If you're in the market for a used car, June is a great time to buy one. Manufacturers are offering some of the lowest used car interest rates of all time. Most of these low rates are featured on their certified pre-owned (CPO) vehicles.
A few automakers such as Mercedes-Benz and Mini are offering a payment credit on their used car deals also. This means they will cover one or more of your monthly payments.
You must keep in mind, used car pricing is different than new car pricing. A vehicle's mileage, region and condition, as well as the supply and demand all affect how a used car's price is calculated. Visit my used car buyer's guide for more used car buying tips.
If you're luxury car shopping you're in luck. There are many brands offering low interest used car rates in June. You can finance a certified pre-owned Jaguar, BMW or Land Rover for as low as 0.9 percent. Lincoln and Audi is offering 1.9 percent financing for up to 72 months and you can get any 2011 - 2015 Infiniti for as little as 0.99 percent. Mercedes-Benz is offering 2.99 percent finance plus one payment credit on some of its CPO models.
Chevrolet and Ford are offering 1.9 percent financing for June only on a few select models (see chart below). Nissan is offering 0.9 percent financing or $500 cash-back on select CPO models. The financing portion of Nissan's offer is available for only 36 months.
Remember: customer rebates, incentives and finance offers can vary by region. They may also change at a moment's notice, and are subject to vehicle availability. You should always check with several dealers in your area to get a good idea of your local market.
Check out the list below for other used car finance deals available for June 2015.
|Audi||1.9% Financing up to 72 Months||All 2012 - 2013 CPO Models||07/01/2015|
|BMW||0.9% Financing||All 2011 - 2013 CPO Models||06/30/2015|
|Buick||1.9% Financing||CPO LaCrosse||06/30/2015|
|Chevrolet||1.9% Financing for 72 Months||CPO Cruze and Sonic||07/06/2015|
|Ford||1.9% Financing for 72 Months||CPO Edge, Escape, Fusion and F-150||07/06/2015|
|Infiniti||0.99% Financing for 36 Months||All 2011 - 2013 Models||06/30/2015|
|Jaguar||0.9% to 2.9% Financing for 24 to 72 Months||2011 -2015 CPO XF, XJ and XK and 2014 CPO F-Type||07/31/2015|
|Land Rover||0.9% to 2.9% Financing for 24 to 60 Months||2011 - 2014 CPO LR2, LR4, Range Rover Sport and Range Rover, 2012 - 2014 Range Rover Evoque||07/31/2015|
|Lincoln||1.9% Financing for 48 Months||All CPO Models||07/06/2015|
|Mercedes-Benz||2.99% Financing for 72 Months Plus One Payment Credit on Some Models||2.99% on 2012 - 2014 CPO C-Class, S-Class, GLK-Class, M-Class and GL-Class: Payment Credit on CPO C-Class, E-Class and GLK-Class||06/30/2015|
|Mini||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 CPO Models||06/30/2015|
|Nissan||0.9% Financing for 36 Months or $500 Cash||0.9% on any CPO Model; $500 Cash on CPO Rogue, Maxima, Altima, Sentra, Leaf and Titan||06/30/2015|
|Subaru||0.99% Financing||All 2010 - 2015 CPO Models||06/30/2015|
|Toyota||2.9% Financing for 60 Months||Many CPO Models||06/30/2015|
|Volkswagen||0.9% to 2.29% Financing for 36 to 60 Months||0.9% for 36 Months or 1.99% for 60 Months on CPO Jetta and Passat; 2.29% for 60 Months on all other CPO Models||06/30/2015|
If you're considering the purchase new car or truck in the month of June, I recommend using a free online referral service such as Ryde Shopper and Motor Trend to guarantee you pay the lowest price. 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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