If you don’t want to spend big money for a new car but you’re concerned about the potential repair bills often associated with used vehicles, a certified pre-owned (CPO) model is a great option for you. CPO vehicles are lightly used cars that boast a major 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 3 and 4 Series
The BMW 3 Series and 4 Series models are recent sporty luxury cars that emphasize practicality (3 Series) and performance (4 Series). While new models can be pricey, certified pre-owned models are available with an excellent warranty that offers coverage for up to six years or 100,000 miles from the original sale date. More importantly, this month, they’re offered with an excellent incentive: Through the end of May, qualified shoppers interested in a certified pre-owned 3 or 4 Series can get 0.9 percent interest for up to 60 months — a new-car deal on a used model.
Chevrolet’s certified pre-owned program offers two impressive warranties. One offers powertrain protection for Chevrolet models for up to six years or 100,000 miles from the original sale date. The other touts an additional 12 months or 12,000 miles of bumper-to-bumper coverage, added on to the original warranty. And in May, Chevrolet’s CPO program has yet another benefit: Through the end of the month, qualified shoppers interested in a certified pre-owned Chevrolet Cruze, Equinox, Malibu, Silverado or Traverse can get 1.9 percent interest for up to 36 months — a good rate for a used vehicle.
Ford’s certified pre-owned program offers excellent coverage, boasting up to six years or 100,000 miles of powertrain protection from the original sale date, along with an extra year or 12,000 miles of bumper to bumper coverage. Perhaps its only flaw is its deductible, which is a rather high $100 — but in May, that deductible isn’t such a big deal, as Ford’s certified pre-owned warranty is offered with an excellent incentive for shoppers on a budget. Through the end of the month, Ford is offering 2.9 percent interest for up to 66 months on all certified pre-owned models. That’s a good rate, but it’s an especially good term — particularly for a used vehicle.
Although Nissan’s certified pre-owned program doesn’t offer additional bumper-to-bumper warranty coverage beyond its original factory warranty, it does boast reassuring additional powertrain coverage: up to seven years or 100,000 miles from the original sale date. In May, shoppers who choose a certified pre-owned Nissan model can also get some impressive incentives, including 1.95 percent interest for up to 36 months or 3.95 percent interest for up to 72 months — deals that are available on any model among Nissan’s certified pre-owned fleet. The automaker is even taking things a step further, offering up to $500 cash back on certified pre-owned examples of the Altima, Maxima, Rogue and Sentra.
Range Rover Evoque
The Range Rover Evoque is a compact crossover with body styling, standard all-wheel drive, and surprisingly impressive off-road capabilities. In May, certified pre-owned versions of the Evoque offer some enticing benefits over a normal used model. Not only do they tout Land Rover’s excellent CPO warranty, which offers bumper-to-bumper coverage for up to seven years or 100,000 miles, but a certified pre-owned Evoque is also offered with some excellent deals. The best deal is on certified pre-owned 2013-2015 Evoque models, as Land Rover is offering 0.9 percent interest for up to 60 months — but even a certified pre-owned 2016 Evoque can be had with an alluring 2.9 percent for up to 60 months.
The Toyota Prius is a highly efficient hybrid-powered hatchback with a surprisingly roomy interior. Toyota’s certified pre-owned program, meanwhile, is among our favorites: it offers seven years or 100,000 miles of powertrain protection, and boasts an additional year of bumper-to-bumper coverage. In May, shoppers interested in a certified pre-owned Prius can get yet another reason to sign the papers: through the end of the month, the Prius is offered with 1.9 percent interest for up to 60 months — a deal that also extends to the smaller Prius c and larger Prius v.
Volkswagen’s certified pre-owned program offers two years or 24,000 miles of bumper-to-bumper coverage in addition to the original factory warranty — a good deal, especially if you’re buying a nearly new CPO Volkswagen. In May, Volkswagen’s CPO program is even more enticing than usual, thanks to a special offer aimed at qualified shoppers interested in financing a used Volkswagen. That deal touts 1.99 percent interest on all certified pre-owned Volkswagen models for up to 60 months — a great rate and a long term that you’ll typically only find in the world of new vehicles.
Volvo’s certified pre-owned program is among our favorites, as it touts bumper-to-bumper warranty coverage for seven years or 100,000 miles from the original sale date — among the longest warranties in the industry. In May, Volvo’s CPO program also has another advantage over most other CPO programs: An especially alluring financing offering. Through the end of the month, qualified shoppers interested in financing a certified pre-owned Volvo can get 0.9 percent interest for up to 24 months — not a very long term, but a great rate that you seldom see on used models.
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.