Can You Lease a Used Car?

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Interested in upgrading your Belleville commute with an affordable vehicle? At Auffenberg CDJR, we offer an excellent selection of used and certified pre-owned cars to help you get the vehicle that’s right for you without breaking the bank. If you’re not sure if buying your next ride is right for you, you may be wondering, “can you lease a used car?” Used car leasing is offered by some manufacturers, so contact our team for additional information.

Used Car Leasing: What to Know

Typically, manufacturers only allow car shoppers to lease certified pre-owned vehicles since they have to be fewer than four model years old and less than 48,000 miles on the odometer. If you’re interested in leasing a CPO vehicle, you need to visit a franchised dealership like Auffenberg CDJR. 

According to the National Automobile Dealers Association (NADA), the manufacturers that 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.

How Does Used Car Leasing Work?

Certified used car leasing follows a similar process to new car leasing. The monthly payments will be the difference between the sale price of the car and its estimated lease-end value. Since used vehicles depreciate slower than new cars do, this process could be beneficial to Smithton shoppers since your monthly payments will end up being much lower.

Like new car leasing, when you visit our dealership to return your CPO lease, there will be mileage limits that you have to follow.

What Are the Benefits of a Used Car Lease?

  • Monthly Payment Amount: As mentioned above, shoppers can lease a used car at a lower monthly price than with a new car. 
  • Potential for Lease Buyout: The estimated value of a used car is lower at the lease-end in comparison to a new vehicle, which makes a lease buyout more affordable with a used car when it’s the end of your lease term. 
  • Lower Insurance Rates: With a CPO lease, drivers can see lower insurance costs depending on the vehicle’s value.

Learn More About Used Car Leasing Today!

We’ve answered, can you lease a used car, and now it’s time to visit our dealership near Smithton for your next used vehicle. Don’t hesitate to contact our team if you have any additional questions in the meantime.

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