Best Used Car Deals: February 2010

Shopping for a luxury car right now may not seem like the most responsible thing to do. However, many high-end automakers are putting out some very attractive deals on their certified pre-owned models that might be too good to pass up.

These used car deals are something buyers should give serious consideration. Credit companies usually see used-car buyers as bigger risks than new-car buyers, so used-car financing rates tend to be higher than new-car financing rates. When automakers offer special financing deals, it's time to pounce.

This month, we found financing deals on used cars from some of the very best names in luxury cars. We also found deals on used Hondas, which tend to offer great reliability, even when bought used. Cash back offers are rare on certified pre-owned vehicles, but shoppers can get a great deal by negotiating the sales price and taking advantage of reduced financing rates (see table below).

Looking to buy a used car?  We have aggregated thousands of Used Car Listings from from several car sites to help you find the best deal.

The Best Used Car Sales and Deals for this month are:

Mercedes 2007 Mercedes C-Class KBB Price: $23,695* Model: Select certified pre-owned Benzes Deal: 1.99% APR financing Summary: There really is nothing quite like driving a Benz. With the storied automaker offering 1.99 percent financing on select certified pre-owned models, you have the chance of owning a Benz at a startling price. The models available at this rate include the entry-level C-Class and the benchmark E-Class. If you're in the market for a midsize SUV, the M-Class is eligible for this deal. Mercedes is also offering this financing on the CLK- and the S-Classes. This promotion is applicable for the 20062007/2008 model years. Expires: 3/1/2010

BMW 2007 BMW X5 KBB Price: $31,215* Model: Select 2007/2008 BMW Models Deal: 0.9% financing or No-cost maintenance Summary: BMW is offering 0.9 percent financing on 2007 3-, 5-, 6- and 7-Series models, in addition to the X3, X5 and Z4. You can also get that rate on 2008 versions of the 3- and 5-Series. Of if you prefer, you can opt for the BMW no-cost maintenance program, where you get free maintenance for up to six years or 100,000 miles. Expires: 3/31/2010

Acura 2007 Acura TL KBB Price: $28,395* Model: Certified pre-owned RLs, TLs and RDXs Deal: 2.9% APR for 24 to 36 months Summary: Acura is Honda's luxury marquee and has been satisfying drivers for years. For buyers anxious about a used car's reliability, an Acura's Honda DNA and reliability should put those fears to rest. Getting 2.9 percent financing for 24 to 36 months on the classic RL, the sporty TL and the practical RDX only makes pre-owned Acuras look better. Qualified buyers can also opt for 4.9% financing for 37-60 months. Expires: 3/2/2010

Honda 2007 Honda Accord KBB Price: $16,670* Model: Certified pre-owned Accord sedan, hybrid, coupe and S2000s Deal: 2.9% for 24 to 36 months financing  Summary: Because of their reputation for reliability and solid resale value, Hondas make popular used cars. Buying a certified pre-owned Honda, with its inspection and longer warranty, makes buying a used Honda an even better proposition. Honda is offering 2.9 percent financing on certified pre-owned Accord sedans, coupes and hybrids. Honda is also offering the same rate on certified pre-owned S2000s, one of the best affordable sports cars on the market. 3.9% financing for 37-60 months is also available for qualified buyers. Expires: 3/2/2010

Interested in a New Car?  Check out our Best Car Deals this month.

*Kelley Blue Book prices reflect the suggested retail value of autos in excellent condition with 30,000 miles. All prices quoted as of 1/6/2010