Best Certified Pre-Owned Deals
The majority of certified used-car deals feature low-interest financing. For instance, Acura is offering 1.99% financing for up to 48 months on CPO 2019-2023 ILX, TLX, RDX, MDX and Integra models, while Honda is offering 0.99% financing for up to 48 months on CPO 2023-2024 Civic, Accord, HR-V, CR-V, Passport and Pilot models. All of these interest rates beat the national average for a used-car loan, which is currently between 8.44% and 8.52%, depending on loan length.
Here is a list of the best CPO car deals for August 2024:
Acura: 1.99% financing for up to 48 months on CPO 2019-2023 ILX, TLX, RDX, MDX and Integra models (Expires 9/3/24)
Audi: 3.99% financing for up to 36 months on select CPO 2019-2025 models (Expires 9/3/24)
BMW: 4.99% financing for up to 36 months on all 2019-2022 CPO models, plus deferred payments for up to 90 days in most states; $500 cash back on 5 Series and 8 Series models (Expires 9/3/24)
Ford: 5.49% financing for up to 60 months on select EV Certified CPO models, 5.99% financing for up to 60 months on select CPO models (Expires 9/30/24)
Honda: 0.99% financing for up to 48 months on CPO 2023-2024 Civic, Accord, HR-V, CR-V, Passport and Pilot models (Expires 9/3/24)
Jaguar: 4.99% financing for up to 60 months on select CPO XE, XF, XJ, E-Pace, F-Pace, F-Type and I-Pace models (Expires 8/31/24)
Land Rover: 4.99% financing for up to 60 months on select CPO Range Rover Velar, Range Rover Evoque and Discovery Sport models (Expires 8/31/24)
Lexus: 3.99% financing for up to 72 months on select RZ models; 6.25% financing for up to 72 months on select CPO ES, NX, RX and GX models; 6.25% for 72 months on 2019-2024 IS, ES Hybrid, NX Hybrid and RX Hybrid models (Expires 9/3/24)
Lincoln: 5.99% financing for up to 60 months on select CPO models (Expires 9/30/24)
Mercedes-Benz: 2.99% financing for up to 36 months on select CPO C-Class, E-Class, S-Class, GLB, GLC, EQB, EQS and EQE models (Expires 9/3/24)
Toyota: Financing as low as 6.39% for a limited term on select CPO bZ4X, Highlander, Highlander Hybrid, RAV4, RAV4 Prime, RAV4 Hybrid, Prius, Prius Prime, Corolla, Corolla iM, Corolla Hybrid, Corolla Hatchback, Corolla Cross, Corolla Cross Hybrid, Camry and Camry Hybrid models and Sienna models (Expires 9/3/24)
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 generally must be less than five or six years old and have fewer than 60,000 to 80,000 miles on the odometer, depending on the brand. These vehicles also undergo multipoint inspections at the dealership level.
CPO cars often come with additional perks, though these benefits vary by 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 used 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 appealing as buyers look to get a good deal and save money, especially in this era of rising new-car prices. For many consumers, it makes good financial sense to pay less for a used car that is similar to a new model. Depending on the market segment and the vehicle's age, the price of an average used car can be between one-third and two-thirds the price of a new car.
