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Best Used Car Financing Deals

Should you buy a new car or a used one? It's arguably the biggest decision you'll make when buying your next car, and on top of that, it's the first choice you have to make when you begin car shopping. With the average price of new vehicle sitting around $36,000, many buyers are increasingly opting to shop for a used model. Automakers know this, and many have a nice selection of certified pre-owned, or CPO, vehicles. 

CPO vehicles provide buyers with more peace of mind compared to purchasing a conventional used car, since CPO cars, trucks, and SUVS go through detailed inspections from the automaker’s own dealerships. That means you won't have to worry about inheriting the original owner's problems or inattentiveness to maintenance. If a car has issues, it won’t be accepted into the CPO program.

Dealerships conduct multipoint inspections on CPO vehicles, and most brands require the models to be less than five or six years old and have fewer than 60,000 to 80,000 miles. CPO vehicles occasionally come with added benefits, though these benefits vary by brand. Some of the best offers include a 10-year/100,000-mile warranty, rental car reimbursement, roadside assistance, and free scheduled maintenance for a period of time. If you want to know more, read How CPO Programs Work and check out our list of the Best CPO Programs.

Used-car specials from automakers consist mostly of finance deals on CPO vehicles. These incentives include interest rates that are usually lower than the national average rate for a used-car loan. A lower rate reduces your overall cost because you won’t be paying as much to borrow money to buy a car. For more information on how lower rates save you money, read How to Finance a Car and Get a Car Loan. These lower interest rates can be beneficial because CPO vehicles tend to cost a bit more than noncertified models.

There are some attractive CPO deals across the market this February. Several automakers – including BMW, Buick, Chevrolet, GMC, Lexus, Mercedes-Benz, and Subaru – are offering financing rates of 1.9 to 1.99 percent for two to five years on select CPO models.

Check out the best February CPO financing offers to make the right car-buying decision for you.

Brand

Deal

Models

Expiration

BMW

1.99% APR for 24 months

All 2015-2016 CPO models

2/28/2019

Buick

1.9% APR for various terms

Select CPO Enclave and Encore models

4/1/2019

Chevrolet

1.9% APR for various terms

Select CPO Bolt EV, Cruze, Equinox, Malibu, Traverse, and Volt models

4/1/2019

Ford

4.49% APR for 60 months

All CPO models

4/1/2019

GMC

1.9% APR for various terms

Select CPO Acadia, and Terrain models

4/1/2019

Lexus

1.9% APR for 48-60 months

Select CPO models, including ES, NX, and RX

2/28/2019

Mercedes-Benz

1.99% APR for 36 months

Select 2015-2017 CPO models, including CLA, C-Class, E-Class, S-Class, GLA, GL, GLC, GLE, and GLS

2/28/2019

Nissan

0% APR for up to 36 months; 3.99% APR for 60 months

0% on 2014-18 Leaf;

3.99% on 2014-2018 Sentra, Altima, Rogue, and Rogue Select

2/28/2019

Subaru

1.99% APR

Select 2014-2019 CPO models

2/28/2019

 

Looking to buy a used car? Check out our Used Car Rankings, where you can compare used cars by class, model year, and budget. Then, search our Used Car Listings, where you can browse used vehicles for sale in your area. While we work to keep used car deals up to date and accurate, the best source of current discounts and incentives on a used or certified pre-owned car is your local dealer.

Interested in a new car? Check out our Best Car Deals this month, as well as our Best Lease Deals.