Ford is offering 0% interest rate financing incentives and high cash back rebates during February. Normally, the no interest car loan incentive is the better choice for buyers, but during February, Ford Focus buyers will save more money by picking the cash back rebate.

The 2011 Ford Focus (shown here), which will be replaced next year with an updated model, is available with a 0% interest rate financing incentive for 60 months plus $500 cash back. The Focus can also be bought with $3,500 cash back during February. The 2011 Focus starts at $16,640, so buyers who pick the interest rate incentive will have monthly payments of $269 a month. Buyers who choose cash back will pay $254 a month with a 6% interest rate for 60 months.

During February, the 2011 Ford Ranger, which will be discontinued soon and not replaced, is available with 0% financing for 60 months plus $1,000 cash back. The 2011 Ranger is also available with $3,500 cash back.

Ford is offering the 2011 Edge with the choice between $2,500 cash back and a low interest rate incentive that ranges from 1.9% for 36 months to 5.9% for 72 months plus $1,000 cash back.

The 2011 Ford Escape is available with a 0% financing incentive for 60 months plus $500 cash back. The 2011 Escape is also available with a $2,500 cash back rebate.

The new 2011 Ford Fiesta is on sale during February with the choice between a $500 cash back rebate and a loan incentive with interest rates from 1.9% for 36 months to 5.9% for 72 months.

During February, the 2011 Ford Flex is available with a $2,500 cash back incentive or a financing deal that comes with rates that range from a 0.9% interest rate for 36 months to 4.9% for 72 months.

The new 2011 Ford Explorer is on sale during February with a $1,000 cash back incentive. The 2011 Explorer is also available with 2.9% financing for 36 months, 3.9% for 48 months, 4.9% for 60 months or 6.9% for 72 months.

Click here to see all February Ford incentives.