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deals of the week

There are two primary types of incentives typically used by auto makers to entice new car shoppers: cash rebates and discounted interest rates. However, these two types of incentives are often mutually exclusive, as rebates are commonly available only to buyers who purchase with cash and forgo discounted financing options.

The ability to finance new vehicles with zero interest loans has helped attract many new buyers with more affordable monthly payments. To illustrate the potential savings, the interest paid on a $35,000 loan amortized over 60 months at 3.99 per cent is $3,665 according to this auto loan payment calculator. The interest avoided with zero per cent financing combined with a stackable finance rebate in the thousands of dollars represents even more savings.

That said, there are a number of pitfalls to avoid with zero per cent financing deals which can end up costing you more in the long run if you forgo a big cash rebate to qualify. We explain when to avoid zero per cent financing in this previous Globe Drive article.

In the meantime, here are our favourite deals featuring zero per cent financing that can indeed be combined with rebates:

Nissan

2016 Nissan Rogue

Standard equipment on the 2016 Rogue includes an infotainment system with 5-inch display, NissanConnect with Mobile Apps and push-button start. A third-row fold-flat bench seat and all-wheel-drive are also available on select trims. Cash purchasers can take advantage of a $2,500 manufacturer incentive on the 2016 Rogue S AWD, while finance and lease customers are eligible for a $1,000 manufacturer incentive. Financing for up to 60 months is available at zero per cent and leasing for 48 months is available at 0.49 per cent.

2016 Nissan Rogue S AWD

  • MSRP: $26,948
  • Manufacturer incentive: $2,500
  • Estimated dealer discount: $500
  • Freight, PDI, government fees: $1,935
  • Cash purchase price before tax: $25,883
  • Finance for 60 months at zero per cent interest for $516 per month including tax (includes a $1,000 manufacturer incentive applied before tax and assumes zero down payment)
  • Lease for 48 months at 0.49 per cent interest for $349 per month including tax (includes a $1,000 manufacturer incentive, assumes a 20,000 annual kilometre allowance and zero down payment)

GM

2016 GMC Acadia

Available in front or all-wheel drive, the 2016 Acadia offers seating for up to 7 along with built-in Bluetooth technology and OnStar telecommunications service. The Acadia is powered by a 3.6-litre V-6 engine capable of outputting 281 horsepower. Cash purchasers can take advantage of a $4,000 manufacturer incentive on the 2016 Acadia (as compared to zero in June). Finance customers are eligible for a $2,000 rebate (as compared to $1,000 in June) while lease customers may qualify for a $1,000 rebate. Financing for up to 84 months and leasing for up to 48 months are both available at zero per cent.

2016 GMC Acadia SLE-2 4WD

  • MSRP: $43,920
  • Manufacturer incentive: $4,000
  • Estimated dealer discount: $1,500
  • Freight, PDI, government fees: $2,279
  • Cash purchase price before tax: $40,699
  • Finance for 60 months at zero per cent interest for $804 per month including tax (includes a $2,000 manufacturer incentive applied before tax and assumes zero down payment)
  • Lease for 48 months at zero per cent interest for $631 per month including tax (includes a $1,000 manufacturer incentive, assumes a 20,000 annual kilometre allowance and zero down payment)

Hyundai

2016 Hyundai Sonata

The 2016 Sonata features heated front seats, hands-free Bluetooth and 5-inch touch screen display with rear-view camera as standard equipment. Cash purchasers can take advantage of a $3,000 manufacturer incentive on the 2016 Sonata (as compared to $1,898 in May) while finance and lease customers are eligible for a $2,000 rebate (as compared to $1,898 in May). Financing for up to 60 months is available at zero per cent and leasing for up to 60 months is available at 0.99 per cent.

2016 Hyundai Sonata GLS Special Edition

  • MSRP: $27,849
  • Manufacturer incentive: $3,000
  • Estimated dealer discount: $1,000
  • Freight, PDI, government fees: $1,935
  • Cash purchase price before tax: $25,784
  • Finance for 60 months at zero per cent interest for $504 per month including tax (includes a $2,000 manufacturer incentive applied before tax and assumes zero down payment)
  • Lease for 48 months at 0.99 per cent interest for $349 per month including tax (includes a $2,000 manufacturer incentive, assumes a 20,000 annual kilometre allowance and zero down payment)

Mitsubishi

2016 Mitsubishi Outlander

The 2016 Outlander features LED tail lamps, integrated Bluetooth technology and heated front seats as standard equipment, while all-wheel-drive and third-row seats are popular options. Cash purchasers can take advantage of a $3,000 manufacturer incentive on the 2016 Outlander (as compared to $2,500 in June), while finance customers are eligible for a $1,500 rebate and lease customers may qualify for a $2,000 rebate. Financing for up to 60 months and leasing for up to 48 months are both available at zero per cent. Customers can also take advantage of Mitsubishi’s “2 Months On Us” promotion, where they will be reimbursed 2 monthly, 4 bi-weekly or 8 weekly loan or lease payments up to a maximum of $1,000 including taxes.

2016 Mitsubishi Outlander ES All Wheel Control CVT

  • MSRP: $27,998
  • Manufacturer incentive: $3,000
  • Estimated dealer discount: $750
  • Freight, PDI, government fees: $1,840
  • Cash purchase price before tax: $26,088
  • Finance for 60 months at zero per cent interest for $520 per month including tax (includes a $1,500 manufacturer incentive applied before tax and assumes zero down payment)
  • Lease for 48 months at zero per cent interest for $406 per month including tax (includes a $2,000 manufacturer incentive, assumes a 20,000 annual kilometre allowance and zero down payment)

Andrew Tai is CEO of Unhaggle.

Pricing and calculations are based on Ontario customers and subject to availability of inventory. Please note that while the information above is accurate at the time of publication, pricing, incentives, and discounts may vary and are subject to change or discontinuation at any time. Dealer discounts are estimates and may be given at the discretion of individual dealers. Consult your local dealership for details.

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