If a new car isn’t in the budget, and you’re worried about potentially expensive problems you might have with a used car, you may want to consider a certified pre-owned (CPO) vehicle. CPO cars and trucks are often lightly used, offering a long manufacturer-backed warranty for greater peace of mind over a regular used car — and they always include a big discount from the original price. Best of all, some automakers offer CPO deals and special offers to help make these cars even more enticing for shoppers interested in a certified vehicle. To help illustrate what we mean — and to help you find the best deal on a great certified pre-owned vehicle — we’ve rounded up some of the top incentives available this month from a few of our favorite CPO programs.
GMC’s certified pre-owned program offers extra peace of mind, touting an additional year of comprehensive coverage compared to the standard warranty, as well as 6-year/100,000-mile from the original sale date powertrain coverage. In July, GMC’s CPO program offers another alluring benefit, touting 1.9 percent interest for up to 36 months for certified pre-owned versions of the popular Acadia and Terrain crossovers — an especially enticing low rate when paired with the strong warranty.
Hyundai has the best certified pre-owned program among mainstream brands, as it offers 5-year/60,000-mile bumper-to-bumper coverage and 10-year/100,000 mile powertrain protection. In July, Hyundai’s CPO program gets even more appealing, as the automaker is offering qualified shoppers 1.9 percent interest for up to 36 months — a good deal, and a truly impressive one when coupled with the added value of Hyundai’s warranty.
The Mercedes-Benz certified pre-owned program touts good coverage, offering one year of warranty protection with no mileage limit from the day you buy the car. Additional years are available for an extra fee. In July, shoppers interested in a certified pre-owned vehicle have an extra reason to pick Mercedes-Benz: Through the end of the month, the brand is offering 1.99 percent interest for up to 48 months on certified pre-owned versions of many of its most popular models, including the CLA, the C-Class, the E-Class, the S-Class and all SUVs and crossovers except the G-Class. That’s a good deal and an unusually long term for such a low rate.
Nissan’s certified pre-owned program offers additional 6-year/100,000-mile from the original sale date powertrain coverage, adding peace of mind for the most important items in your vehicle. In July, Nissan’s CPO program also touts some incentives designed to entice shoppers. The best deal is for qualified shoppers looking to finance a CPO Nissan, as the automaker is offering 3.99 percent interest for up to 36 months or 4.69 percent for up to 72 months. For drivers looking to pay with cash, Nissan is offering up to $450 cash back, which is an excellent deal for a used vehicle.
Lexus’s certified pre-owned program offers impressive warranty coverage, touting coverage for 6 years with no mileage limit from the car’s original sale date. Meanwhile, the Lexus RX is a highly popular midsize luxury crossover that now comes in a three-row "L" variant. In July, shoppers can combine the two for a good deal, as Lexus is offering certified pre-owned examples of the RX and RX L with 3.9 percent interest for up to 60 months — a good long-term rate for such a highly demanded vehicle.
The Toyota Camry is a midsize sedan known for durability and reliability. Still, shoppers who want the extra peace of mind that comes with a warranty can find it with Toyota’s CPO program, which touts an additional year of comprehensive coverage over the factory warranty and 6-year/100,000-mile from the original sale date powertrain protection. In July, a certified pre-owned Camry is an even better deal thanks to an impressive incentive from Toyota: All CPO Camry models offer 1.9 percent interest for up to 36 months, a deal that’s shared with the highly efficient Camry Hybrid.
Volkswagen’s certified pre-owned program differs slightly based on which model you choose — but regardless of which CPO Volkswagen you get, you’ll find additional warranty coverage beyond the initial factory warranty. In July, Volkswagen is offering an extra reason to consider a CPO model thanks to a low-interest special offer: through the end of the month, qualified shoppers interested in a CPO Volkswagen can get 2.49 percent interest for up to 60 months on all certified pre-owned Volkswagen models — a good deal with a long term.
The Volvo S60 is a midsize luxury sedan with a sporty flair and a comfortable, stylish interior. In July, a certified pre-owned S60 is offered with a strong incentive for shoppers interested in a good deal on their next car. That’s because Volvo is offering qualified shoppers 0 percent interest for up to 24 months on all certified pre-owned 2015 S60 models — an impressively low interest rate for a used vehicle. And it’s especially enticing considering Volvo’s CPO program offers 7 years or 100,000 miles of coverage from the original sale date, making it one of the best programs in the industry.
What it means to you: If you’re looking for a great price on a used car that boasts a long warranty for peace of mind, our list of July CPO deals and incentives is a good place to bring your search.