Best Used Car Financing Deals for May 2018

Deciding on your next vehicle can be tricky. There are plenty of decisions to make when you buy a car, like whether to purchase new or used. With the average price of a new vehicle at over $36,000, buying a brand-new model can cost a pretty penny. On the other hand, you may be hesitant to buy a used vehicle because you could end up with someone else’s problems. Luckily, manufacturers offer a middle road with certified pre-owned vehicles.

Certified pre-owned cars, trucks, SUVs, and minivans usually cost more than uncertified used models, but less than brand-new models. A CPO vehicle will give you more peace of mind than an uncertified used model. Car manufacturers put CPO vehicles through multipoint inspections. Most brands require CPO vehicles to be less than five or six years old and have less than 60,000 to 80,000 miles. Not all automakers offer the same benefits. Some of the best perks include a 10-year/100,000-mile warranty, 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 9 Things to Look for in a CPO Program.

Every month, automakers advertise used car specials that consist mostly of financing incentives on CPO vehicles. Through car dealers, manufacturers offer interest rates that are usually lower than the national average rate. A lower rate reduces the overall cost for you, the buyer, as do other factors like your trade-in or exclusive dealership incentives.

This month, the best car deals on CPO vehicles give you a 0.9 percent interest rate. These deals come mostly from luxury brands like BMW, Jaguar, and Land Rover. Mazda is the exception; it’s offering 0.9 percent financing for three years on select certified pre-owned 2014, 2015, and 2016 models.

If you need a longer loan term, this month’s CPO deals have you covered on some of the best used cars. The Toyota Camry and Camry Hybrid are available with 1.9 percent interest for five years. This is a great deal because it gives you a longer term than most brands offer at this interest rate. Those looking for a used SUV are in luck as well. You can secure a 2.9 percent interest rate for five years on SUVs from brands like Cadillac, Ford, and Lexus. Ford ups to ante by offering $750 to owners of non-Ford Motor Company vehicles.

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

Brand	Deal	Models	Expiration
BMW	0.9% APR for 24 months	All 2014 and 2015 CPO BMW models; Plus no payments for three months on i3 (not available in PA or ME)	6/30/2018
Cadillac	2.9% APR for 60 months	Select CPO ATS sedan, Escalade, and SRX models	5/31/2018
Ford	2.9% APR for 60 months; Plus $750 for owners of non-Ford Motor Co vehicles	All CPO models, including the Ford F-150	5/31/2018
Honda	1.9% APR for 24 to 36 months	Select Odyssey models	5/31/2018
Hyundai	1.9% APR for 36 months; 2.9% APR for 48 months	Select CPO Hyundai models	5/31/2018
Infiniti	1.25% APR for up to 36 months	Any 2013-2018 CPO Infiniti models	5/31/2018
Jaguar	0.9 to 3.9% APR for various terms	Select CPO Jaguar models	5/31/2018
Land Rover	0.9 to 3.9% APR for various terms	Select 2014-2017 CPO LR2, LR4, Discovery, Discovery Sport, Evoque, Range Rover, and Range Rover Sport models	5/31/2018
Lexus	2.9% APR for 60 months	Select CPO IS, ES, ES Hybrid, RX, and RX Hybrid models	6/4/2018
Lincoln	2.9% APR for 66 months	Select CPO models	7/9/2018
Mazda	0.9% APR for 36 months	Select 2014-2016 CPO Mazda models	7/2/2018
Mercedes-Benz	1.99% APR for 48 months	Select CPO models, including CLA, C-Class, E-Class, S-Class, GLA, GL, GLE, GLK, and M-Class	5/31/2018
Nissan	1.95% APR for up to 36 months; 3.99% APR for 72 months	Any 2013-2017 CPO Nissan models, including the Altima and the Rogue	7/2/2018
Subaru	1.49% APR for 36 months	Any 2013-2018 CPO Subaru models	5/31/2018
Toyota	1.9% APR for up to 60 months; 2.9% APR for up to 60 months	1.9% offer for Camry and Camry Hybrid 2.9% offer for RAV4 and RAV4 Hybrid	5/31/2018
Volkswagen	2.49% APR for 60 months	Select CPO Volkswagens, excluding TDI models	7/2/2018

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.