 models
UX
Cash rebate: $0-$750, Finance offer: 4.9-11.9%
ES, GX, IS, LC, LS, LX, NX, RC, RC F, RX, RZ
Finance offer: 4.9-11.9%
Mazda Cash and Financing Deals
In May, Mazda has great financing offers:
2023 models
Mazda CX-9, CX-30, CX-50
Cash rebate: $500-$2000
Finance offer: 0-13.3%
CX-5, Mazda3 Hatchback, Mazda3 Sedan, MX-30, MX-5 Miata, MX-5 Miata RF
Finance offer: 0-13.3%
Nissan Cash and Financing Deals
In May 2023, Nissan has these cash and financing deals:
2023 models
Frontier, Murano, Rogue, Titan, Titan XD
Cash rebate: $0-$500
Finance offer: 0-8.8%
Altima, Ariya, Armada, GT-R, Kicks, Leaf, Maxima, Pathfinder, Sentra, Versa Sedan, Z
Finance offer: 0-8.8%.
Ram Cash and Financing Deals
In May, Ram has these active financing offers:
2023 models
1500, 1500 Classic, 2500, 3500
Cash rebate: $0-$2250
Finance offer: 1.9-7.2%
2022 models
1500, 1500 Classic, 2500, 3500
Cash rebate: $0-$2250
Finance offer: 0.9-7.2%
Subaru Cash and Financing Deals
2023 models
Ascent, BRZ, Crosstrek (incl. Hybrid), Forester, Impreza*, Legacy, Outback, Solterra, WRX
Finance offer: 3.9-6.4%
See which models and trims qualify at subaru.com.
Toyota Cash and Financing Deals
In May, Toyota has these APR deals for well-qualified buyers:
2023 models
Mirai (hydrogen-powered – sold in California only)
Cash rebate: $0-$25,000, Finance offer: 0-11.9%
Tacoma
Cash rebate: $0-$500, Finance offer: 0-11.9%
4Runner, BZ4X, Camry, C-HR, Corolla*, Corolla Cross, Crown, GR86, GR Corolla, Highlander, Prius, Prius Prime, RAV4, RAV4 Prime, Sequoia, Sienna, Supra, Tundra 2WD, Tundra 4WD, Venza
Finance offer: 0-11.9%
Volkswagen Cash and Financing Deals
2023 models
Volkswagen Arteon, Atlas, Atlas Cross Sport, Golf GTI, Golf R, ID4, Jetta, Passat, Taos, Tiguan
Finance offer: 4.9-$11.5%
See Volkswagen listings near you.
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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?
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https://caredge.com/out-the-door-price has out of date data for Oregon fees. Please see https://www.oregon.gov/odot/dmv/pages/fees/vehicle.aspx and https://www.doj.state.or.us/consumer-protection/motor-vehicles/buying-a-vehicle/