Tags: best | used | car | deals

This Month's Best Used-Car Deals

By Friday, 08 May 2020 05:10 PM Current | Bio | Archive

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

Deferred payments

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.

© 2020 Newsmax Finance. All rights reserved.


   
1Like our page
2Share
LaurenFix
Many automakers and dealers offer special deals on their CPO vehicles, just as they do on their new cars.
best, used, car, deals
551
2020-10-08
Friday, 08 May 2020 05:10 PM
Newsmax Media, Inc.
 
Newsmax TV Live

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved