Best Used Car Incentives for May
May 22, 2014
Memorial Day is just a few days away, and as the unofficial start of summer there's usually some great deals on used certified pre-owned vehicles. US News & World Report's Best Cars Blog has the low-down on some of these deals.
Most of the used car incentives are in the form of low interest finacing, raning from 0% to 2.99% - for example, Cadillac is offering 0% financing on all CPO (certified pre-owned) models until June 2, while Nissan has 0% financing for 36 months on all CPO models. Nissan also has $500 cash back on some models, which is rare for used vehicles.
If you're considering buying a used car, you may also want to check out prices on the new versions, just to make you're not missing out on a great deal. I recommend using TrueCar and Edmunds Price Promise to see the lowest prices on any new vehicle.
Current Incentives on Used Vehicles
| Manufacturer | Financing | Term (Months) | Models | Expiration |
|---|---|---|---|---|
| Audi | 1.9%-2.9% | 72 | 2009-2014 CPO models | 07/01/14 |
| BMW | 1.9% | N/A | All 2011 CPO models | 06/02/14 |
| Buick | 1.9% | N/A | CPO Buick LaCrosse Models | 06/02/14 |
| Cadillac | 0% | N/A | All CPO models | 06/02/14 |
| Chevrolet | 1.9% | N/A | CPO Cruze, Equinox, Malibu; 2014 Impala | 05/30/14 |
| Ford | 2.9% | N/A | All CPO models | 05/31/14 |
| Infiniti | 0.9% | 36 | All CPO models | 06/30/14 |
| Jaguar | 0.9%-3.9% | 24-72 | Most 2009-2014 CPO models | 06/30/14 |
| Land Rover | 0.9%-3.9% | 24-60 | Most 2009-2014 CPO models | 06/30/14 |
| Lincoln | 1.9% | 48 | All CPO models | 07/07/14 |
| Mazda | 0.9% | N/A | Select 2011-2014 CPO models | N/A |
| Mercedes-Benz | 2.99% | 66-72 | Select 2010-2011 CPO modes | 06/02/14 |
| MINI | 0.9%; 1.9% | 60 | 2011 CPO models; 2012 CPO models | 06/02/14 |
| Nissan | 0% | 36 | All CPO models; $500 cash on CPO Rogue, Maxima, Altima, Sentra | 06/30/14 |
| Subaru | 0.99% | N/A | All 2011-2014 CPO models | 06/02/14 |
| Toyota | 2.9% | 60 | Many CPO models | 08/04/14 |
| Volkswagen | 0.9%; 1.79% | 36; 60 | 2013-2014 CPO models; all other CPO models | 06/30/14 |
My Recommendation for Car Shoppers
TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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