If you don’t want to spend big money for a new car but you’re concerned about the potential repair bills that might crop up if you buy a used vehicle, a certified pre-owned (CPO) vehicle is very much worth considering. CPO vehicles are lightly used cars that often boast a big discount from the new price, while simultaneously offering a long, manufacturer-backed warranty for peace of mind. Most importantly, many automakers offer CPO deals and incentives to help entice car shoppers. To show you what we mean, we’ve rounded up a few of the top offers available this month on several top certified pre-owned programs and a few of our favorite used vehicles.
BMW’s certified pre-owned program offers one year and unlimited miles of comprehensive-warranty coverage at the end of the original 4-year/50,000-mile factory warranty. It can also be extended for additional coverage. In April, BMW also offers another benefit: Qualified shoppers interested in getting a good deal on a CPO BMW can get 0.9-percent interest for up to 24 months — a short term, but one with a desirable low-interest rate.
Cadillac ATS and Escalade
The Cadillac ATS is a sporty compact sedan or coupe, while the Escalade is a full-size luxury SUV — two vehicles that couldn’t be more different in practice. But through the end of May, they share a bond, as Cadillac is offering certified pre-owned versions of both the ATS and the Escalade with an impressive deal: 2.9-percent interest for up to 60 months, which is a desirable long term for a used-car loan. Cadillac’s CPO program is also appealing, as it touts comprehensive coverage for six years or 100,000 miles from the original sale date.
Jaguar’s certified pre-owned program is among the best in the car industry, as it touts seven years or 100,000 miles of comprehensive coverage from the original sale date — truly excellent peace of mind, and a warranty that’s longer than the new one in some cases. This month, Jaguar is offering several incentives for qualified shoppers interested in financing a Jaguar in order to make its warranty even more appealing. The best deals are for drivers looking to finance a 2015 XF or a 2016-2017 XJ, as Jaguar is offering 0.9-percent interest for up to 60 months. But even for most other models, Jaguar is offering 1.9-percent interest for up to 36 months and 2.9-percent for 60 months — both of which are good deals for pre-owned vehicles.
Land Rover’s certified pre-owned program offers seven years or 100,000 miles of comprehensive coverage from the original sale date, making it one of the top CPO programs in the car industry. This month, Land Rover sweetens the pot with some excellent incentives for qualified shoppers looking to finance a CPO vehicle. The best deal is for drivers looking to finance some specific models — like the 2015 Discovery Sport, LR4 and Evoque — as Land Rover is offering 0.9-percent interest for up to 60 months on those vehicles. But Land Rover is also offering 1.9-percent and 2.9-percent interest for up to 60 months on many other models, meaning there are great deals throughout the brand’s lineup.
Lincoln’s certified pre-owned program offers six years or 100,000 miles of comprehensive coverage from the original sale date. Right now, Lincoln’s CPO program also offers another excellent benefit: Through the end of June, qualified shoppers can get 2.9-percent interest for up to 66 months — an excellent term for a used vehicle, and especially one that’s backed by an excellent CPO warranty.
Mazda’s certified pre-owned warranty offers one year of comprehensive coverage in addition to the factory warranty, along with seven years or 100,000 miles of powertrain coverage. In April, it also offers an impressive incentive for qualified shoppers who pick a certified pre-owned Mazda: 0.9-percent interest for up to 36 months — which is a short term, but an excellent interest rate.
The Mercedes-Benz CPO program offers one additional year of bumper-to-bumper coverage at the conclusion of the factory warranty — though the extra year can be extended further for an extra cost. This month, Mercedes-Benz is offering an excellent incentive for qualified shoppers interested in financing a CPO Mercedes-Benz model: 1.99-percent interest for up to 48 months. That’s a good deal, and it’s available on most Mercedes-Benz models, including the CLA, C-Class, E-Class, GLA, GLE and GL-Class.
The Toyota Camry is a midsize sedan that offers a roomy interior, a comfortable ride and well-known reliability. Still, additional warranty coverage provides excellent peace of mind — and Toyota’s CPO program is good, touting one year of comprehensive coverage and up to seven years of powertrain coverage from the original sale date. In April, Toyota is also offering another reason to pick a certified pre-owned model, and particularly a Camry: 1.9-percent interest on all CPO Camry models for up to 36 months. That’s a good rate — especially when you factor in the warranty.
What it means to you: Start your car search with our list of CPO deals if you’re interested in getting a great deal on a lightly used vehicle — with a full manufacturer-backed warranty for added peace of mind.