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Best Used Car Financing Deals

With the average price of a new car over $37,000 – roughly 80% higher than the average price of a used car – it's no wonder buyers are increasingly looking at used vehicles when it's time to buy their next car. This June, plenty of automakers have offers on certified pre-owned vehicles, or CPOs, for used-car shoppers.

Because CPO cars, trucks, and SUVs go through detailed inspections at the automaker's dealerships, they provide buyers with more peace of mind compared to purchasing a conventional used car. That means you won't have to worry about inheriting the original owner's problems or inattention 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 sometimes come with added benefits, though these benefits vary by brand. Some of the best offers include 10-year/100,000-mile warranties, 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 mostly consist 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. With a lower interest rate, you'll pay less money over the course of your loan. Because CPO vehicles tend to cost more than uncertified models, these lower interest rates can help offset the higher price. For more information on how lower rates save you money, read How to Finance a Car and Get a Car Loan, and check out current Average Used Car Loan Rates to see just how much you can save. 

If you’re looking for a used-car deal on cars not covered by these CPO deals, check out these other used car financing offers.

So what kind of rates can you get on CPO cars, trucks, and SUVs this month? Major brands like Ford, Toyota, and Nissan have rates under 4% on eligible vehicles. Subaru and the GM family (Buick, GMC, and Chevrolet) have even better rates that are under 2% for select models. Luxury car shoppers have plenty to drool over as well; Mercedes-Benz, BMW, and Jaguar are offering some of their most popular CPO models with finance rates under 2%. The length of the terms vary from company to company, but most of these deals are for two to five years.

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

Brand

Deal

Models

Expiration

BMW

1.99% for 48 months All 2015-17 CPO models

7/1/2019

Buick

0.9% APR for various terms

Select CPO Enclave and Encore models

7/1/2019

Chevrolet

0.9% APR for various terms

Select CPO Equinox, Silverado, and Traverse models

7/1/2019

Ford

2.99% APR for 60 months

All CPO models

7/1/2019

GMC

0.9% APR for various terms

Select CPO Acadia, Sierra, and Terrain models

7/1/2019

Jaguar

0.9%-3.9% APR for 24-36 months Select 2014-17 CPO models, including XE, XF, XJ, XK, F-Pace, and F-Type

7/1/2019

Mercedes-Benz

1.99% APR for 36 months

Select 2016-2018 CPO models, including C-Class, CLA, GLA, E-Class, GLC, GLE, S-Class, GL, and GLS

7/1/2019

Nissan

3.99% APR for 60 months

Select CPO 2014-2018 Altima and Leaf models 7/8/2019

Subaru

1.99% APR

Select 2014-2019 CPO models

7/1/2019
Toyota 2.9% APR Select CPO Camry, Camry Hybrid, Corolla, Corolla Hatchback, Corolla iM, Matrix, RAV4, and RAV4 Hybrid models 7/31/2019

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.