Through the end of February, Audi is offering buyers all of its certified pre-owned models from 2013 to 2017 at 1.99-percent interest for up to 24 months.
That is one of what Autotrader describes as the best CPO deals to help shoppers find and purchase a pre-owned vehicle this month.
Autotrader notes that car buyers at this time of year can find a good deal on a vehicle. Dealerships should have a strong selection in February on certified pre-owned vehicles because of year-end trade-ins and vehicles coming off-lease.
“Certified pre-owned vehicles should be high on every shopper’s list, since they come backed with warranties and still have years of useful life left, offering a like-new vehicle at a lower price,” Brian Moody, executive editor for Autotrader, said in a news release.
Following are some of the best CPO deals in February, according to Autotrader editors:
BMW’s certified pre-owned program: The automaker’s certified pre-owned warranty is more appealing than usual because of an incentive from BMW, according to Autotrader. Through the end of February, qualified shoppers can get 1.99-percent interest for up to 24 months on a certified, pre-owned 2015 or 2016 model. That is a good deal for a used car, even if the term is shorter than usual, Autotrader said.
The program covers vehicles for one year with no mileage limit beyond the original factory warranty, and drivers who want to add additional coverage can do so for an extra fee, according to Autotrader.
Buick’s certified pre-owned program: The program offers six years or 100,000 miles of powertrain coverage, along with an additional year of bumper-to-bumper coverage from the expiration of the original warranty, according to Autotrader. Buick is currently offering 1.9 percent interest for up to 36 months to qualified shoppers for a certified pre-owned Encore or Enclave luxury crossover.
Autotrader scores Cadillac’s certified pre-owned program as having some of the best coverage in the luxury car space, with six years or 100,000 miles of comprehensive coverage from the original sale date. The compact ATS, the Escalade SUV and the SRX crossover are available with 2.9-percent interest for up to 36 months to qualified buyers. That is a good rate and a desirable term length, especially taking Cadillac’s available warranty into account, Autotrader said.
For Chevrolet’s pre-owned program, see Buick. Like its fellow General Motors brand, Chevrolet offers the same six years or 100,000 miles of powertrain coverage from the original sale date, along with an extra year of bumper-to-bumper coverage. Chevrolet is also offering 1.9 percent interest for up to 36 months to qualified shoppers on its Bolt electric hatchback, the Cruze compact, the Equinox and Traverse crossovers, the Malibu midsize sedan and the Volt plug-in hybrid.
Autotrader describes Land Rover’s certified pre-owned program as offering “excellent” coverage, with seven years or 100,000 miles of comprehensive warranty coverage from the original sale date. Autotrader says that is one of the longest terms in the industry. Land Rover is also offering various interest rate incentives, including 0.9 percent interest for up to 24 months for all models. Depending on the Land Rover model and model year, qualified shoppers can also get 1.9 percent, 2.9 percent or 2.9 percent for up to 36 months.
Nissan’s CPO program regrettably doesn’t offer any additional comprehensive coverage beyond powertrain coverage for up to 6 years or 100,000 miles, according to Autotrader. However, some incentives on the Altima sedan and Rogue crossover make the program especially strong in February, Autotrader said. Qualified shoppers choosing certified pre-owned versions of either models can get 3.9 percent interest for up to 60 months through the end of the month, which Autotrader describes as a good rate over such a long term for a used vehicle.
Toyota is offering powertrain coverage for up to six years or 100,000 miles as part of its certified pre-owned program, plus up to a year of comprehensive coverage. In February, a special interest rate is available to qualified buyers who decide on a CPO Camry or Camry Hybrid, with Toyota offering 3.9-percent interest for up to 36 months.
And now, back to Audi: In addition to the special incentive discussed earlier, Audi’s certified pre-owned program offers one year of additional comprehensive warranty coverage beyond the original factory warranty and if they wish, drivers can pay more to add extra coverage.