Best Used Car Deals for June 2020

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CARFAX Car Fox in Front of Car DealershipGreat CPO Deals on Cars, Trucks, and SUVs

We’ve already covered why certified pre-owned cars can be a great choice, but here’s an extra incentive for considering a certified pre-owned car: Many automakers offer special deals on their CPO vehicles, just as they do on their new cars.

This is especially true this month due to the financial stress caused by the COVID-19 pandemic. Most automotive manufacturing facilities have been closed for well over a month now. This means new vehicles aren’t currently in production, so automakers are counting on used car sales. In addition, manufacturers and dealers understand that people may be facing difficult financial times. For this reason, they’re offering extra savings through cash back or low-interest financing offers, as well as deferred payments for several months.

Check out the best manufacturer-sponsored used car deals below:


Which Automakers Have June’s Best Used Car Deals?


0% Financing Deals

Volkswagen has the best used-car deals this month, with 0% financing rates for 60 months and zero down on select CPO models.

Zero-interest used car incentives are almost unheard of, especially with no money down.


0.9% Financing Deals

BMW and Infiniti are offering a rate just below 1.0% for 60 months.

Acura is offering financing rates of less than 1.0% for 36 months and 1.49% for 60 months on select CPO models.

Subaru has similar financing rates around 1.0%, but they don’t specify a term length.

Jaguar and Land Rover are offering 0.9% financing for 24 months or 1.9% financing for 36 months on most CPO vehicles.

These are good deals compared to the average used-car interest rates, which are around 5.26% for a short 36-month loan, according to Bankrate.com.


1.9% Financing Deals

Nissan isn’t far behind this month’s leaders, with 1.99% financing for up to 60 months and $450 cash back on select CPO models.

Audi has 1.99% financing for 66 months on most CPO vehicles, plus complimentary first-month’s payment up to $750.

Volvo has 1.99% rates for 72 months on select CPO vehicles.

Maserati is offering 1.9% financing for 60 months on most CPO vehicles.

Porsche is offering 1.95% financing for 60 months on select CPO vehicles.

Lexus is offering 1.9% financing for up to 60 months on select ES CPO models.

Mercedes-Benz has a rate of 1.99% for up to 36 months on many CPO vehicles.

Ford is offering deals around 1.99% for 36 months on select CPO models.


2.9% Financing Deals

Cadillac is offering 2.9% financing on some CPO vehicles.

Honda’s rate is 2.99% for 36 months on select CPO models.

Lexus is offering 2.9% financing for up to 60 months on select NX CPO models.

Toyota has 2.9% financing deals on most CPO models.


3.29% and Higher Financing Deals

Lincoln is offering 3.49% financing on its certified used cars, unless you get one of its top-of-the-line Black Label models, which are available with 1.9% financing.


Deferred payments

BMWInfinitiLexusMazda, Mercedes-Benz, Nissan, Porsche, and Toyota are offering no payments for the first three months.


Best Used Car Incentives by Brand


Used Acura Deals

Deal: 0.99% financing for 36 months and 1.49% for 60 months on Acura RDX and TLX CPO models

Expires: June 1

Find a Used Acura model


Used Audi Deals

Deal: 1.99% financing for 66 months on most CPO vehicles, plus complimentary first-month’s payment up to $750

Expires: Check with your dealer

Find a Used Audi model


Used BMW Deals

Deal: 0.9% financing for 60 months on select CPO models

Deal: $500 or $1,000 cash back, depending on model

Deal: No payments for three months on select BMW CPO models

Expires: June 1

Find a Used BMW model


Used Cadillac Deals

Deal: 2.9% financing for 60 months on Cadillac XT5, CTS, and Escalade CPO models

Expires: June 30

Find a Used Cadillac model


Used Ford Deals

Deal: 1.99% financing for 36 months on select Ford CPO models

Expires: June 30

Find a Used Ford model


Used Honda Deals

Deal: 2.99% financing for 36 months on CR-V, Civic, and Accord CPO models

Expires: June 1

Find a Used Honda model


Used Infiniti Deals

Deal: 0.99% financing for 60 months or 2.99% for 72 months on most Infiniti CPO models

Deal: No payments for three months on most CPO models

Expires: June 1 (financing), June 30 (deferred payments)

Find a Used Infiniti model


Used Jaguar Deals

Deal: 0.9% financing for 24 months or 1.9% financing for 36 months on most Jaguar CPO models

Expires: June 1

Find a Used Jaguar model


Used Land Rover Deals

Deal: 0.9% financing for 24 months or 1.9% financing for 36 months on most Land Rover CPO models

Expires: June 1

Find a Used Land Rover model


Used Lexus Deals

Deal: 1.9% financing for up to 60 months on select Lexus ES CPO models

Deal: 2.9% financing for up to 60 months on select Lexus NX CPO models

Deal: No payments for three months on all CPO models

Expires: June 1

Find a Used Lexus model


Used Lincoln Deals

Deal: 3.49% financing for 66 months on all Lincoln CPO models

Deal: 1.9% for 72 months on CPO Black Label models

Expires: June 30

Find a Used Lincoln model


Used Maserati Deals

Deal: 1.9% financing for 60 months on most Maserati CPO models

Expires: June 1

Find a Used Maserati model


Used Mazda Deals

Deal: No payments for three months on all Mazda CPO models

Expires: June 1

Find a Used Mazda model


Used Mercedes-Benz Deals

Deal: 1.99% financing for up to 36 months on many Mercedes-Benz CPO models

Deal: No payments for three months on all CPO models

Expires: June 1

Find a Used Mercedes-Benz model


Used Nissan Deals

Deal: 1.99% financing for 60 months on most Nissan Versa, Sentra, Altima, Rogue, and Rogue Sport CPO vehicles

Deal: $450 cash back on select Nissan CPO models

Deal: No payments for three months on select CPO models

Expires: June 1 (financing), June 30 (deferred payments)

Find a Used Nissan model


Used Porsche Deals

Deal: 1.95% financing for 60 months on select CPO vehicles

Deal: No payments for three months on select CPO models

Expires: June 1

Find a Used Porsche model


Used Subaru Deals

Deal: 0.99% financing for a limited term on select Subaru CPO models

Expires: June 1

Find a Used Subaru model


Used Toyota Deals

Deal: 2.9% financing on some CPO models

Deal: No payments for three months on all CPO models

Expires: July 6

Find a Used Toyota model


Used Volvo Deals

Deal: 1.99% for 72 months on select S60, S60 Cross Country, V60, and V60 Cross Country CPO models

Expires: Check with your dealer

Find a Used Volvo model


Used Volkswagen Deals

Deal: 0% financing for up to 60 months and zero down on select CPO models

Expires: June 30

Find a Used Volvo model


Shopping Tools From Carfax

If you’re looking for a great deal on your next used car, the incentives above should provide a solid starting point. Once you’ve decided on a deal that suits you, click on the link below the deal to see used car listings for that brand. With Carfax’s Used Car Listings, you can filter by CPO, accident history, number of owners, and more.

All used cars listed on Carfax come with a free Carfax Vehicle History Report, which provides you with comprehensive information about the vehicle. This can include important details like its service history, accident record, odometer reading, and the number of owners.

Our list of used car deals has been carefully researched to ensure that only accurate information is published. Nevertheless, keep in mind that manufacturer deals are subject to change, and terms and conditions may apply. Car deals can also vary by region, and the best rates are typically reserved for buyers with the best credit ratings. Consult your local dealer to learn about the latest CPO incentives available in your area.