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Best Used Car Incentives for May

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 No Haggle and CarsDirect 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





3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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About The Author

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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