Can You Lease a Used Car?

Woman shaking mans hand over a car contract clipboard with car keys

 

Are you in the market for a used vehicle to help make your commute around Costa Mesa more enjoyable? If you’re looking to save a little cash, you may consider a used vehicle purchase. However, you may not want to make the commitment of financing and are looking for other options. Used car leasing could be your ticket to a new ride for your Anaheim drives. Learn more about used car leasing with the experts at Weir Canyon Acura! For more information, feel free to contact us anytime!

 

 

Some Tips for Used Car Leasing

So, can you lease a used car? Yes! However, it’s quite common throughout the industry to only allow certified pre-owned vehicles to be leased. Often, vehicles must have less than 48,000 miles on them, and be less than 4 years old. So, if you’re looking into used vehicle leasing, you should consider visiting a dealership such as Weir Canyon Acura where you can find certified pre-owned inventory.

According to the National Automobile Dealers Association (NADA), the brands that allow used vehicle leasing are 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 To Lease a Used Vehicle

Used car leasing is quite similar to leasing a new car, the difference between the sale price and the price of the vehicle at the end of the lease will be used to calculate your monthly payment.

By leasing a used car, drivers in Tustin can save thousands of dollars, as the price of the vehicle at lease-end won’t differ nearly as much as a new vehicle, lowering your monthly payment.

When the lease is over, you just simply return the vehicle to your Anaheim dealership. It’s important to note that just like a new car lease, you’ll have to agree to the set mileage limits.

Advantages of Used Car Leasing

  • Lower Monthly Payment: Due to slower depreciation, you’ll be able to take advantage of lower monthly payments.
  • Lease Buyout: Because the price of the vehicle will be lower at the end of the lease, it will be easier to purchase the car outright at the lease end.
  • Lower Insurance Rates: Insurance rates are often lower on a CPO lease, as insurance companies base a percentage of their rate on the value of the vehicle.

Learn More About Used Car Leasing with Weir Canyon Acura!

So, can you lease a used car? Yes! So, come see our certified pre-owned vehicle inventory and visit our finance center to start the buying process. Be sure to take advantage of our lease specials to save near Montclair!

 

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