Low Interest Makes New Cars Good Buys

By KBB.com Editors on April 21, 2009 9:20 AM
Now's a great time to buy a new car if you have a sizeable down payment and good credit, as Toyota, Nissan and Infiniti are all offering zero percent financing on many new cars. Honda has dropped its interest rates to 1.9 percent. General Motors is offering $2000 to current GM owners who buy 2008 or 2009 models. Also, those who borrowed from GMAC to purchase a non-GM product are eligible for a $1,500 rebate. Chrysler is offering up to $6000 cash back on certain models, as well as discounted financing. Toyota recently extended its zero-percent offer through the end of November and added the economical Yaris to the list of a dozen 2008 and 2009 models eligible for zero percent financing. The Nissan and Infiniti zero percent offer is available for only 2008 models. Those with less than perfect credit may have difficulty obtaining these special offers. Also, substantial discounts of up to one-fifth of the vehicles value may be required.