Since the Federal Reserve lowered the federal funds rate by a quarter-point on October 29, just a month after the $7500 EV tax credit on leases disappeared, better finance deals have emerged. It's also closeout time for car dealers to make their year-end quotas, and with a $10,000 tax deduction on new-car loans, financing may be your best move. We cover November lease deals separately.
Check Our Auto Loans & Financing Guide
Make sure you first read our Auto Loans & Financing guide. We've covered everything that may get glossed over in the showroom: how to apply, trade-ins, average rates by credit score, and more. The Car and Driver Marketplace also has a finance calculator to help you estimate costs based on the manufacturer's loan terms.
BMW and Mercedes aren't as generous with their interest rates as BMW, at least on these five popular models. Even better is that the 0.9 percent rate applies to every trim including the M Performance, so an M340i, X5 M60i, or the i4 M50 (pictured) see the savings. BMW also takes $2000 off the X5 and i4 and $1000 off the 3-series, X1, and X3 if you owned or leased any BMW within 12 months. Other BMW models can be financed at 1.99 percent.
Chevy's "Red Tag" event applies to four models (including 2025 model years except for the Trailblazer). The Equinox EV extends the zero percent interest out to 60 months and includes a $1250 rebate for anyone in a 2011 or newer non-GM vehicle. The Silverado 1500 and Equinox EV also have a Costco member rebate of either $1000 or $1250.
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