Zero percent financing has recently crept back into the auto finance world, with Ford Motor Credit Co. re-offering the subvention loans to select consumers. Also, Mitsubishi Motor Credit of America (MMCA) is offering consumers a new zero interest package with no payments for up to one year.

Credited with boosting auto sales in the fourth quarter of 2001, the move on Ford's part is to regain declining market share. Ford is currently the number-two auto maker in the U.S. Mitsubishi, however, has long offered incentive loans, but this represents the first time the captive has offered no interest for the life of the loan.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.