Can You Lease A Used Car?

Are you searching for the answer to, can you lease a used car? If so, Boggus Tipton Chrysler Dodge Jeep Ram in Brownsville has the answer. Yes, yes, you can! Used car leasing is not advertised as much as new car leasing, but leasing a used or certified pre-owned vehicle is doable. Keep reading to learn more; if you have any questions, feel free to contact us!

Used Car Leasing Facts

Used car leasing does come with some stipulations. Most manufacturers only allow leases for certified pre-owned cars, trucks, or SUVs. To be more precise, certified pre-owned (CPO) vehicles must be less than a four-year-old model and 48,000 miles accumulated for the car to be a lease candidate. Only franchised dealerships sell certified pre-owned vehicles. To lease, you will need to choose a dealership like Boggus Tipton Chrysler Dodge Jeep Ram!

Here is the list of car manufacturers by the National Automobile Dealers Association (NADA) that offer certified pre-owned leases:

How Does Used Car Leasing Work?

Now that you know the answer to can you lease a used car? The next step is to find out how used car leasing works. When you lease a certified used vehicle you can expect the process to be similar to leasing a new car. However, the difference between the sale price and its estimated value at the end of your lease will determine the monthly payments.

South Padre Island drivers appreciate the certified pre-owned leasing since used cars depreciate slower than new cars, which means that the difference between the sale price and the estimated lease-end value will be smaller than leasing a new vehicle. It also means that your monthly payments will be lower as well.

The process is identical to new lease vehicles. You will need to return your certified pre-owned leased vehicle to the dealership when your lease ends. There are mileage limits that you will need to stay within.

Benefits of a Used Car Lease

• Monthly Payment Amount: Lease a CPO for fewer monthly payments than when leasing a new vehicle.
• Potential for Lease Buyout: The year-end value of a used vehicle is lower when compared to a new leased vehicle. The lower residual value makes it more affordable for you to buy out your lease to own.
• Lower Insurance Rates: Used car leasing increases the likelihood of lower car insurance rates since insurance costs are partially based on the car’s value.

Contact Us With Questions at Boggus Tipton Chrysler Dodge Jeep Ram!

Whether you live near McAllen or in Harlingen, our dedicated team can help you find the perfect certified pre-owned vehicle for you. Our finance department can assist you with your lease and explain what leasing your specific model entails. Visit us at Boggus Tipton Chrysler Dodge Jeep Ram in Brownsville today!