The editors at Autotrader have released a list of what they believe are the best certified pre-owned deals for vehicle shoppers in July. They like the offerings of several manufacturers, but this month, Lexus stands out for them.
Why is the Lexus certified pre-owned program one of their favorite CPO deals? The “attractive incentives,” according to Autotrader. Qualified shoppers can lease the ES 350 midsize sedan in July for $379 per month for 36 months, with $3,999 due at signing.
Autotrader said in a news release that as car shoppers “grill and chill” this month and as summer buying season continues to heat up, dealers across the country are looking to add the latest 2020 models to their lots. That means consumers can now find a good deal on their next vehicle, according to Autotrader.
Following are Autotrader editors’ additional picks as the top certified pre-owned deals for July 2019:
Autotrader says the Volvo certified pre-owned program's offer of a 5-year/unlimited-mile warranty, which is upgradable to 10 years, is “awesome for a CPO luxury car.” Volvo’s July offer is 0.99% APR financing for CPO models and Volvo On Call for 2015.5 and newer model year vehicles.
Two maintenance visits and a six-year, 100,000-mile powertrain limited warranty with no deductible are part of Chevrolet's certified pre-owned program. For the month of July, General Motors is offering 1.9% APR financing for several models to qualified shoppers, and most of those are Chevrolet. Autotrader describes the Cruze, Malibu, Equinox, Silverado, Traverse and Trax as being part of a “diverse list” that satisfies “just about any automotive appetite.” Autotrader said Chevrolet’s reputation for offering great value holds up with this CPO deal.
Qualified buyers can get a strong financing deal in July for Acura's certified pre-owned program, according to Autotrader. CPO MDX models are at 1.99% APR for 24 to 60 months, providing what Autotrader says is a wide range “to find a monthly payment that fits in your budget.” Autotrader editors like the Acura CPO program’s “nice powertrain warranty” of seven years/100,000 miles, along with a 12-month/12,000-mile bumper-to-bumper warranty.
For two of what Autotrader says are Honda’s best offerings — the Accord midsize sedan and the Odyssey minivan — Honda's certified pre-owned program is offering a strong deal. Qualified buyers can finance either of these CPO models with Honda this July at 2.99% APR. With what Autotrader says is a “great Honda CPO warranty” of 7-year/100,000-mile powertrain protection, customers can shop with peace of mind, according to Autotrader, which adds that the Accord and Odyssey consistently rank among the top choices in their respective competitive segments.
Autotrader describes Jaguar's certified pre-owned program as “quite generous,” with its seven-years/100,000-miles of bumper-to-bumper coverage starting from the original sale date. The Autotrader editors describe the Jaguar XE as a “stylish, luxurious and athletic sedan” that it says serves as an attractively-priced entry into the brand. Autotrader says that when it’s depreciated on the CPO market, that price gets even better and more accessible. Qualified July shoppers can finance a CPO XE for 0.9% APR for 24 months or 1.9% for 36 months.
Autotrader says that for buyers looking for a fun and practical car, and if they like the value of CPO vehicles, then July is a good time to be looking for a certified Mazda. The certified pre-owned program for Mazda includes seven-year/100,000-mile powertrain coverage from the original sale date. It also features 12-month/12,000-mile bumper-to-bumper coverage starting the day you buy the car. For qualified shoppers, Mazda is financing 4.99% APR for 36 months. Autotrader says that is about average for a car loan interest rate. “But the big perk is that the payment for the first month is waived,” Autotrader said.
Seven years/100,000-miles of powertrain coverage from the original sale date is the offer for Subaru's certified pre-owned program. Subaru’s July offer: a financing deal of 1.99% APR for 2014-2019 CPO models to qualified shoppers. Autotrader calls that a good interest rate for a gently used Subaru, “and it's really nice that it applies to all models within that five-year range,” Autotrader said. With that wide variety, Autotrader said, buyers can look at vehicles such as the sporty WRX, the practical Outback wagon, or the quirky Crosstrek and can be sure they are getting a great value on a “unique car that's brimming with character.”
“Certified pre-owned programs are a smart choice for car shoppers looking to save money while still getting a vehicle that looks and drives as good as new,” said Autotrader executive editor Brian Moody. “Whether summer road tripping in the mountains or at the beach, consumers will have peace of mind due to the thorough inspection process and manufacturer-backed CPO warranties that rival those offered for some new cars.”