Many of the best used car finance deals for May 2016 consist of low interest rate financing. A few of these offers also include cash back or payment credits on select certified pre-owned (CPO) vehicles.
May is normally a great month for car dealerships. A combination of bloated dealer inventories, and a lack of motivated used car buyers over the first half of the year, make it a great time for used car shoppers to get a great deal on a used car.
Many dealer’s set new car sales records for the last few months of 2016 and a lot of those deals had a trade vehicle involved. After these trades go through the certification process, they become available for sale on a dealer’s lot. By the time May rolls around, many of these vehicles are on the chopping block, they either need to be sold or sent to auction to be liquidated. This means dealers will be a little more flexible and aggressive with their pricing when it comes to making a deal.
Many of the used car deals available this month are on mainstream and luxury line brands. As of the luxury brands, BMW is offering 0.9 percent financing on all 2012 – 2014 CPO BMW models. They’re also providing complimentary scheduled maintenance on select models. Make sure you inquire with your local dealer while shopping for a CPO BMW.
Audi’s used car deal is 1.9 percent financing up to 72 months on all 2015-2016 CPO Audi models plus $500 bonus cash for certain Audi models. Audi is also offering Complimentary Audi Care Maintenance many CPO models. Check with your local dealership to find out exactly what is being offered in your area.
There’s no shortage a deals on mainstream vehicles also. You can get zero to 2.95 percent financing for 36 to 72 months any CPO Nissan vehicle. They also have a $750 cash back deal if you are paying cash or outside financing for a CPO Nissan Leaf. Kia’s offer is 0.9 percent financing available for up to 36 months on any 2011-2015 CPO Sorento and Optima models. Kia’s offer is only for a limited time and is only available in certain regions. Make sure you check with your local Kia dealers to make sure the deal is available in your local area.
Make sure to check out all the available used car finance deals below shopping.
Always Research Used Cars Online Before Going to the Dealership
NOTE: Before buying any used car you’ll want to check the used car’s title history using a service such as AutoCheck. This will protect 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 you’ll want to do is have the vehicle inspected by an independent certified mechanic before signing on the dotted line. There may be an additional cost; However, it will be well worth reducing 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 Ryde Shopper or Motor Trend 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.
Best Used Car Finance Deals Available Right Now
|Brand||Used Car Models||Used Car Finance Deal||Expires|
|Used Audi Deals||1.9% financing on 2015 and 2016 models PLUS $500 bonus cash for 2015-2016 CPO A3, S3, A4, S4, Allroad, A6, and A6||1.9% financing up to 72 months; complimentary maintenance; $500 bonus cash||05/31/2016|
|Used BMW Deals||All 2012 – 2014 BMW CPO models; complimentary maintenance for 2012 and 2013 BMW 3-Series and 5-Series||0.9% financing available | Complimentary scheduled maintenance on select models||05/31/2016|
|Used Buick Deals||CPO Buick LaCrosse||1.9% financing available||06/30/2016|
|Used Cadillac Deals||All CPO Cadillac models||0.9% financing available for 60 months||05/31/2016|
|Used Chevrolet Deals||CPO Impala (excludes Limited), Cruze, Malibu, and Equinox||1.9% financing available||05/31/2016|
|Used Ford Deals||All Certified Pre-Owned Models||2.9% financing for 66 months available||05/24/2016|
|Used GMC Deals||CPO GMC Terrain||1.9% financing||06/30/2016|
|Used Hyundai Deals||All 2012-2016 CPO Hyundai models||2.49% financing up to 60 months available||05/31/2016|
|Used Infiniti Deals||All 2010 – 2016 CPO Infiniti models||0.99% financing available for 36 months||05/31/2016|
|Used Jaguar Deals||Select 2011-2015 CPO XF and XJ, XK, and 2014-2015 CPO F-Type||0.9% to 2.9% financing for 24 to 72 months||05/31/2016|
|Used Kia Deals||2011-2015 CPO Sorento and Optima||0.9% financing available for up to 36 months||Limited Time Only|
|Used Land Rover Deals||2011-2015 CPO Land Rover LR2, LR4, Range Rover Evoque, Range Rover Sport, Range Rover and Discovery Sport||0.9% to 2.9% financing for 24 to 60 Months||05/31/2016|
|Used Lincoln Deals||All CPO Lincoln models||2.9% for up to 66 months||07/05/2016|
|Used Mercedes-Benz Deals||2013-2015 CPO Mercedes-Benz C-Class, E-Class, GLK-Class, and M-Class||0.99% financing for 36 months||05/31/2016|
|Used Mini Deals||2012 – 2013 CPO Models||0.9% financing available||05/31/2016|
|Used Nissan Deals||0% for 60 months on any CPO Leaf OR $750 cash back; 1.25% for 36 months OR $450 cash back on 2012-16 CPO Nissan models; 2.95% for 72 months on select CPO Nissan models||0.0% to 2.95% financing for 36 to 72 months OR $750 cash back on Nissan Leaf OR $425 cash on 2012-2016 CPO Nissan models||05/31/2016|
|Used Subaru Deals||All 2011-2016 CPO Subaru models||0.99% financing available||05/31/2016|
|Used Toyota Deals||Various CPO Toyota models in select regions||1.9%-2.9% financing for up to 60 months||Varies|
|Used Volkswagen Deals||All CPO models||0.9% for 36 months||06/30,2016|