If you don’t want to spend a fortune for a new car, but you’re concerned about the repair bills often associated with used vehicles, a certified pre-owned (CPO) model might be the right choice for you. CPO vehicles boast a big discount compared to new cars, and they come with a long, manufacturer-backed warranty for increased peace of mind. Plus, many automakers offer CPO deals and incentives to entice buyers even further. We’ve rounded up a few of the top deals available this month on some of our favorite vehicles and a few of the top CPO programs.
Acura MDX and RDX
Acura’s CPO program offers an excellent powertrain warranty of up to 7 years or 100,000 miles from the car’s original sale date, as well as an extra year of bumper-to-bumper coverage. In December, shoppers can get 1.9 percent interest for up to 36 months on all CPO models (excluding the TL, TLX and ILX). That means it’s an especially good deal for drivers interested in a new SUV like the popular MDX or RDX crossovers.
BMW 3 Series
BMW’s CPO program offers an impressive warranty featuring 6 years or 100,000 miles of bumper-to-bumper coverage from the original sale date. As if that wasn’t enticing enough, shoppers interested in getting a BMW 3 Series at a discount can also get a great deal in December. Through the end of the month, CPO 2013 or 2014 3 Series models are available with rates as low as 0.9 percent interest for up to 72 months — a new-car incentive on a used model.
Buick’s CPO program offers an additional year of bumper-to-bumper warranty protection, along with 6 years or 100,000 miles of powertrain coverage from the original sale date. While those warranties are appealing on their own, Buick is sweetening the deal this month with yet another incentive. Through the end of December, shoppers interested in a CPO Buick can get 1.9 percent interest for up to 36 months on all models, an especially good deal on a used vehicle.
If you’re interested in a truck or an SUV but don’t want to spend a fortune on a brand-new model, you might want to consider a CPO GMC. Not only are you likely to get a durable vehicle with bold styling, you’ll also get the brand’s impressive warranty, which offers 1 year or 12,000 miles of additional bumper-to-bumper coverage and 6 years or 100,000 miles of powertrain protection from the original sale date. This month, you can also get an impressive incentive: Through the end of December, CPO GMC models are available with 1.9 percent interest for up to 36 months.
The Lexus IS is a sporty rear- or all-wheel-drive sedan with sharp styling and a modern interior. Offered in several varieties, the IS is even more enticing if you get it through Lexus’s excellent CPO program, which offers bumper-to-bumper coverage for 2 years after the expiration of the original warranty, with no mileage limit. Plus, a CPO IS is available this month with an excellent incentive: 0.9 percent interest for up to 60 months for qualified shoppers.
Lincoln’s CPO program boasts 6 years or 100,000 miles of bumper-to-bumper coverage, which places it in good company among high-end luxury brands. In December, Lincoln is also offering another reason to consider its CPO vehicles: a low-interest financing rate. Through the end of the month, qualified drivers looking for a CPO Lincoln can get 2.9 percent interest for up to 66 months — not a bad deal, especially for a used model.
The Mercedes-Benz CPO program offers 1 year of bumper-to-bumper warranty coverage with no mileage limit, and it lets shoppers interested in extending their warranties to do so at an additional charge. While that program isn’t as enticing as CPO programs offered by rival brands BMW and Audi, Mercedes is trying to lure shoppers with some excellent incentives available this month on CPO vehicles. The best deal is on the brand’s E-Class sedan, which is offered to qualified shoppers with 1.99 percent interest for up to 48 months — a deal that also includes 2 years of complimentary pre-paid maintenance.
Although Nissan’s CPO program only offers additional powertrain protection and doesn’t provide any additional bumper-to-bumper coverage, it still boasts an impressive warranty: up to 7 years or 100,000 miles from the original sale date. More importantly, in December, it’s available with an impressive incentive for qualified shoppers. Through the end of the month, drivers looking to finance a CPO Nissan can get interest rates as low as 1.95 percent for up to 36 months on all models — or 2.95 percent for up to 72 months on certain models. The automaker is also offering up to $400 cash back on certain CPO vehicles, a rare and highly enticing cash-back deal.
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 this month, our list of CPO deals is a great place to start your search.