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Best Used Car Deals for May 2021

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Every Used Car Financing Incentive in May

Certified pre-owned (CPO) cars can be a great choice for many reasons. However, one of the most important reason to consider a CPO car is that many automakers offer special incentives on their CPO vehicles, much like they do on their new cars.

In addition, manufacturers and dealers understand that many people are facing tough financial times and unable to commit to purchasing or leasing a new vehicle. For this reason, they’re offering extra savings through cash back or low-interest financing offers, as well as deferred payments for several months. (Learn more about how to finance a car.)

Other Car Deals

Note: Most of these deals are manufacturer-sponsored offers on certified pre-owned (CPO) cars. Availability may vary by dealer.

Best Used Car Deals by Finance Rate

Used Car Deals With 0% Financing

Used Car Deals With 0.9% Financing

  • Acura is offering 0.99% financing for 36 months on select MDX and TLX CPO models.
  • BMW has a rate just below 1.0% for 36 months, plus $500, $750, or $1,000 cash back, depending on the model.
  • Buick has 0.9% financing on select Encore CPO models.
  • Chevrolet is offering 0.9% financing on select Bolt EV, Equinox, and Volt CPO vehicles.
  • Ford has 0.99% financing for 36 months on select CPO models.
  • GMC is offering 0.9% financing on select Terrain CPO models.
  • Jaguar and Land Rover are offering 0.9% financing for 24 months on most CPO vehicles.
  • Subaru has similar financing rates of around 1.0%, but it doesn’t specify a term length.
  • Toyota is offering 0.99% financing on select Mirai CPO models.
  • Volkswagen has 0.99% APR for 60 months on all Jetta and Tiguan CPO models.

Used Car Deals With 1.49 to 1.9% Financing

  • BMW is offering 1.9% for 60 months on CPO models.
  • Honda has 1.49% financing on select Accord and Civic CPO models.
  • Infiniti is offering 1.99% financing for 36 months on all 2016-2021 CPO models.
  • Jaguar and Land Rover are offering 1.9% financing for 36 months on most CPO vehicles.
  • Lexus has 1.9% financing for 60 months on select CPO vehicles.
  • Lincoln is offering 1.99% for 66 months on select Corsair, MKC, MKX, MKZ, and Nautilus CPO models.
  • Mercedes-Benz has a rate of 1.99% for up to 36 months on most CPO vehicles.
  • Maserati has 1.9% financing for 60 months on most CPO models.

Used Car Deals With 2.49 to 2.9% Financing

  • Cadillac has 2.9% financing for 36 months on CTS, Escalade, and XT5 CPO models.
  • Infiniti has 2.99% financing for 72 months on all 2016-2021 CPO models.
  • Lincoln is offering 2.99% for 66 months on select CPO vehicles.
  • Toyota is offering 2.99% financing on select CPO vehicles.

These are good deals compared to the average used-car interest rates, which typically range from 4.08% to 20.67%, according to Bankrate.com.

Used Car Deals With Deferred payments

  • BMW is offering deferred payments for the first three months. Other automakers may have similar offers in some areas.
2020 Chevrolet Bolt EV / Photo Credit: Chevrolet

2020 Chevrolet Bolt EV / Photo Credit: Chevrolet

Best Used Car Deals by Brand

Used Acura Deals

  • Offer: 0.99% financing for 36 months on select Acura MDX and TLX CPO models

Expires: June 1

Find a Used Acura model | Get details from Acura

Used BMW Deals

  • Offer: 0.9% financing for 36 months or 1.9% financing for 60 months on BMW CPO models
  • Offer: $500, $750, or $1,000 cash back, depending on model
  • Offer: No payments for three months on select BMW CPO vehicles

Expires: June 30

Find a Used BMW modelGet details from BMW

Used Buick Deals

Expires: July 5

Find a Used Buick modelGet details from Buick

Used Cadillac Deals

  • Offer: 2.9% financing for 36 months on Cadillac CTS, Escalade, and XT5 CPO models

