Can You Lease a Used Car?

Leasing has been a viable option available to new car customers for years, but some may wonder if you can do the same for a pre-owned vehicle. So, can you lease a used car?

While this may not be as common or even available at every dealership you visit around North Las Vegas and Las Vegas, some do offer this option alongside their certified pre-owned programs. Learn more about used car leasing and how to get started with the helpful experts at Findlay Acura!

 

Used Car Leasing Facts

Leasing a used car can ultimately be a smart option if you have it available to you. Used car leasing often allows drivers to have lower monthly payments as well as the freedom that a lease grants you. Here are some additional things you should realize about used car leasing:

  • finance paperwork

    Used vs. New Car Lease – Of course, leasing a used car will usually cost less than the monthly lease payments you could expect from a new model. You can still expect many of the same benefits of leases, however.

  • Which Used Cars Can Be Leased? – Not every used car can be leased. In fact, certified pre-owned models are commonly the only used cars that are offered with leases. However, used car lease pricing may not always be advertised, so it is beneficial to contact a dealership and ask about the possibility of used car leasing.
  • Insurance for a Leased Used Car – The cost of insurance for a vehicle is partly dictated by its value. Leasing a used car could result in you having to pay less for car insurance.
  • Can I Buy a Used Car After I Lease? – If you are able to lease a used car at a dealership, then you should be able to purchase the car outright once your lease term is up. This provides drivers with a lower residual value than performing a lease buyout on new models.
  • CPO Vehicle Warranties – You could end up having more expected maintenance costs on certified pre-owned cars than newer models, but CPO vehicles also offer extended warranties that cover plenty of important components.

Speak with the Finance Team at Findlay Acura

Now that you know more about used car leasing, you can find more car buying features such as trading in a financed carfinancing vs. leasing, lease buyoutsand liability insurance coverage. Be sure to check out our inventory of used and certified pre-owned models for sale to find what suits your budget and your driving needs. Contact us today if you have any questions or visit our dealership near Mesquite!

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