May car shoppers can take advantage of 0% auto loan incentives across several Asian brands, which saves hundreds to thousands of dollars over the life of the loan. Mazda is continuing its no money due at lease signing program for several models in May. Toyota is still offering its complementary maintenance incentive this month.
Honda – Honda has dramatically scaled back its incentives in May. Honda offered the "really big thing" lease program the past two months, with no money due at lease signing on several models. Now, lessees will have to come up with about $1,400 to $3,000 at lease signing. Monthly lease payments range from $149 to $319 for 36 months. Shoppers can buy a 2010 Accord sedan, Accord coupe, Accord Crosstour, Civic sedan, Civic coupe, Insight or Ridgeline with a 0.9% auto loan for 24 to 36 months or 1.9% for 37 to 60 months. *Updated 5-11-10.
Toyota – Toyota is continuing its complementary maintenance program in May for all its models. Toyota’s 0% auto loan rates in May are good on 10 different models. Toyota is offering low monthly lease payments ranging from $119 to $349 on nine models in May, and you’ll need several thousand dollars at lease signing.
Scion, like always, is offering only lease incentives in May. 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 piling on the 0% car loan incentives in May. The 2010 Versa sedan, Versa hatchback, Sentra, Altima, Altima coupe, Maxima, Rogue (pictured below), Murano, Xterra, Pathfinder, Armada, Frontier and Titan can all be purchased with 0% financing, but the length of the loan depends on the model. Buyers can also choose cash back of up to $5,000 instead of the 0% auto loan incentives on certain models. Nissan is offering lease specials on 12 different models in May, with monthly payments ranging from $149 to $479.
Hyundai – Hyundai is offering car loans with 2.9%, 3.9% or 4.9% financing in May on most of its models, depending on the length of the auto loan. The 2010 Sonata is still being offered with a 0% auto loan for 60 months plus $750 in bonus cash. Hyundai hopes to clear out the 2010 Sonatas now that the 2011 Sonata has been released. Hyundai has lease specials on its 2010 Veracruz, 2010 Tucson, 2011 Sonata, 2010 Genesis and Genesis Coupe and 2010 Elantra and Elantra Touring in May, 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’s "free gas for summer" promotion is good on all 2010 models. Buyers will get a prepaid gas card to cover fuel expenses for three months. Suzuki is also offering factory customer cash ranging from $1,000 to $2,000 in May. Suzuki’s Grand Vitara and Equator Extended and Crew Cab can be purchased with 0% financing for 60 months in May. 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 May.
Kia – Kia is offering 0% auto loans for 36 months on its 2010 Soul, Forte, Forte Koup, Sedona and 2011 Sorento. The 2010 Forte, Forte Koup and Sedona also have $500 in bonus cash. Kia has between $500 and $5,000 in cash back incentives in May 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 May. 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 May. Tax, license, title, fees, options and insurance are extra. Mazda also has a $500 owner loyalty bonus in May.
Mitsubishi – Mitsubishi is giving buyers up to $3,500 in factory rebates for certain 2009 and 2010 models in May. Every 2010 Mitsubishi vehicle has a 0% auto loan incentive. Some models also include a $500 factory rebate with the 0% financing incentive. The 2010 Lancer and Outlander have 36 or 48-month lease specials in May as well. Mitsubishi is also offering military and customer loyalty incentives.
Subaru – Subaru is offering buyers 2.9% financing in May 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, college graduate program and low auto loan rates for pre-owned Subaru vehicles in May.
*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.
Did you find this story helpful? If so, check out: Chrysler, GM, Ford Push 0% Auto Loan Incentives in May