Can You Lease a Used Car?

Tiny car with coins and finance paperwork

Are you in the market for another car around Richmond but also faced with a tight budget? Many used or certified pre-owned options are just as excellent as buying a new car outright. But perhaps you’re not fully committed or able to invest in buying a car, even pre-owned. 

So, what’s the alternative? Can you lease a used car? Used car leasing is usually an option with car manufacturers, though not heavily advertised. If you’re interested in used car leasing, Short Redmond SuperStore can give you the inside information on the process. 

Which Automakers Allow Used Car Leasing?

Most manufacturers can lease you a used car, though usually only certified pre-owned vehicles are allowed to be leased. Here is a list of manufacturers that are said to offer certified pre-owned leasing, according to the National Automobile Dealers Association (NADA):

  • Acura
  • Audi
  • BMW
  • Chrysler
  • Dodge
  • Ferrari
  • FIAT
  • Honda
  • Hyundai
  • Jeep
  • Kia
  • Lexus
  • Lincoln
  • Mazda
  • Mercedes-Benz
  • MINI
  • Mitsubishi
  • Nissan
  • Porsche
  • RAM
  • Toyota
  • Volkswagen
  • Volvo

Benefits of Used Car Leasing

What can you expect when you lease a used car near Winchester? Consider these benefits: 

  • Monthly Payment Amount: Used cars depreciate in value more slowly – so the difference between sale price and the estimated value at the lease’s end will be smaller and monthly payments will be lower. 
  • Potential for Lease Buyout: As noted above, the estimated value will make a lease buyout more affordable when you reach your lease’s end. Mileage limits as agreed in your lease terms might still apply.
  • Lower Insurance Rates: Finally, you are likely to get a better and lower car insurance rate around Danville as the insurance costs are usually based on the CPO car’s worth.

Contact Us With Questions About Used Car Leasing

Can you lease a used car? The process couldn’t be any clearer! If you still have lingering questions about used car leasing, contact the team at %%d_name%%. Otherwise, utilize our used vehicle research guides to find the used or pre-owned vehicle of your dreams. In the meantime, learn what is considered good mileage on a used car.

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