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Can You Lease a Used Car?

Lease Agreement

 

Are you in the market for a used car to elevate your drives around Nickerson? For the budget minded, you may want to consider a used or certified pre-owned vehicle to save some money. However, what if you’re not ready to take on the commitment of a new car? You may have asked yourself, “Can you lease a used car?” Yes, many manufacturers offer used car leasing, however, you won’t see commercials about it on TV.

Learn more about used car leasing with the experts at Allen Samuels Chrysler Dodge Jeep Ram in Hutchinson! For more information, feel free to contact us anytime!

Facts About Used Car Leasing

Used car leasing is quite common and is offered by many manufacturers, however, it is usually only available on certified pre-owned inventory. On average, most certified pre-owned vehicles must be less than four years old and have less than 48,000 total miles. Therefore, if you’re interested in used car leasing, it will only be available at franchised dealerships like Allen Samuels Chrysler Dodge Jeep Ram, as certified pre-owned vehicles are only available at these types of dealerships.

According to the National Automobile Dealers Association (NADA), the list of manufacturers which are said to offer CPO leasing includes Acura, Audi, BMW, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.

Used Car Leasing: How Does It Work?

Used car leasing is quite similar to leasing a new car. The only difference is that the used car lease will require smaller monthly payments, as the value at the end of the lease won’t change as drastically.

For those looking for used car leasing in Buhler, you’ll be happy to know that used vehicles depreciate much slower than a brand new car. Therefore, the value at the end of the lease will be closer to the value at the beginning, resulting in a lower monthly payment.

Similar to leasing a new car, when your lease comes to an end, you’d return your certified pre-owned vehicle lease to the dealership. It’s also important to keep in mind the mileage limits of a lease.

Advantages of Used Car Leasing

  • Monthly Payment Amount: You will have a lower monthly payment with a used car lease, as it will not depreciate as rapidly.
  • Lease Buyout: Because the lease end value on a used vehicle is much lower compared to a new vehicle, it will be easier to purchase your vehicle at the end of the lease term.
  • Lower Insurance Rates: With used car leasing, you can take advantage of lower insurance rates, as part of the price of your insurance policy is determined by the value of the vehicle.

Reach Out to Allen Samuels Chrysler Dodge Jeep Ram to Learn More About Used Car Leasing!

Now that you know the answer to “Can you lease a new car?”, stop by and see us at Allen Samuels Chrysler Dodge Jeep Ram in Hutchinson! You can meet with our finance center to learn more about your options for used car leasing around Newton! If you have a vehicle to trade, use our “value your trade” tool to see how much your car’s worth!

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Allen Samuels Dodge Chrysler Jeep Ram, New Car Dealers, Hutchinson, KS