A new announcement from Cadillac will make its certified pre-owned models even more appealing to customers. From now through June, Cadillac dealers will make the first three payments on all pre-owned vehicles purchased by customers. In addition, Cadillac is offering interest rates as low as 1.9 percent.
Cadillac says this will help introduce first-time luxury-car buyers to the brand by making it more affordable for them to get a certified car. All certified Cadillacs receive a 172-point inspection prior to sale, and are backed by a six-year, 100,000-mile warranty with 24-hour roadside assistance. The company says that its pre-owned program helps maintain Cadillac's quality reputation and improve new-car resale values, noting that IntelliChoice ranked Cadillac's pre-owned program better than those of Mercedes-Benz, Lexus, Audi, and BMW.
The coverage afforded by the Cadillac program is similar to that offered by its aforementioned competitors. Certified Audi and BMW models, for instance, get a six-year, 100,000-mile warranty; Mercedes-Benz provides a five-year, 100,000-mile warranty on all pre-owned cars; and Lexus offers three years and 100,000 miles of coverage.