If you're going to shop for a used car in May, you may want to take a look at some of these great used car finance deals being offered from several of the manufacturers.
Most car brands are offering low interest rate financing on their certified pre-owned (CPO) vehicles and there are even a few finance deals that include a couple payment credits. This is where the automaker will pay a few of your future loan payments for you.
If you're not in the market to buy a car, there's no rush. Although some of these ultra low finance offers expire at the end of May and some are extended all the way until the July 2015. Keep in mind that used car prices, interest rates, and loan terms vary depending on things like the vehicle's condition, mileage, and supply and demand. Before you go shopping make sure you check out the offers U.S. News has recently uncovered on the list below
Nissan's used car finance deal for the month of May is 0.9 percent on any CPO vehicles or $500 cash. The cash portion of the deal is only available on select CPO models. Ford is offering 1.9 percent financing four different CPO models. Chevrolet is also promoting 1.9 percent financing, but only on two models, the CPO Sonic and Cruze.
If fuel economy is your goal, Mini is offering 0.9 to 1.9 percent financing on 2012 - 2013 model year CPO vehicles or a two payment credit. Mercedez-Benz is even offering .99% on select CPO models with a two payment credit and pre-paid maintenance program included.
Take a look at some of the other finance deals available below:
|Used Audi Deals||1.9% financing for up to 72 months||All 2012 - 2013 CPO Models||07/01/2015|
|Used BMW Deals||0.9% financing plus a two-payment credit (up to $500 per month)||Select CPO Models||07/01/2015|
|Used Buick Deals||1.9% financing||CPO LaCrosse||06/30/2015|
|Used Chevrolet Deals||1.9% financing||CPO Sonic and Cruze||06/30/2015|
|Used Ford Deals||1.9% financing for 66 months||CPO Edge, Fusion, Escape and F-150||05/19/2015|
|Used Infiniti Deals||0.99% financing for 36 months||All 2011 -2015 CPO models||06/01/2015|
|Used Jaguar Deals||0.9% to 3.9% financing for 24 to 72 months||2010 - 2014 CPO XF, XK, 2011 - 2014 CPO XJ and 2014 CPO F-Type||06/01/2015|
|Used Land Rover Deals||0.9% to 3.9% financing for 24 to 60 months||2010 - 2014 CPO LR2, LR4 Range Rover Sport and Range Rover, 2012 - 2014 CPO Range Rover Evoque||05/31/2015|
|Used Lincoln Deals||1.9% financing for 48 months||All CPO Models||07/06/2015|
|Used Mercedes-Benz Deals||0.99% financing for 36 months plus a two-payment credit and complimentary pre-paid maintenance||2011 - 2013 CPO C-Class, E-Class, GLK-Class, M-Class and GL-Class||06/01/2015|
|Used Mini Deals||0.9% to 1.9% financing or a two-payment credit (up to $350 per month)||0.9% on 2012 CPO models, 1.9% on 2013 models, payment credit on 2012 - 2013 CPO models||06/30/2015|
|Used Nissan Deals||0.9% financing for 36 months or $500 cash||0.9% on any CPO model, $500 cash on CPO Rogue, Maxima, Altima, Sentra and Leaf||06/01/2015|
|Used Subaru Deals||0.99% financing||all 2010 - 2015 CPO models||06/01/2015|
|Used Toyota Deals||2.9% financing for 60 months||many CPO models||06/30/2015|
Keep in mind when buying a used car you must do two things, the first thing is to check the used car's title history using a service such as AutoCheck to make sure the vehicle has not been in a severe accident or has a branded title. If the title shows to be clean, the second thing is always have the vehicle inspected by an independent certified mechanic before signing on the dotted line. This will greatly reduce the chances of you buying someone else's problems.
If you're considering the purchase of a pre-owned vehicle for your teen driver, I recommend using a free online referral services such as Edmunds and TrueCar. These services will tell you what others are paying for the vehicle you're considering in your local area and which dealers give the greatest discounts.
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