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Best Used Car Financing Deals for September 2019

Last month, the average price of a new car came in at just over $37,400. That’s an increase of 2% from August 2018. Depending on the age of the vehicle and the market segment, the average used car costs between one-third and two-thirds the price of the average new car. Many consumers continue to opt for used cars over new models. To entice potential buyers who want to save even more money, automakers offer great deals that include low interest rates and cash back offers on their certified pre-owned (CPO) vehicles.

Dealerships conduct multipoint inspections on CPO vehicles, and most automakers require these models to be less than five or six years old and have fewer than 60,000 to 80,000 miles. That means you won't have to worry about inheriting the original owner's problems or inattention to maintenance. If a trade-in vehicle has issues, for example, that car won’t be accepted into the CPO program by the dealer. CPO vehicles sometimes come with added benefits, though these benefits vary by brand. Some of the best programs offer 10-year/100,000-mile warranties, rental car reimbursement, roadside assistance, and free scheduled maintenance from the dealer for a set period. If you want to know more, read How CPO Programs Work and check out our list of the Best CPO Programs.

The best deals on CPO cars mostly consist of finance incentives from automakers. These deals 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 over the course of the loan. CPO vehicles tend to cost more than uncertified pre-owned models, but the lower interest rates can help offset the higher price of buying a certified model. 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.

This September, there are all sorts of deals on CPO sedans, coupes, trucks, minivans, and SUVs. The best finance rates come from luxury brands like Infiniti, Jaguar, and Land Rover. These automakers are offering interest rates around 1% on select models that are financed for two or three years. Buyers can also get financing with interest rates around 2% on select CPO models from a number of brands, including BMW, Cadillac, Lincoln, and Mercedes-Benz. If you'd rather get cash back, consider a CPO vehicle from Lexus, which is offering $1,000 toward the purchase or lease of select CPO models.

You don't have to buy a luxury car or SUV to get an upscale interior with cutting-edge tech and features like leather seats. The best deals come from major brands like Buick, Chevrolet, Ford, GMC, Toyota, and Subaru, which all have financing rates around 2%. Mazda and Nissan are less competitive, with advertised rates above 3%. However, Nissan is offering $450 cash back as an alternative to its finance special.

At the time of writing, there are no advertised CPO deals from Acura, Audi, Honda, Hyundai, or Volkswagen for September.

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

Brand

Deal

Models

Expiration

BMW

1.99% for 60 months

2015-2017 3 Series, 4 Series, 5 Series, 7 Series, X3, X5, X6, and i8 models

10/31/2019

Buick

1.9% for various terms

Select CPO Enclave and Encore models

9/30/2019

Cadillac

1.9% for 48-60 months

Select XT5, Escalade, and CTS models

10/31/2019

Chevrolet

1.9% for various terms

Select CPO Cruze, Equinox, Malibu, Silverado, Traverse, and Trax models

9/30/2019

Ford

1.99% for 60 months

All CPO models, including the F-150 full-size pickup truck

9/30/2019

GMC

1.9% for various terms

Select CPO Acadia, Sierra 1500, and Terrain models

9/30/2019

Infiniti

0.99% for 36 months

3.49% for 72 months

All 2014-2019 CPO models

9/30/2019

Jaguar

0.9% for 24 months

1.9-2.9% for 36 months

Select 2015-2017 CPO XE, XF, XJ, F-Pace and F-Type models

 

9/30/2019

Land Rover

0.9% for 24 months

1.9-2.9% for 36 months

Select 2015-2017 CPO Discovery, Discovery Sport, LR4, Range Rover, Range Rover Evoque, and Range Rover Sport models

 

9/30/2019

Lexus

$1,000 lease or finance cash back

Select CPO IS, ES, ES Hybrid, and RX models

11/4/2019

Lincoln

1.9% for up to 72 months

2.99% for 66 months

Select CPO Black Label models

All other CPO models

9/30/2019

Mazda

3.99% for 36 months, plus first month's payment

Select 2015-2019 CX-3, CX-5, CX-9, Mazda3, Mazda6, and MX-5 Miata models

9/30/2019

Mercedes-Benz

1.99% for 36 months

Select 2016-2018 CPO models, including multiple body styles of the C-Class, CLA, GLA, E-Class, GLC, GLE, S-Class, GL, and GLS

9/30/2019

Nissan

3.49% for 60 months, or

$450 cash back

Any 2015-2019 CPO Altima and Leaf models; cash back applies to Altima, Rogue, and Rogue Sport

9/30/2019

Subaru

1.99% APR

All CPO 2014-2019 models, including the Crosstrek

9/30/2019

Toyota

1.9% APR

Select CPO Camry, Camry Hybrid, Corolla sedan, Corolla Hatchback, Corolla iM, Matrix, RAV4, and RAV4 Hybrid models

10/31/2019

Looking to buy a used car? Check out our Used Car Rankings, where you can read our car reviews and 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 using various search criteria. 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.