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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

ManufacturerFinancingTerm (Months)ModelsExpiration
Audi1.9%-2.9%722009-2014 CPO models07/01/14
BMW1.9%N/AAll 2011 CPO models06/02/14
Buick1.9%N/ACPO Buick LaCrosse Models06/02/14
Cadillac0%N/AAll CPO models06/02/14
Chevrolet1.9%N/ACPO Cruze, Equinox, Malibu; 2014 Impala05/30/14
Ford2.9%N/AAll CPO models05/31/14
Infiniti0.9%36All CPO models06/30/14
Jaguar0.9%-3.9%24-72Most 2009-2014 CPO models06/30/14
Land Rover0.9%-3.9%24-60Most 2009-2014 CPO models06/30/14
Lincoln1.9%48All CPO models07/07/14
Mazda0.9%N/ASelect 2011-2014 CPO modelsN/A
Mercedes-Benz2.99%66-72Select 2010-2011 CPO modes06/02/14
MINI0.9%; 1.9%602011 CPO models; 2012 CPO models06/02/14
Nissan0%36All CPO models; $500 cash on CPO Rogue, Maxima, Altima, Sentra06/30/14
Subaru0.99%N/AAll 2011-2014 CPO models06/02/14
Toyota2.9%60Many CPO models08/04/14
Volkswagen0.9%; 1.79%36; 602013-2014 CPO models; all other CPO models06/30/14

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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Gregg Fidan

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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