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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 No Haggle and CarsDirect 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 |
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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Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
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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