Can You Lease a Used Car?
Can you lease a used car? While the option isn’t widely available, used car leasing is offered at some Anaheim Hills-area dealerships. In general, used car leasing is reserved for certified pre-owned (CPO) vehicles, although certain brands such as Ford, Buick, Chevrolet, Cadillac, and GMC do not explicitly offer pre-owned vehicle leasing. Learn more about your used car leasing options from the Honda financing team at Weir Canyon Honda, and then explore our used car inventory today!
Used Car Leasing Facts
With low monthly payments and the flexibility built into lease agreements, a used car lease is often very attractive to many Yorba Linda-area drivers. Here are a few important things you should know about used car leasing:
- Which Used Cars Can Be Leased? – Most of the time, a used car lease option is only offered for certified pre-owned vehicles. Since used lease prices may not be advertised, you should contact the dealership to find out if it’s a possibility.
- Used vs. New Car Lease – While you can expect a used car lease to come with lower monthly payments than a new car lease, the usual lease restrictions will still apply. For example, you’ll still have set mileage limits and will need to return the vehicle once the lease term is up.
- Can I Buy a Used Car After I Lease? – Just as with a new car lease, you’ll have the opportunity to purchase the vehicle after the used car lease is up. One of the benefits of purchasing your leased used car is that it will have a lower residual value, so you’ll pay less than you would when implementing a lease buyout on a newer model.
- Insurance for a Leased Used Car – Because insurance costs are partially determined by the value of the car, you should pay less per month for insurance with a CPO lease.
While there are many benefits to leasing a used or certified pre-owned car, you should remember that the maintenance costs tend to be higher. That being said, CPO vehicles usually include extended warranty coverage for replacement auto parts and some routine maintenance services.
Learn More About Leasing at Weir Canyon Honda
When searching for car financing near me, make sure to check out the Honda financing options at Weir Canyon Honda. Whether you wish to buy or to lease, or if you have a bad credit rating, we can help you get the great deal you want today. Explore our used vehicle specials, and if you have any questions, please feel free to contact us.
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