You may have heard Nissan dealers in Montana say, "You can get 0% up to 72!" on the radio or TV.

But what do all those mumbo-jumbo numbers really mean?

We're here to tell you why 0% car loans are the best way to buy cars for sale in Billings — and how you can typically get 0% APR financing for up to 72 months on a new car or SUV from Denny Menholt Billings Nissan.

What Does "APR Financing" Even Mean?

First things first — let's define APR financing.

APR stands for annual percentage rate. It signifies the total amount of interest you will pay on your car loan over the course of a year, including any fees associated with your loan.

Don't mistake your APR with your interest rate, which does not include those extra fees. This means your APR is actually a broader (and thus more accurate) understanding of the cost of your loan.

How Do You Calculate APR on Billings Car Loans?

To determine the amount of money you'll pay in interest over the course of a loan, you basically just need to know your interest rate, your principal, and the length of your loan (in months).

Use this illustration from Innovative Funding Services as an example:

Don't want to do all that math yourself? 

Try our free car payment calculator. It will automatically estimate your monthly payment and/or what you can afford based on your budget.

What Is a Good APR on Cars for Sale in Billings?

According to Bankrate.com, the average interest rate for an auto loan is currently between 4% and 5%.

It would be reasonable to believe, then, that a good APR on cars for sale Billings would be anything under 4%.

What if we told you that you could get financing as low as 0% APR? 

It's true. Rare, but true. While most car dealers in Billings won't give you a loan for anything under 5% or 6%, Nissan dealers like us are often ready to offer you 0% on select new Nissans for sale in Billings.

Is 0% APR Too Good to Be True?

Some skeptics will tell you to watch out for 0% car loans for a number of reasons:

1. "They're only given to people with perfect credit."
2. "They require you to make a huge down payment." 
3. "The finance terms are too short to make your monthly payment actually affordable."

Those concerns might be valid at some dealers, but not ours. Here's why:

1. We offer low-interest car loans for all credit situations — even on brand-new vehicles.
2. You often don't have to make a down payment on select vehicles.
3. Our 0% loans are frequently offered for up to 72 months. That means no interest for six whole years!

Why do we do this?

First off, we want to put you in your dream car, no matter what your credit's like. Second, we want to keep making room for new Nissan models, so 0% financing is one quick way to clear a lot of inventory.

It's a win-win for both of us!

For more information on our 0% APR car loans in Billings, please contact our finance department.