A new car typically sells for about $31,000, where a decent used model goes for $19,000. However, sometimes people are hesitant to purchase a used car. People want to be sure that they are getting a good price, a good model, and a good deal.
Many automakers now offer certified pre-owned (CPO) cars which can help a person purchase a reliable used car from a dealer at a good price.
These cars typically have minimal miles and have been inspected and approved for sale.
These cars often come with an extended warranty, free satellite radio, and more benefits that are often appealing to consumers. According to Brian Moody, executive editor with Autotrader, “Shopping CPO is ideal for price-conscious car shoppers that do not want to sacrifice quality over a good deal.”
There are several CPO programs currently being offered by automakers that are worth looking into:
BMW: BMW is offering extensive warranty coverages and some models are being offered with only 0.9 percent financing.
Ford: Ford is offering longtime warranty coverage and a low financing interest rate of 2.9 percent.
Land Rover: Land Rover is offering warranty coverage and minimal financing for up to 60 months.
Nissan: This program comes with added powertrain coverage, decent finance pricing, and cash back on certain vehicles.
Click here for the full list of the best CPO programs to consider this spring.