CPO Deals: April 2017
If you don't want to spend too much on a new car -- but you're concerned about the potential repair bills often associated with used vehicles -- a certified pre-owned vehicle might be the right choice for you. That's because CPO vehicles tout a big discount compared to new cars -- and they include a long, manufacturer-backed warranty for increased peace of mind. Better yet, many automakers offer CPO deals and special offers to help entice buyers further. To show you what we mean, we've rounded up a few of the top offers available in April on some of our favorite models and a few of the top certified pre-owned programs.
Acura's certified pre-owned program is among our favorites, as it offers powertrain coverage for up to seven years or 100,000 miles from the original sale date -- along with an extra year of bumper-to-bumper protection. Meanwhile, the MDX crossover is highly popular for its roomy interior and luxury equipment. In April, shoppers interested in a certified pre-owned MDX can get a great deal: Acura is offering certified pre-owned versions of the crossover with interest as low as 1.9 percent for up to 36 months -- a great deal for a used model.
Audi's certified pre-owned program is among the best on the market, as it offers comprehensive coverage for up to six years or 100,000 miles from a car's original sale date -- not just powertrain coverage. While Audi models aren't routinely available with incentives or special offers, drivers interested in a certified pre-owned version of Audi's full-size (and technologically advanced) A8 luxury sedan can get a good deal this month: Audi is offering up to $1,000 cash back on certain certified pre-owned A8 models through the end of April.
BMW's excellent certified pre-owned warranty offers up to six years or 100,000 miles of bumper-to-bumper coverage for most of its vehicles. Meanwhile, the BMW i3 is a plug-in electric car or hybrid vehicle (depending on which version you choose) with highly modern styling, both inside and out. This month, BMW is offering an excellent deal for shoppers looking to get an i3 with the brand's certified pre-owned warranty. The best deal is for qualified shoppers looking to finance a certified pre-owned i3, as BMW is touting 0.9 percent interest for up to 72 months -- an unusually low rate for the automaker. Meanwhile, drivers looking to pay in full can also get a good deal, as BMW is offering up to $1,000 cash back on certified pre-owned i3 models.
The midsize Cadillac SRX is a popular luxury crossover, offering a smooth ride, a modern interior and a good level of modern technology. Meanwhile, Cadillac's CPO program offers good terms -- including a comprehensive, bumper-to-bumper warranty that covers vehicles for up to six years or 100,000 miles from the original sale date. For shoppers interested in combining the benefits of an SRX with the excellent CPO warranty, Cadillac is offering a strong deal this month: The automaker is boasting 2.9 percent interest for up to 60 months on all certified pre-owned SRX models -- a great deal for any used vehicle, and especially one with a long, manufacturer-backed warranty.
Jaguar's certified pre-owned program is among the best in the industry, as it boasts bumper-to-bumper coverage for seven years or 100,000 miles from the original sale date. In April, it also boasts some excellent incentives if you're interested in the brand's popular midsize XF sedan. Through the end of the month, Jaguar is offering 0.9 percent interest on all certified pre-owned XF models for up to 24 months -- or up to 60 months if you choose a CPO 2014 or 2015 XF. Go with a slightly newer or older model and you can still get rates as low as 1.9 percent for up to 60 months -- highly appealing for a used vehicle with a long warranty.
Kia Sorento and Optima
Kia's certified pre-owned warranty offers 10 years or 100,000 miles of powertrain coverage, making it among the longest warranties in the industry. It also offers one year or 12,000 miles of additional bumper-to-bumper warranty coverage for extra peace of mind. If that sounds appealing, you may want to consider a certified pre-owned version of Kia's midsize Sorento crossover or its Optima sedan. That's because Kia is offering those models with 0.9 percent interest for up to 36 months -- a strong deal for any used car, and especially good for used models with such a long warranty.
Lexus ES and IS
Lexus' "L/CERTIFIED" pre-owned program is among the very best in the entire industry, as it offers something that virtually no other program does: six years of bumper-to-bumper coverage with no mileage limit. While many shoppers likely won't travel enormous distances in their Lexus, the peace of mind is second to none -- and in April, so are the incentives on certified pre-owned versions of the brand's ES and IS sedans. Through the end of the month, Lexus is offering 0.9 percent interest for 48 months on both models -- an excellent deal, considering the fact that they're used cars, and that they come with Lexus' amazing warranty.
Subaru's certified pre-owned program is a favorite. Although it doesn't include any additional bumper-to-bumper warranty coverage, it touts seven years or 100,000 miles of powertrain protection from the original sale date -- along with no deductible for repairs. And in April, Subaru's CPO program offers another reason it deserves your consideration: Through the end of the month, qualified shoppers interested in a certified pre-owned Subaru model can get 0.99 percent interest for up to 36 months -- a new-car interest rate on a used vehicle.
What it means to you: If you're interested in getting a lightly used vehicle at a great price -- with a full manufacturer-backed warranty -- our list of April's best CPO deals is a great place to start your search.