Last week we covered new-car rebates and incentives. Many of you asked about used-vehicle deals.
Many automakers and dealers offer special deals on their certified pre-owned (CPO) vehicles, just as they do on new cars.
They understand that people may be facing difficult financial times. They are offering extra savings through cash-back or low-interest financing offers, as well as deferred payments for several months.
Why Certified Pre-owned Cars Can Be a Great Choice:
- Certified pre-owned vehicles are rigorously vetted.
- Certified pre-owned vehicles come with generous warranty coverage.
- Certified pre-owned vehicles come with appealing perks.
Which Automakers Have May’s Best Used-Car Deals?
These are good deals compared to the average used-car interest rates, which are around 5.26% for a short 36-month loan, according to Bankrate.com.
3.29% and Higher Financing Deals
Lincoln is offering 3.29% financing on its CPOs, the top-of-the-line Black Label models, are 1.9% financing. Expires: June 30
2.9% Financing Deals
Cadillac: 2.9% financing for 60 months on most CPO models
Expires: June 30
Honda: 2.99% financing for 36 months on select CPO models. Expires: June 1
Toyota: 2.9% financing deals on most CPO models. Expires: July 6
1.9% Financing Deals
Nissan: 1.99% financing for 60 months on most CPO vehicles
Another deal: $450 cash back on select Nissan CPO models. Expires: June 1 (financing), June 30 (deferred payments)
Volvo: 1.99% for 72 months on select models
Maserati: 1.9% financing for 60 months on most Maserati CPO models. Expires: June 1
Lexus is offering as low as 1.9% financing for up to 60 months on select CPO models. Some are higher. Expires: June 1
Mercedes-Benz has a rate of 1.99% for up to 36 months on many CPO vehicles. Expires: June 1
Ford: 1.99% financing for 36 months on select Ford CPO models. Expires: June 30
0.9% Financing Deals
BMW: 0.9% financing for 60 months on select CPO models
Deal: $500 or $1,000 cash back, depending on model. Expires: June 1st
Infiniti: 0.99% financing for 60 months or 2.99% for 72 months on most Infiniti CPO models.
Expires: June 1 (financing), June 30 (deferred payments)
Acura: 0.99% financing for 36 months and 1.49% for 60 months on. Expires: June 1
Subaru: 0.99% financing for a limited term on select CPO models
Expires: June 1
Jaguar and Land Rover: 0.9% financing for 24 months or 1.9% financing for 36 months on most Jaguar /Land Rover CPO models. Expires: June 1
0% Financing Deals
Volkswagen has the best used-car deals this month, with 0% financing rates for 60 months and zero down on select CPO models. Zero-interest used car incentives are almost unheard of, especially with no money down.
Expires: June 30
BMW, Infiniti, Lexus, Mazda, Mercedes-Benz, Nissan, and Toyota are offering no payments for the first three months.
Remember that your credit score will impact the offer as your insurance rates.
Disclaimer: I’ve been guiding people to good vehicle deals for over 30 years. I’m not a car salesperson, I’m the Car Coach. Our goal is to give people Car Smarts and love their ride. I don’t make a commission, I’m just here to help you.
Lauren Fix, The Car Coach® is a nationally recognized automotive expert, media guest, journalist, author, keynote speaker and television host. Post your comments on Twitter: @LaurenFix or on her Facebook Page.
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