If you can’t spend a fortune on a new car — but you’re concerned about the potential repair bills for a used car — a certified pre-owned (CPO) model could be the right choice for you. That’s because CPO vehicles are lightly used, and they boast a major discounts from their new prices. Most importantly, they also include long, manufacturer-backed warranties for peace of mind. If that’s not enough to convince you, consider this: Many automakers offer CPO deals and incentives to help entice shoppers — so we’ve rounded up a few of the top offers available in February from a few of the top certified pre-owned programs.
Acura’s certified pre-owned program offers 7 years or 100,000 miles of powertrain coverage from the original sale date, along with an additional year or 12,000 miles of bumper-to-bumper coverage that starts at the conclusion of the initial warranty. And while that may raise your eyebrows, Acura’s certified pre-owned program is even more appealing in February. Through the end of the month, the automaker is offering 0.9 percent interest for up to 36 months on all certified pre-owned vehicles — an excellent deal that rarely extends to used cars.
BMW’s certified pre-owned warranty coverage is among the best, as the high-end German automaker touts bumper-to-bumper coverage for up to 6 years or 100,000 miles from the car’s original sale date — a long duration that’s rivaled only by a handful of other brands. And even better than its impressive warranty coverage, BMW is also offering another benefit through the end of February: a low-interest offer. Through the end of the month, BMW is touting 0.9 percent interest for up to 36 months on certified pre-owned 2013 and 2014 models, which is a better deal than the automaker is offering on most of its new cars this month.
Honda’s certified pre-owned program is among our favorites, as it offers 7 years of powertrain coverage from the car’s original sale date, plus an extra year of bumper-to-bumper coverage on top of the factory warranty. Offered on all Honda models, the CPO warranty is a good choice for drivers looking for a discount on a new car — and it’s an even better deal in February thanks to a few incentives. This month, Honda is offering 1.9 percent interest for up to 36 months on all certified pre-owned Odyssey, Pilot, Accord, and Civic models, essentially touting a new-car deal on used vehicles.
Jaguar’s certified pre-owned program is highly impressive, as it touts 7 years or 100,000 miles of bumper-to-bumper coverage from the original sale date — and it isn’t saddled with any deductible. Drivers can even transfer the warranty to future owners if they sell the vehicle before it expires. Better yet, Jaguar is offering several strong incentives in February: Through the end of the month, the automaker is touting a 60-month term on most 2013 and 2014 models with interest rates as low as 1.9 percent — a figure that jumps to a still-reasonable 2.9 percent for shoppers who would prefer to stretch their financing out over 72 months.
Lincoln’s certified pre-owned program offers 6 years or 100,000 miles of bumper-to-bumper coverage from the original sale date, which is a standout among luxury car brands. In fact, our only gripe with Lincoln’s CPO coverage is its $100 deductible — but we can overlook that in February thanks to an excellent low interest-rate offer from the brand that will keep down expenses for qualified shoppers. That offer boasts 66 months of financing with 2.99 percent interest — a great deal over an especially long term that most drivers won’t usually be able to find on a used vehicle.
Nissan’s certified pre-owned program offers 7 years or 100,000 miles of powertrain coverage from the original sale date — which is a strong figure that keeps it competitive with other warranties. Unfortunately, Nissan’s CPO program doesn’t boast any additional bumper-to-bumper warranty coverage. Still, we’re willing to overlook that considering the excellent deals Nissan is offering on certified pre-owned models: 1.95 percent for up to 36 months on any certified pre-owned vehicle, or 3.95 percent for up to 72 months — both great deals for used vehicles.
Like the CPO programs from Honda and Acura we’ve covered above, Toyota’s certified pre-owned program offers 7 years or 100,000 miles of powertrain protection, along with an additional year or 12,000 miles of bumper-to-bumper coverage at the expiration of the factory warranty. In February, shoppers interested in a certified pre-owned Toyota Corolla can get an even better offer thanks to an excellent low-interest offer from Toyota. That deal boasts 1.9 percent interest for up to 60 months, which is a new-car offer on a used car — and it even extends to the recently released iM hatchback, which was formerly branded a Scion.
Volkswagen’s certified pre-owned program adds 2 years or 24,000 miles of bumper-to-bumper coverage on top of the brand’s original factory warranty, which boasts 3 years or 36,000 miles of bumper-to-bumper coverage. That’s an enticing offer — and Volkswagen makes it even more enticing in February with the addition of a low-interest deal for qualified shoppers. Through the end of the month, drivers interested in a certified pre-owned Volkswagen can get 1.49 percent interest for up to 60 months — a good deal that applies to any certified pre-owned Volkswagen in dealership inventory.
What it means to you: If you’re interested in a great deal on a used vehicle — with all the benefits of a manufacturer-backed warranty — our list of CPO deals is an excellent place to start your search.