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April Foreign Incentives Feature Low Lease Payments and 0% Auto Loans

By Liz Opsitnik
Monday, Apr 05 2010 12:31

April car shoppers will find lease incentives from Honda and Mazda that entice shoppers with no money due at lease signing. Buyers can also take advantage of low auto loan rates in April across the Asian brands. Toyota and Honda both have extended their unusually generous incentives through April.

Honda - Honda has continued its "Really Big Thing" sale through April. The sale features leases on several models with no down payment, no security deposit, no first month's payment and nothing due at lease signing. You'll still have to come up with tax, title and fees. The offer is good on the Accord, CR-V, Civic, Element, Fit, Insight, Odyssey, Pilot and Ridgeline.

Toyota - Toyota is extending its March incentives through April, offering consumers 0% auto loans, low lease rates and complementary maintenance. Toyota's 0% auto loan rates in April are good on 11 different models. Although Toyota is offering low monthly lease payments ranging from $119 to $349 on nine models in April, unlike Honda, you'll need several thousand dollars at lease signing. Only the Yaris has a $1,000 cash back offer in April.

Scion, like always, is offering only lease incentives in April. The xB, tC and xD can be leased for $217 to $266 per month for 36 months. You'll need about $900 at lease signing.

Nissan - Nissan is offering buyers 0% car loans in April on most of its models or cash back incentives. For example, the 2010 Altima can be purchased with 0% financing for 36 months, or buyers can choose $1,000 cash back. The Murano has the same 0% auto loan incentive for 36 months or $500 cash back. The Nissan Titan truck (pictured below) has a whopping $5,000 cash back incentive in April. A few Nissan models also have lease specials in April, with monthly payments ranging from $179 to $479.

Nissan Titan

Hyundai - Hyundai is offering car loans with 2.9%, 3.9% or 4.9% financing in April on most of its models, depending on the length of the auto loan. The 2010 Sonata has a 0% auto loan offer for 60 months plus $750 in bonus cash. Hyundai has lease specials on its 2010 Veracruz, 2010 Tucson, 2011 Sonata, 2010 Genesis and Genesis Coupe and 2010 Elantra and Elantra Touring in April, with monthly payments ranging from $159 to $399. Hyundai is also offering customer cash back of up to $2,500 on several models.

Suzuki - Suzuki is offering factory customer cash ranging from $1,000 to $2,000 this month. Suzuki's Grand Vitara and Equator Extended and Crew Cab can be purchased with 0% financing for 60 months in April. All other 2010 models can be purchased with 1.9% auto loans for 60 months or low lease payments for 36 or 48 months. Suzuki is also offering $500 each in owner loyalty, military and graduate incentives as well in April.

Kia - Kia is offering 0% auto loans for 36 months on its 2010 Soul, Forte, Forte Koup, Sedona and 2011 Sorento. Kia has between $500 and $5,000 in cash back incentives in April as well. The cash back can't be combined with the low APR offer. Shoppers can lease the 2010 Forte, Forte Koup and Soul for 36 months with about $2,300 due at lease signing and monthly payments less than $180. The 2011 Sorento can be leased for $239 a month for 36 months with $2,700 due at signing.

Mazda - Mazda is offering 0% auto loans on the 2010 Mazda3, Mazda5, Mazda6, CX-7, CX-9 and Tribute in April. The Mazda5 and Mazda6's 0% car loan incentive also includes $500 in customer cash. Leasing shoppers can still take advantage of 42-month leases with no money due at signing, no first month's payment, no security deposit and no down payment on certain models in April. Tax, license, title, fees, options and insurance are extra. Mazda also has a $500 owner loyalty bonus in April.

Mitsubishi - Mitsubishi is giving buyers up to $3,500 in factory rebates for certain 2009 and 2010 models in April. Every Mitsubishi vehicle has a 0% auto loan incentive. Although most 0% offers are only for 36 or 48 months, the 2010 Galant, 2009 Eclipse and Eclipse Spyder can be purchased with a 0% interest car loan for a lengthy 72 months. The 2010 Lancer and Outlander have 36 or 48-month lease specials in April as well. Mitsubishi is also offering military and customer loyalty incentives.

Subaru - Subaru is offering buyers 2.9% financing in April on all its models. If you prefer leasing, Subaru has lease specials on all its models as well for 36 or 42 months. Monthly lease payments range from $179 to $389. Subaru also has a cabin air filter rebate, free vehicle inspection and college graduate program in April.

*Some incentives listed are for the Southeast region. Check the automaker's Web site to search for incentives in your area, as they may be different depending on where you live.

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Confused or unsure about some of the car loan terms used in the article? Click here for our Auto Loan Glossary.



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