We get a lot of questions about certified pre-owned vehicles here at the Car Pro. You can check out some of our advice here.
Manufacturers offer various programs, warranties, and deals. So always read the fine print and do some comparison shopping. If you’re looking to buy a CPO this month, here’s a look at May’s top CPO programs according to the editors at Autotrader.
Autotrader editors like BMW’s excellent warranty that offers coverage for up to 6 years or 100,000 miles from the original sale date. Through the end of May, qualified shoppers interested in a certified pre-owned 3 or 4 Series can get 0.9 percent interest for up to 36 months — a new-car deal on a used model.
During May, qualified shoppers interested in a certified pre-owned Chevrolet Cruze, Equinox, Malibu, Silverado, or Traverse 1.9 percent interest for up to 36 months — a good rate, according to Autotrader, for a used vehicle.
Autotrader also gives its thumbs up to Ford’s CPO program. Its warranty coverage boasts up to 7 years or 100,000 miles of powertrain protection from the original sale date, along with an extra year or 12,000 miles of bumper to bumper coverage. This May, qualified buyers are being offered 2.9 percent interest for up to 66 months on all certified pre-owned models.
Autotrader calls Nissan’s certified pre-owned program impressive when it comes to incentives for qualified buyers. They include 1.95 percent interest for up to 36 months or 3.95 percent interest for up to 72 months — deals available on any model among Nissan’s certified pre-owned fleet. The automaker is also offering up to $500 cash back on certified pre-owned examples of the Altima, Maxima, Rogue, and Sentra.
Land Rover’s CPO warranty offers bumper-to-bumper coverage for up to 7 years or 100,000 miles. Plus, in May you can get a deal on a certified pre-owned Evoque. Autotrader says the best deal to be had is on certified pre-owned 2013-2015 Evoque models. Land Rover is offering qualified shoppers 0.9 percent interest for up to 60 months on those. Drivers can opt for a certified pre-owned 2016 Evoquefor 2.9 percent for up to 60 months.
Autotrader calls Toyotas’s certified pre-owned program one of its favorites. It offers 7 years or 100,000 miles of powertrain protection, and boasts an additional year of bumper-to-bumper coverage. Through the end of May, the Prius is offered with 1.9 percent interest for up to 60 months to qualified shoppers. The deal also extends to the smaller Prius c and larger Prius v.
VW is pulling out the stops this month with its certified pre-owned program. A special offer is aimed at qualified shoppers interested in financing a used Volkswagen. It offers 1.99 percent interest on all certified pre-owned Volkswagen models for up to 60 months. Autotrader calls is “a great rate and a long term that you’ll typically only find in the world of new vehicles.”
Finally, Volvo’s certified pre-owned program makes the May cut of best CPO deals. It offers bumper-to-bumper warranty coverage for 7 years or 100,000 miles from the original sale date. This is among the longest warranties in the industry. In May, qualified shoppers interested in financing a certified pre-owned Volvo can get 0.9 percent interest for up to 24 months. It’s not very long term, but you don’t see that rate much on used models.