If you’re interested in getting a car, but the new vehicle you want isn’t quite in the budget, you may want to consider a used one. But if you’re worried about potential problems that could crop up with a used car, you might want to consider a certified pre-owned ("CPO") vehicle. CPO vehicles are recent models with long warranties for extra peace of mind over a used car — and many automakers offer CPO deals and incentives to make their certified models even more appealing. We’ve rounded up the best deals and incentives available through the end of October on some of our favorite CPO programs and vehicles.
BMW’s certified pre-owned program offers 1 year of comprehensive coverage with an option to extend to further years for an extra fee — similar to programs offered by Audi and Mercedes-Benz. For shoppers interested in a good deal on a certified pre-owned BMW, the automaker has an appealing offer this month: Through the end of October, qualified shoppers who finance a certified pre-owned 2015-2016 BMW through BMW Financial Services can take advantage of no payments for three months at the start of their loan — an appealing offer for many shoppers, right after making a big down payment to buy a vehicle.
Buick Enclave and Encore
Buick’s certified pre-owned program is highly appealing, with two desirable warranties. The first touts powertrain coverage for up to 6 years or 100,000 miles from the original sale date, while the other boasts an additional year of comprehensive coverage from the day you buy the car or from the day the original warranty ends — whichever is later. This quarter, Buick is offering a strong incentive that sweetens the deal: Through the end of the year, qualified shoppers can get 1.9 percent interest for up to 36 months on certified pre-owned Enclave and Encore crossovers.
Chevy’s certified pre-owned program matches fellow GM brand Buick and GMC, offering two desirable warranties: A 6-year/100,000-mile powertrain warranty from the original sale date or a comprehensive warranty that touts 1 year or 12,000 miles of coverage. Through the end of the year, Chevy is also offering a similar incentive to its fellow GM brands: Qualified shoppers can get 1.9 percent interest for up to 36 months on several popular models — the Cruze and Malibu sedans, the Equinox and Traverse crossovers and the Silverado pickup.
GMC Acadia, Sierra, and Terrain
GMC’s certified pre-owned program offers two excellent warranties: A comprehensive warranty that lasts for 1 year or 12,000 miles from the expiration of the factory warranty and a powertrain warranty that offers coverage for up to 6 years or 100,000 miles from the original sale date. This month, GMC’s CPO program is even more desirable, as it allows qualified shoppers to get 1.9 percent interest for up to 36 months on certified pre-owned versions of the Acadia and Terrain crossovers or the Sierra pickup.
Jaguar’s certified pre-owned program is among the best in the industry, as it offers comprehensive coverage for up to 6 years or 100,000 miles. Through the end of October, Jaguar’s CPO program is an even better deal thanks to excellent low-interest incentives offered by the automaker. The best offer is for qualified shoppers looking to finance a certified pre-owned Jaguar over 24 months, as most models are offered with 0.9 percent interest. For shoppers who would prefer a longer term, many desirable models are offered with 1.9 percent interest for up to 36 months, including the 2015-2016 XF, the 2015-2016 XJ, the 2015-2016 F-TYPE and the 2015 XK.
Land Rover Discovery Sport
The Land Rover Discovery Sport is a compact luxury crossover that offers three-row seating and desirable pricing — pricing that gets even more appealing on the used market, especially when you factor in Land Rover’s excellent comprehensive certified pre-owned warranty that lasts for up to 6 years or 100,000 miles from the original sale date. This month, qualified shoppers who get a CPO Land Rover Discovery Sport can get a great deal, as Land Rover is touting 0.9 percent interest for up to 24 months or 1.9 percent interest for up to 36 months.
Lexus’s certified pre-owned warranty is fantastic, as it touts comprehensive coverage for up to six years with no mileage limit — one of the few unlimited mileage warranties in the industry. In October, Lexus is sweetening the pot with another promotion for certified pre-owned versions of its Lexus RX crossover. Through the end of the month, qualified shoppers interested in a CPO RX can get 3.9 percent interest for up to 60 months — a strong deal for a pre-owned vehicle.
Subaru’s certified pre-owned program offers powertrain coverage for up to 7 years or 100,000 miles from the original sale date. Unfortunately, the program doesn’t extend the bumper-to-bumper warranty — but while we’d like to see that, we also love the incentive Subaru is offering this month. Through the end of October, the automaker is touting 0.99 percent interest on certified pre-owned vehicles for up to 36 months, which is an excellent offer for a used car — especially when you factor in the warranty.
What it means to you: Our list of the top CPO deals and incentives available this month is an excellent place to find a budget-friendly car that offers excellent peace of mind.