Can You Lease a Used Car?
Are you curious about used car leasing? If you’re wondering “can you lease a used car,” our team can equip you with the knowledge you need to make an informed decision! While leasing a used car isn’t very common, some dealerships do give you the chance to do so. Usually, the only used cars that are available for lease are certified pre-owned models. There are some select dealers that do not offer used car leases, so depending on the model you desire, it may not be an option. To inquire about leasing a used model, read on to learn more, and then contact Gerald Nissan of North Aurora.
The Basics of Used Car Leasing
When you want to learn more about used car leasing near Aurora, our team will help you learn more about the details of the process below:
- Which Used Cars Can Be Leased? – Most used car leases are only offered for certified pre-owned vehicles. There is a good chance that you will not see used lease prices advertised by the dealership, so if you want to see if leasing a used car is a possibility, it is best to contact the dealership.
- Used vs. New Car Lease – What’s great about a used car lease is that your monthly payments will typically be lower than what they would be if you leased a new car, but you still get to take advantage of several of the same leasing benefits. Keep in mind that you are still required to return the vehicle once the lease is up, and you are also still restricted by mileage limits.
- Can I Buy a Used Car After I Lease? – When a dealership offers used car leases, they also allow you to purchase the vehicle when the terms of the lease are complete. That gives you a lower residual value than performing a lease buyout on a newer model.
- Insurance for a Leased Used Car – When determining insurance costs, the value of the vehicle is taken into account. Because of this, there is a good chance you could pay less per month for insurance with a CPO lease.
It may be a bit more expensive to own and drive a CPO vehicle, but they typically come with the benefit of an extended warranty. You won’t have to worry about out of pocket expenses for covered components.
Gerald Nissan of North Aurora Makes Leasing Hassle-Free
Are you looking for more ways to save? Be sure to take a look at our selection of Nissan lease deals! Whether you’re looking for Nissan Rogue lease deals or other Nissan finance deals, our team is ready to help you take home the Nissan car, crossover, or SUV you need for your Naperville drives. If you have any more questions like, “can you lease a used car?” don’t hesitate to give us a call at 630-907-0800.
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