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If you don't want to spend big money on a new car, but you're concerned about the potential repair bills often associated with used vehicles, a certified pre-owned (CPO) model might be the right choice for you. That's because CPO vehicles are often lightly used and come at a major discount from the new price -- and they also include a long, manufacturer-backed warranty for peace of mind. Better yet, many automakers offer CPO deals and incentives to help entice shoppers. We've rounded up some of the top offers available this month on a few of our favorite used vehicles and some top CPO programs.
Audi
Audi's CPO program is one of our favorites, as it offers up to 6 years or 100,000 miles of bumper-to-bumper coverage. In January, it also comes with another exciting benefit: Qualified shoppers buying a pre-owned 2013-2015 model can get interest rates as low as 1.9 percent for up to 60 months, a new-car interest rate on a used vehicle.
Cadillac
Cadillac's CPO warranty offers bumper-to-bumper coverage for up to 6 years or 70,000 miles, which is average among luxury brands -- though we like the perks, which include roadside assistance and full warranty transferability to subsequent owners. In January, Cadillac's CPO warranty also boasts another benefit: Qualified shoppers can get 0.9 percent interest for up to 36 months on a pre-owned model. That's a good deal rarely extended to used models.
Hyundai Elantra and Sonata
Hyundai's CPO warranty is the best in the business, as it offers 5 years or 60,000 miles of bumper-to-bumper coverage and 10 years or 100,000 miles of powertrain protection. This month, it also offers something better: an alluringly low interest rate on pre-owned versions of the Elantra and the Sonata, two highly popular Hyundai models. Through the end of the month, qualified drivers interested in a CPO Elantra and Sonata can get 0.9 percent interest for up to 48 months -- a rare deal on a used vehicle.
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Land Rover
Land Rover's CPO warranty is excellent, as it boasts bumper-to-bumper coverage for up to 7 years or 100,000 miles, along with full transferability and no deductible. In January, shoppers interested in a CPO Land Rover also have another reason to consider the brand's models, as the automaker is offering several great low-interest offers. The best deals are on 2013-2015 models: The brand is boasting 0.9 percent interest for 24 months or 1.9 percent for up to 60 months, great deals that apply to nearly all Land Rover models.
Kia Sorento and Optima
Kia's CPO program is one of the best in the industry, as it boasts 10 years or 100,000 miles of powertrain protection and an additional year of bumper-to-bumper warranty coverage once the factory warranty expires. In January, Kia's CPO program is even more alluring for shoppers interested in two of the brand's most popular models, the Sorento and the Optima. That's because Kia is offering them with 0.9 percent interest for up to 36 months, which is an excellent deal that's rarely available even on a new model.
Mazda
Mazda's CPO program is praised as one of the best among mainstream car brands, as it offers two strong warranties. One brings powertrain protection for up to 7 years or 100,000 miles, while another adds an extra year to the original bumper-to-bumper warranty. Both are appealing -- and they're especially enticing in January, as Mazda is offering an extra incentive to qualified shoppers. Through the end of the month, qualified shoppers interested in buying a CPO Mazda can get 1.49 percent interest for up to 36 months, a good deal that's worth investigating despite the short loan term.
Toyota Camry
Toyota's CPO program boasts two alluring warranties: a bumper-to-bumper plan that extends the original factory warranty by 1 year or 12,000 miles and a powertrain warranty that offers up to 7 years or 100,000 miles of coverage. This month, Toyota is sweetening the pot even further with an excellent low-interest financing offer on a pre-owned Camry: Through the end of January, the brand is offering 1.9 percent interest on all CPO Camry models for up to 60 months, an unusually long term with such a low interest rate on a used vehicle.
Volvo
Volvo's CPO program is among the very best, as it offers 7 years or 100,000 miles of bumper-to-bumper coverage. In January, it's even more alluring than usual thanks to a rare special offer from Volvo: Through the end of the month, qualified shoppers can purchase a CPO Volvo with 0.9 percent interest for up to 24 months. While that's a short financing term, it's also a tremendously low rate -- and a rare offer for Volvo's CPO program.
What it means to you: If you're interested in getting a great deal on a lightly used vehicle with a full manufacturer-backed warranty, our list of CPO deals is a great place to start your search.