ATLANTA, Nov. 7, 2018 /PRNewswire/ -- The holiday shopping season has arrived and automakers are getting into the spirit by offering their own markdowns this season, making November a month when car buyers can find some good deals. Consumers can add to these savings by considering certified pre-owned vehicles.
"For consumers looking to save even more on their car purchase, certified pre-owned vehicles can be a great option," said Brian Moody, executive editor for Autotrader. "CPO vehicles undergo thorough inspections, come with warranty coverage and often have low mileage. The savings on the car purchase can be particularly helpful at a time of year when spending on other items goes up."
The editors at Autotrader have rounded up some of the best CPO deals to help shoppers find that perfect certified pre-owned vehicle this month.
Autotrader Editors' Top Picks for Certified Pre-Owned Deals for October 2018
Cadillac's certified pre-owned program is excellent, offering 6 years or 100,000 miles of comprehensive coverage. Cadillac is offering a strong incentive on CPO versions of its Escalade and its SRX: through the end of December, qualified shoppers can get both models with 2.9 percent interest for up to 36 months, which is an exceptional deal for used vehicles.
Ford's certified pre-owned program offers powertrain coverage for up to 7 years or 100,000 miles from the original sale date, along with extended comprehensive coverage for even more protection. Ford's CPO program is offered with one incentive to make it even more enticing: through the end of December, qualified shoppers can get 3.99 percent interest on all CPO Ford models for up to 60 months -- a good deal for a used vehicle.
Honda's certified pre-owned program touts two warranties: powertrain coverage that lasts for up to 7 years or 100,000 miles from the original sale date, and limited bumper-to-bumper protection that adds an additional year of warranty coverage. In November, Honda is offering its CPO cars with an extra incentive: qualified buyers can get 1.99 percent interest for up to 36 months on certain CPO Honda models -- a short loan term, but an excellent interest rate.
Lexus's certified pre-owned warranty is among our favorite, as it offers comprehensive coverage for up to 6 years with no mileage cap -- a rarity with manufacturer warranties. Lexus has another deal to sweeten the pot on its CPO models: through the end of December, qualified shoppers can get 3.9 percent interest for up to 60 months on all CPO RX models, including the three-row RXL and the fuel-efficient RX Hybrid.
Mazda's certified pre-owned program offers strong coverage, touting 7 years or 100,000 miles of powertrain protection in addition to an extra year of comprehensive warranty coverage. Mazda is also currently offering another great benefit to go along with its CPO program: through the end of the year, qualified shoppers can get 0.9 percent interest for up to 36 months on all CPO Mazda models -- a great deal, even though it's only available for a short term.
Nissan's certified pre-owned program offers excellent powertrain coverage, boasting a warranty that lasts for up to 7 years or 100,000 miles from the original sale date. This month, Nissan is combining the Altima and Rogue with its CPO program and is offering an excellent incentive: through the end of November, qualified buyers who buy a CPO Altima or Rogue can get 2.99 percent interest for up to 60 months, which is a good rate over a desirable long loan term.
Subaru's certified pre-owned program offers powertrain coverage for up to 7 years or 100,000 miles from the original sale date. Through the end of November, Subaru's CPO program also offers another benefit: a low interest rate for qualified shoppers. Qualified shoppers interested in financing a CPO Subaru can get interest rates as low as 1.99 percent for up to 36 months, which is an exceptionally low term for a used model.
Volkswagen's certified pre-owned program offers varying warranty terms based on specific model lines: 2018 models get 1 year or 12,000 miles of additional warranty coverage, 2017 models get 2 years or 24,000 miles of extra coverage and models from 2016 and earlier get 2 additional years with no mileage limit. In November, Volkswagen is making its CPO program even more alluring by offering a strong incentive to qualified shoppers looking to finance a CPO model: 3.49 percent interest for up to 60 months, which is a desirable long loan term.
To see Autotrader's full coverage of the CPO programs mentioned and available inventory, please visit https://www.autotrader.com/car-deals/these-are-best-november-2018-new-car-deals-281474979893612.
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