Some car shoppers only purchase used vehicles. When someone else is willing to pay for the vehicle's depreciation, why should they? In addition, certified pre-owned vehicles (CPOs) frequently offer fantastic deals, particularly when their first driver leased them for only two or three years. All of them still have factory warranties, have low mileage, and are typically well-maintained. Acura's most recent offer, on the other hand, might just convince those who are still hesitant to consider a CPO.
Cars Direct discovered that some certified pre-owned examples of the Acura ILX, TLX, RDX, and MDX are now available for up to 60 months at an APR of 0.99 percent. That is not only one of the lowest rates Acura has ever offered for used CPO vehicles, but it is also better than the 2.9% rate the company currently offers on the majority of its new vehicles when choosing a five-year loan.
A five-year loan with a 0.99 percent interest rate on a $35,000 vehicle is $35,888. Again, for 60 months, that is $37,641 at 2.9 percent. With this $35K example, those who are willing to purchase any of the aforementioned Acura CPO vehicles would save $1,750. The savings increase to $2,250 if the vehicle costs $45,000.
The benefits of Acura's CPO program are excellent, as are the cost savings. In addition to the two-year warranty, there are free maintenance visits and roadside assistance. It pays to shop around for a car. Additionally, Acura is not the only automaker that offers better financing options for pre-owned vehicles than for new ones. Take the Crosstrek from Subaru. Compared to a new equivalent's 3.49 percent rate, the current rate is as low as 1.99 percent. However, there is a small catch. The low CPO rate is only available for loans with terms of up to 36 months, not 72 months for new purchases.
In any case, you should always read the fine print, but Acura's most recent deal—and others like it—is the way to go if you want to save a few thousand dollars on a nearly new vehicle that still comes with factory and dealership benefits.
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