0% financing and a $500 rebate available on many 2012 Fords

Ford oval badge on red car hood

Ford has one of the best 0% financing deals of the new model year on 2012 cars and small sport-utility vehicles.

You can get a free loan for up to 60 months on the midsize Fusion sedan or Escape SUV, and up to 36 months on the compact Focus and full-size Taurus.

In most parts of the country, you could also qualify for $500 in bonus cash toward your purchase.

We believe 0% financing is the best discount you can get on a car or truck.

That's true even when the average cost of 36- to 60-month new car loans is right around record lows of 5.2% to 5.3%, according to our most recent survey of major lenders.

The Escape, for example, starts at $22,265 including destination charges.

If you financed that amount at 0% for five years, the monthly payment would be $371.

But take out a 60-month loan at 5.34%, and your payments rise to $424 a month.

So taking advantage of 0% interest could shave $53 from your monthly payments, and you would save over $3,100 in interest charges over the loan term.

Use our auto loan calculator to determine the monthly payments on any financing deal.

The 0% financing deals are only offered through Ford Credit to buyers who take new retail delivery from dealer stock by Jan. 3, 2012.

Although these loans are available nationwide, details may vary depending on where you live.

You’ll probably need a FICO score of at least 670 to qualify, and a down payment may also be required.

If you’re in the hunt for a new auto, use our 5 simple steps to the best deal on a new car or truck.

In addition, search our database of the best auto loan rates from scores of other lenders in your area. It can help you score an affordable loan if you decide to buy a car that's not qualified for discount financing.

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