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There are some great deals on certified pre-owned (CPO) models across the country this November, as automakers strive to move used cars off of dealer lots. Before you head to the dealership for a test drive, check out this month’s CPO finance deals.

Best Certified Pre-Owned Deals for November 2020

The best deal on a used vehicle comes down to finding the lowest interest rate. There aren't any 0% APR deals this month, but there are a host of automakers offering finance rates under 1%. These include Chevrolet, Toyota, Subaru, and Nissan. Several luxury automakers also come in under 1% financing, such as BMW, Jaguar, Land Rover, and Infiniti.

Plenty of other brands have rates that that are slightly higher but still enticing. Cadillac, Mercedes-Benz, Ford, and Lincoln all have CPO financing offers that check in around 2%.

There's considerable variance in the loan length of some of these CPO financing deals, which is something you'll want to keep an eye on. For example, Lincoln is extending six-year loans on its Black Label models. However, the vast majority of these finance offers run from three to five years.

Here is a list of the best CPO deals for November 2020:

BMW: Deferred payments for 90 days plus 0.9% for 36 months or 1.49% for up to 60 months on select 2017-2018 CPO models, and $500 to $1,000 cash back, depending on the model (Expires 1/4/2021)

Buick: 0.9% on select Encore models (Expires 11/30/2020)

Chevrolet: 0.9% on select Equinox, Trax, Cruze, and Malibu models (Expires 11/30/2020)

Cadillac: 2.9% for 36 months on select CTS sedan, Escalade, and XT5 models (Expires 1/4/2021)

Ford: 1.49% for 36 months on select CPO models, including the Ford F-150 full-size pickup truck (Expires 1/4/2021)

GMC: 0.9% on select Terrain models (Expires 11/30/2020)

Infiniti: 0.99% for 60 months on select 2015-2020 CPO models (Expires 11/30/2020)

Jaguar: 0.9% for 24 months or 1.9% for 36 months on select 2017-2019 CPO E-Pace, F-Pace, F-Type, I-Pace, XE, XF, and XJ models (Expires 11/30/2020)

Land Rover: 0.9% for 24 months or 1.9% for 36 months on select 2016-2019 CPO Discovery, Discovery Sport, Range Rover, Range Rover Evoque, Range Rover Sport, and Range Rover Velar models (Expires 11/30/2020)

Lexus: 1.9% for 60 months on 2017-2018 IS models (Expires 1/4/2021)

Lincoln: 1.9% for up to 72 months on select CPO Black Label models (Expires 1/4/2021)

Maserati: 1.9% for 60 months on select 2016-2020 CPO models (Expires 11/30/2020)

Mercedes-Benz: 1.99% for 36 months on select 2017-2019 C-Class, CLA, GLA, E-Class, GLC, GLE, S-Class, and GLS models (Expires 11/30/2020)

Nissan: 0.9% for 60 months on 2016-2020 Versa and Note models; 1.9% for 60 months on 2016-2020 Altima, Sentra, Rogue, and Rogue Sport models; up to $750 cash back on select CPO models (Expires 11/30/2020)

Subaru: Financing as low as 0.99% on all 2015-2020 CPO models, including the Crosstrek and Ascent SUVs (Expires 11/30/2020)

Toyota: 0.99% to 2.99% financing on select CPO models, including Camry, Camry Hybrid, Corolla, RAV4, and 4Runner (Expires 11/30/2020)

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

What Is a Certified Pre-Owned Vehicle?

For pre-owned vehicles to become certified by an automaker, they must be less than five or six years old and have fewer than 60,000 to 80,000 miles on the odometer. These vehicles also undergo multipoint inspections at the dealership.

CPO vehicles often come with additional perks, though these benefits vary by the manufacturer. Some of the best programs feature 10-year/100,000-mile warranties, complimentary scheduled maintenance from the dealer for a set period, a free Carfax report, rental car reimbursement, and roadside assistance.

With these rigorous inspections and added benefits, you won't have to worry as much about mechanical problems or the previous owner's inattention to maintenance. A trade-in vehicle that is old, has issues, or has too many miles won’t be accepted by a dealer into its CPO inventory.

To learn more, read How CPO Programs Work and check out our list of the Best CPO Programs.

Why Should I Buy a Certified Pre-Owned Vehicle?

Buying a used car is becoming more and more appealing as buyers look to get a good deal to save money, especially during hard times. For many consumers, it makes good financial sense to pay less for a used car that is similar to a new model. To entice potential buyers, automakers offer low interest rates and cash back incentives on the certified pre-owned inventory that is on dealership lots.

Monthly CPO car specials mostly consist of low-interest financing offers that come directly from the automakers. Some brands tout interest rates that are lower than the national average rate for used car loans. With a lower interest rate, you'll pay less over the course of the loan. Although CPO vehicles tend to cost more than other used cars, securing a lower interest rate helps 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 how much you can save at the dealer.

Looking to buy a used car, truck, or SUV? Check out our Used Car Rankings, where you can read our car reviews and compare used cars by class, model year, body style, and budget to help you get a great deal and make the best car-buying decision. Also search our Used Car Listings, where you can browse vehicles for sale in your area using various search criteria to find a low price. While we work to keep used car deals up to date and accurate, the best source of current discounts and specials 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.