August is a great time to buy a used car. Most automakers are offering some great low interest used car financing to help entice used car shoppers to get out and buy.
It doesn't matter if you're looking for a new car, truck, minivan or SUV the manufacturers have something for you to take advantage of. The only "catch" to these offers is the automaker wants to make sure you're buying a reliable and dependable car. So many of these offers are only available on certified pre-owned models (CPO).
Keep in mind, shopping for a used car is a little different than shopping for a new one. Used car prices vary depending on the mileage, condition, demand and location of the vehicle. You should always do your research on a particular used car before contacting a dealership. Visit my used car chapter for tips on how to buy a used car to keep from buying a bad vehicle and avoid any costly dealer scams.
Very little has changed from July concerning low interest financing by the manufacturers, due to the high demand and popularity for used cars, many have just extended the used car deals already in place from the previous month.
Audi is still offering 1.9 percent financing for sixty-six months on all of their 2012, 2013 and 2015 CPO models, they've extended the offer until September 1, 2015. Chevrolet and Buick also extended their 1.9 percent deals until the last day of August. Chevy's offer is for the CPO Malibu and Equinox, Buick's deal is on the CPO Verano and LaCrosse.
Mercedes-Benz increased their used car deal on select CPO models from 2.99 percent to 3.49 percent for up to 72 months for the month of August. Along with the low interest financing, you can also get an additional single payment credit on CPO C-Class and E-Class models. Nissan is offering 0.9 percent for 36 months on any 2012 - 2015 CPO Model OR opt for $500 cash back on Rogue, Maxima, Altima, Sentra, Leaf and Titan.
Make sure to check out all the available used car finance deals below before you go car shopping.
|Brand||Used Car Models||Used Car Finance Deal||Expires|
|Used Audi Deals||All 2012, 2013, 2015 CPO Models||1.9% Financing for up to 66 Months||09/01/2015|
|Used BMW Deals||All 2011 - 2013 CPO Models||0.9% Financing||08/31/2015|
|Used Buick Deals||CPO LaCrosse and Verano||1.9% Financing||08/31/2015|
|Used Chevrolet Deals||CPO Equinox and Malibu||1.9% Financing||08/31/2015|
|Used Ford Deals||All CPO Models||1.9% Financing for 36 Months||09/30/2015|
|Used Infiniti Deals||All 2011 - 2015 CPO Models||0.99% financing for 36 Months||08/31/2015|
|Used Jaguar Deals||2011 - 2015 CPO XF, XJ and XK and 2014 CPO F-Type||0.9% to 2.9% Financing for 24 to 72 Months||09/30/2015|
|Used Land Rover Deals||2011 - 2014 CPO LR2, LR4, Range Rover Sport and Range Rover, 2012 - 2014 CPO Range Rover Evoque||0.9% to 2.9% Financing for 24 to 60 Months||09/30/2015|
|Used Lincoln Deals||All CPO Models||1.9% Financing for 48 Months PLUS Complimentary Maintenance||08/31/2015|
|Used Mercedes-Benz Deals||2012 - 2014 CPO C-Class, E-Class, S-Class; Payment Credit on CPO C-Class and E-Class||3.49% Financing for 72 Months PLUS One Payment Credit on some Models||08/31/2015|
|Used Mini Deals||2012 - 2013 CPO Models||0.9% on 2012 CPO Models PLUS $300 Retail Credit | 1.9% on 2013 CPO Models||08/31/2015|
|Used Nissan Deals||2012 - 2015 CPO Models | $500 Cash on Rogue, Maxima, Altima, Sentra, Leaf and Titan||0.9% on any 2012 - 2015 CPO Model for 36 Months OR $500 Cash on Select Models||08/31/2015|
|Used Subaru Deals||All 2010 - 2015 CPO Models||0.99% Financing||08/31/2015|
|Used Toyota Deals||Many CPO Models||2.9% Financing for 60 Months||09/08/2015|
|Used Volkswagen Deals||2014 - 2015 Jetta Passat and all Other CPO Models||1.49% for 60 Months on CPO Jetta and Passat | 2.49% for 60 Months on all other CPO Models||08/31/2015|
NOTE: When buying a used car you must do two things, first you want to check the used car's title history using a service such as AutoCheck. This protects you by making 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. There may be a small additional cost, but will greatly reduce the chances of you buying someone else's problems and costing you a lot more money later down the road.
When negotiating a used car's price, it’s important to have a good estimate of what the dealer's cost is for the vehicle and what other people are paying for the same used car in your local area. Otherwise, you won’t know what's a good price to pay for the vehicle. I highly recommend using an online referral service such as Edmunds or Cars.com to do your used car research and request a free used car quote.
The information you receive from these sites, will tell you what the vehicle you're considering is going for and will also tell you which dealerships in your local area are currently the most flexible with their used car pricing.
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