Can You Lease a Used Car?

2019 Kia Niro Driving
 

Do you want a new ride in Mascoutah? If you’re shopping on a budget, you might want to give a second look to used or certified pre-owned vehicles. You’ve got a lot of great options when you go used or CPO, but you might also be asking “can you lease a used car?” Used car leasing is offered by a lot of manufacturers, but you generally don’t see it as well advertised as new car leasing. Auffenberg Kia will walk you through everything you need to know about used car leasing in Smithton.

Used Car Leasing: The Facts

Generally, if you’re asking “can you lease a used car?” you’ll need to know that you’ll almost always be leasing a certified pre-owned vehicle. Typically, a CPO vehicle that serves as your used car lease will have less than four model years passed from the current model year and less than 48,000 miles on the odometer. This means that if you want to lease a certified used vehicle, you’ll want to visit a dealership such as Auffenberg Kia, because only dealerships offer certified pre-owned vehicles.

How Does Used Car Leasing Work?

Used car leasing generally goes rather similarly to new car leasing in Trenton. The difference between the sale price of the vehicle and its estimated value at the end of the lease will determine your monthly lease payment.

This gives a particular benefit to value minded shoppers. Used cars depreciate more slowly than new cars, meaning the difference between the sale price and the estimated value at lease end will be smaller, leading to lower monthly payments. And when the lease is up, you’ll need to return your CPO lease to the dealership. There will also be mileage limits to contend with.

Benefits of a Used Car Lease

Why do you want to go with used car leasing? Here are three short reasons for you:

  • Your monthly payment will be lower compared to a new car lease.
  • You’ll have a more affordable lease buyout proposition when you hit the end of your lease term.
  • You’ll probably get lower car insurance rates on a used car, although that’s not a hard and fast rule. Check with your insurer first!

Got a Question? Talk to Auffenberg Kia

Do you have questions about used car leasing beyond “can you lease a used car?” Talk to us at Auffenberg Kia today because we’re always here to help. Fill out our contact form today!

 

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