Acura Used Car Loan Rates Are Better Than New Cars

There are car shoppers who only buy second-hand vehicles. Why should they pay for the vehicle's depreciation when someone else is willing to do so? In addition, there are often amazing deals to be had on certified pre-owned vehicles (CPOs), especially when they were leased for only two or three years by their first driver. All have limited mileage, were generally well-maintained, and typically still offer factory warranties. But for those still unwilling to consider a CPO, Acura's latest offer might just change their mind.

As Cars Direct discovered, some certified pre-owned examples of the Acura ILX, Acura TLX, Acura RDX, and Acura MDX are now being offered for 0.99 percent APR for up to 60 months.

Not only is that one of the lowest used CPO rates Acura has ever offered, but it's also better than the current 2.9 percent the automaker is offering on a majority of its new vehicles when selecting a five-year loan.

Using a $35,000 vehicle as an example, a five-year loan with 0.99 percent interest comes to $35,888. At 2.9 percent, again for 60 months, that amounts to $37,641. Those willing to buy any of those aforementioned Acura CPO vehicles, at least with this $35k example, would be saving $1,750. If the vehicle costs $45,000, then the savings amount increases to $2,250.

In addition to the cost savings, Acura's CPO program benefits are also very good. Not only is there a two-year warranty, but also complimentary maintenance visits and free roadside assistance. It pays to be a smart car buyer. Acura also isn't the only automaker offering better financing on its CPOs over new vehicles.

Take the Subaru Crosstrek. Right now, there's a rate as low as 1.99 percent compared to 3.49 percent on a new equivalent. There is a slight catch, however. The low CPO rate is only good for loans up to 36 months while it's for up to 72 months when buying new.

In any case, one must always examine the fine print, but if you're interested in saving a couple of thousand bucks on a nearly new vehicle which still offers factory and dealership benefits, Acura's latest deal (and others like it) are the way to go.