Expires: June 1

Find a Used Cadillac modelGet details from Cadillac

Used Chevrolet Deals

Expires: July 5

Find a Used Chevrolet modelGet details from Chevrolet

Used Ford Deals

  • Offer: 0.99% financing for 36 months on select Ford CPO models

Expires: July 6

Find a Used Ford modelGet details from Ford

Used GMC Deals

  • Offer: 0.9% financing on select GMC Terrain CPO vehicles

Expires: July 5

Find a Used GMC modelGet details from GMC

Used Honda Deals

  • Offer: 1.49% financing on select Honda Accord and Civic CPO models

Expires: June 1

Find a Used Honda modelGet details from Honda

Used Infiniti Deals

  • Offer: 1.99% financing for 36 months on all 2016-2021 Infiniti CPO models
  • Offer: 2.99% financing for 72 months on all 2016-2021 Infiniti CPO models

Expires: June 1

Find a Used Infiniti modelGet details from Infiniti

Used Jaguar Deals

  • Offer: 0.9% financing for 24 months or 1.9% financing for 36 months on many Jaguar CPO models

Expires: June 1

Find a Used Jaguar modelGet details from Jaguar

Used Land Rover Deals

  • Offer: 0.9% financing for 24 months or 1.9% financing for 36 months on all Land Rover CPO models

Expires: June 1

Find a Used Land Rover modelGet details from Land Rover

Used Lexus Deals

  • Offer: 1.9% for 60 months on select Lexus CPO models

Expires: Check With Your Dealer

Find a Used Lexus modelGet details from Lexus

Used Lincoln Deals

  • Offer: 0% for 36 months or 1.99% for 66 months on select Corsair, MKC, MKX, MKZ, and Nautilus CPO models
  • Offer: 2.99% for 66 months on select Lincoln CPO vehicles
  • Offer: Free 3-month SiriusXM Satellite Radio All Access subscription

Expires: July 6

Find a Used Lincoln modelGet details from Lincoln

Used Maserati Deals

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

Expires: Check With Your Dealer

Find a Used Maserati model | Get details from Maserati

Used Mazda Deals

  • Offer: 2.9% financing for 60 months on all Mazda3 and CX-5 CPO models

Expires: Check With Your Dealer

Find a Used Mazda modelGet details from Mazda

Used Mercedes-Benz Deals

  • Offer: 1.99% financing for up to 36 months on most Mercedes-Benz CPO models

Expires: June 1

Find a Used Mercedes-Benz model | Get details from Mercedes-Benz

Used Nissan Deals

  • Offer: $750 cash back on select CPO models
  • Offer: Complimentary 1-Year Maintenance Plan on CPO vehicles

Expires: Check With Your Dealer

Find a Used Nissan modelGet details from Nissan

Used Subaru Deals

  • Offer: 0.99% financing for a limited term on all 2016-2021 Subaru CPO models

Expires: June 1

Find a Used Subaru modelGet details from Subaru

Used Toyota Deals

  • Offer: 0.99% financing on select Toyota Mirai CPO models
  • Offer: 2.99% financing on select CPO models

Expires: June 1

Find a Used Toyota modelGet details from Toyota

Used Volkswagen Deals

  • Offer: 0.99% APR for 60 months on all Volkswagen Jetta and Tiguan CPO models

Expires: May 31

Find a Used Volkswagen model | Get details from Volkswagen

Used Volvo Deals

  • Offer: 0.99% for 24 to 36 months on select Volvo CPO models

Expires: Check with your dealer

Find a Used Volvo modelGet details from Volvo

2020 Lincoln Corsair

2020 Lincoln Corsair / Photo credit: Lincoln

More About the Best Used Car Deals Right Now

If you’re in the market for a used car, the information above should make it easier to find the best deal. When you find a deal that interests 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 vehicles listed on Carfax come with a free Carfax Vehicle History Report, which provides you with comprehensive information about the car. 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 the information is accurate and up to date. Nevertheless, manufacturer deals are subject to change, and terms and conditions may apply. In addition, car deals can also vary by region, and the best rates are typically reserved for buyers with the best credit ratings. For these reasons, it’s wise to check with your local dealer to learn about the latest CPO incentives available in your area.

Be sure to check back here often as this article is updated regularly as manufacturers publish the latest incentives.

Next Steps

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