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deals of the week

When it comes to purchasing a new vehicle, financing – not cash – is king. According to J.D. Power, approximately 54 per cent of all new vehicles were purchased with an auto loan, whereas only 17 per cent were purchased with cash. Leases accounted for the remaining 29 per cent of new vehicle sales in August.

J.D. Power also notes that the average new vehicle finance payment has remained relatively stable from January through August, hovering between $630 and $650 per month. Increasingly competitive incentives and rates offered by automakers have thus far been able to buck the rising benchmark interest rate, but this may not last much longer as 2019 models enter the market in growing numbers over the next few weeks.

While finance offers may not remain at such attractive levels for much longer, car buyers can still take advantage of zero-per-cent financing offers available from select automakers now that also carry additional cash-back rebates.

We’ve featured some of our favourite offers this week from automakers still offering zero-per-cent financing. If you don’t find an offer that suits you, be sure to check out the new Globe Drive Build and Price Tool to see the latest incentives and discounts on any new car, truck or SUV.

2018 Nissan Altima 2.5 SV

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Nissan is currently offering zero-per-cent financing for up to 84 months on select models, including the Altima.

The 2018 Nissan Altima produces 179 horsepower and 177 lb-ft of torque through a 2.5-litre, four-cylinder engine mated to a continuously variable transmission. Notable interior features on the SV trim include a six-speaker audio system with speed-sensitive volume control, SiriusXM radio, Bluetooth connectivity, a rear-view camera and remote engine ignition and climate control. Its exterior includes projector-style headlights, mirror-integrated LED turn signals and active grille shutters for enhanced aerodynamics. The SV trim also comes standard with active safety technology such as intelligent forward-collision warning, intelligent emergency braking, blind-spot warning and rear-cross traffic alert.

  • MSRP: $27,598
  • Manufacturer cash incentive: $4,500 (as compared to $4,000 in August)
  • Estimated dealer discount: $500
  • Freight, PDI, government fees: $1,935
  • Cash purchase price before tax: $24,533
  • Finance for 60 months at zero-per-cent interest (as compared to 1.5 per cent in July) for $537 per month including tax, which includes a $500 manufacturer incentive and assumes zero down payment
  • Lease for 48 months at 1.9-per-cent interest for $413 per month including tax, which includes a $1,500 manufacturer incentive and assumes a 20,000 annual kilometre allowance with zero down payment

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2018 Mitsubishi RVR SE AWC

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New vehicle shoppers are able to finance nearly all of Mitsubishi’s 2018 models, including the RVR, at zero per cent.

The 2018 Mitsubishi RVR SE is powered by a 2.0-litre, four-cylinder MIVEC engine, which generates 148 horsepower and 145 lb-ft of torque, and is available with All Wheel Control – Mitsubishi’s proprietary all-wheel drive technology. Its key highlights include a seven-inch infotainment system, Android Auto and Apple CarPlay compatibility, heated front seats, a leather-wrapped multifunction steering wheel, automatic headlights, LED daytime running lights and LED tail lights.

  • MSRP: $26,998
  • Manufacturer cash incentive applied before tax: $750 (as compared to no pretax incentive in August)
  • Manufacturer cash incentive applied after tax: $2,000
  • Estimated dealer discount: $500
  • Freight, PDI, government fees: $1,840
  • Cash purchase price before tax: $25,818
  • Finance for 72 months at zero-per-cent interest for $433 per month including tax, which includes a $750 manufacturer incentive (as compared to no incentive in August) and assumes zero down payment
  • Lease for 48 months at zero-per-cent interest for $399 per month including tax, which includes a $750 manufacturer incentive and assumes a 20,000 annual kilometre allowance with zero down payment

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2018 Kia Rio EX Tech Automatic

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Kia is well known for offering zero-per-cent financing for up to 84 months on many models. Currently select Kia passenger cars, including the 2018 Rio, can be financed for zero per cent for up to 60 months.

Redesigned for the 2018 model year, the 2018 Kia Rio sedan features a 1.6-litre, four-cylinder engine that delivers 130 horsepower and 119 lb-ft of torque. The EX Tech trim is equipped with a seven-inch infotainment system with Android Auto and Apple CarPlay compatibility, an integrated navigation system, a rear-view camera, leather seating surfaces, a heated leather-wrapped multifunction steering wheel and an autonomous emergency braking system.

  • MSRP: $23,545
  • Manufacturer cash incentive: $1,750 (as compared to $1,500 in August)
  • Estimated dealer discount: $250
  • Freight, PDI, government fees: $1,725
  • Cash purchase price before tax: $23,270
  • Finance for 60 months at zero-per-cent interest for $452 per month including tax, which includes a $1,000 manufacturer incentive and assumes zero down payment
  • Lease for 48 months at 2.99-per-cent interest for $434 per month including tax and assumes a 20,000 annual kilometre allowance with zero down payment

Get Local Price on Globe Drive

2018 Chevrolet Equinox LT 1.5T All Wheel Drive

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Nearly all 2018 Chevrolet models, including SUVs, pickup trucks, passenger cars and sports cars, can currently be financed for zero per cent interest. For example, the newly redesigned 2018 Equinox can be financed at zero per cent for up to 72 months.

The 2018 Chevrolet Equinox comes standard with a 1.5-litre turbocharged engine that outputs 170 horsepower and 203 lb-ft of torque. Standard equipment on the LT 1.5T trim includes a seven-inch infotainment system with voice-activated radio and phone controls, Android Auto and Apple CarPlay compatibility, remote ignition and climate control, engine start-stop functionality and automatic HID headlights. Also standard on all 2018 Equinox trims is teen driver mode, which restricts certain vehicle features while also monitoring driving habits to encourage safe behaviour.

  • MSRP: $30,900
  • Manufacturer cash incentive: $2,450 (as compared to no incentive in July)
  • Estimated dealer discount: $500
  • Freight, PDI, government fees: $2,244
  • Cash purchase price before tax: $30,194
  • Finance for 60 months at zero-per-cent interest for $587 per month including tax, which includes a $1,450 manufacturer incentive (as compared to 0.99 per cent and $1,000 incentive and in July) and assumes zero down payment
  • Lease for 48 months at 0.5-per-cent interest for $397 per month including tax, which includes a $2,450 manufacturer incentive (as compared to $2,000 in July) and assumes a 20,000 annual kilometre allowance with zero down payment

Get Local Price on Globe Drive

Andrew Tai is CEO of Unhaggle. Follow on Twitter @ahytai

Manufacturer incentives and pricing calculations are based on Ontario customers and subject to availability of inventory. Dealer discounts shown are estimates for illustrative purposes only, may vary by region and are given at the discretion of individual dealers. Please note that while every effort is made to ensure the information above is accurate at the time of publication, pricing, incentives and discounts are subject to change or discontinuation at any time. Vehicle images may not represent the exact model featured in the pricing provided. Consult your local dealership for details.

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