ATLANTA — Autotrader today released its Top 8 certified pre-owned programs for the holiday season. According to the company, these certified pre-owned vehicles offer consumers the reliability and safety of a new vehicle, but at a more affordable price.
"CPO vehicles are perfect for qualified shoppers who don't want to spend a fortune on a new car, but who are concerned about the repair bills that can accompany used vehicles," said Brian Moody, executive editor at Autotrader. "CPO vehicles come with a long manufacturer-backed warranty for increased peace of mind, and often include deals and incentives to lower already-discounted costs even more."
One of the program's on the list, the Acura CPO program, features a powertrain warranty that covers up to seven years or 100,000 miles from the sale date and offers an additional year of bumper-to-bumper coverage. Specific to December, consumers can also qualify for 1.9% interest on a loan up to 36 months for all CPO models except for the TL, TLX, ILX sedans, and the MDX and RDX crossovers.
Another program on the list, BMW’s CPO program, boasts a six-year or 100,000-mile bumper-to-bumper coverage. For December, the brand is also offering qualified consumers 0.9% interest for up to 72 months on 2013 or 2014 CPO 3 Series models.
Buick’s CPO program features a six-year, 100,000-mile powertrain warranty with an additional year of bumper-to-bumper coverage. Up to 36 months of 1.9% interest is also available on all Buick Models.
For consumers looking for an SUV or truck, GMC’s CPO program may offer what they’re looking for. Each CPO vehicle from GMC comes with one year or 12,000 miles of bumper-to-bumper coverage plus a six-year, 100,000-mile powertrain warranty. In December, qualified buyers can also receive 1.9% interest for up to 36 months.
Consumers who opt for a Lexus IS through Lexus’ CPO program will get two years of bumper-to-bumper coverage with no mileage limit, the company stated. Those who qualify will also receive 0.9% interest for up to 60 months.
Lincoln’s CPO program, another on the list of top CPO programs for December, features six years or 100,000 miles of bumper-to-bumper coverage and 2.9% interest rate for up to 66 months.
Mercedes-Benz offers a CPO program with one year of bumper-to-bumper coverage with no mileage limit. To stay competetive with programs from BMW and Audi, the brand also offers consumers the ability to extend their warranties at no charge. Those who qualify can also receive a 1.99% interest rate for up to 48 months and two years of complimentary prepaid maintenance on the brand’s E-Class sedan.
Nissan, the final brand on Autotrader's list, offers a seven-year, 100,000-mile powertrain warranty through its CPO program. Specific to December, consumers who qualify can receive interest rates as low as 1.95% for up to 36 months on all CPO models or 2.95% for up to 72 months on certain models. During December, the brand is also offering $400 cash back on certain CPO models.