Leasing A Used Vehicle Guide
can i lease a used vehicle
Yes, you can lease a used vehicle, though it's less common than leasing new cars. Used car leases are offered by some dealerships and financial institutions.
How Used Vehicle Leasing Works
Leasing a used vehicle involves paying for its depreciation over the lease term. Terms are shorter, and mileage limits may apply. Leases often include warranty coverage for peace of mind.
- Shorter lease terms
- Lower monthly payments
- Warranty options
Pros and Cons
Leasing used can be more affordable than leasing new. However, options are limited, and residual values may be less predictable. Inspect the vehicle thoroughly before leasing.
Check for available certified pre-owned programs, which offer better lease terms. Understand all fees and conditions in the lease agreement.
Leasing a used vehicle is a viable option for budget-conscious shoppers. Research and compare offers to find the best deal.