Can You Lease a Used Car?

If you’ve been weighing the idea of buying vs. leasing, you may have wondered if you can lease a used car. While not a common practice, some dealerships offer used car leasing. Many times, the vehicles up for lease are part of the certified pre-owned program. If you’re interested in pursuing used car leasing as an option, the Ford, Buick, Chevrolet, Cadillac, and GMC brands don’t offer it. To inquire about leasing a used model, contact Wolfchase Honda, serving Arlington and the surrounding communities.

Facts About Used Car Leasing 

Used car leasing offers car shoppers the freedom of a lease combined with the low monthly payments associated with used vehicles. Keep these facts in mind when deciding if used car leasing is right for you:

• Which Used Cars Can Be Leased? – Most used car leases are only offered for certified pre-owned vehicles, which means drivers can rest assured these vehicles have been vetted with a rigorous multi-point inspection. Used lease prices may not be advertised, so it’s a good idea to contact us to find out if it’s a possibility.
• New Car vs. Used Car Leasing – With both leasing options you’ll need to return the vehicle after the lease term is up, and you’ll still need to meet mileage limits. However, a used car lease will cost you less. 
• Buying a Used Car After the Lease Ends – If a dealership offers used car leases, you’ll most likely have the option to purchase after the lease is up. That gives you a lower residual value than performing a lease buyout on a newer model. 
• Insurance for a Leased Used Car – Insurance costs are partly dictated by the value of the car, so it’s possible a used vehicle lease will mean you have a lower premium. 

While maintenance costs tend to be higher on a certified pre-owned car, they often include an extended warranty that covers many important components. 

Learn More About Used Car Leasing at Wolfchase Honda

If you have more questions about new or used car leasing, get in touch with the finance center at Wolfchase Honda. We’re located just a short trip from Cordova.