Can You Lease a Used Car?

If you’re wanting to upgrade your ride but don’t quite have it in the budget for a new vehicle, then you can always shop for a used vehicle. If you don’t want to commit to ownership, you might be considering a lease, but can you lease a used car? Surprisingly, used car leasing is offered by many manufacturers, but it’s not as advertised as leasing for new vehicles. Learn how you can lease a used car in Burleson with the finance center at Shottenkirk Toyota of Granbury.

Helpful Tips on Used Car Leasing

When you lease a used car, most manufacturers will only allow you to lease a certified pre-owned (CPO) vehicle. Usually, CPO vehicles must be less than four years old and have less than 48,000 miles on them. To give you an idea of the types of CPO vehicles you can lease in Stephenville, here are the manufacturers said to offer CPO leasing according to the National Automobile Dealers Association (NADA):

How to Lease a Used Car

Not only can you lease a used car, but the process of leasing a used vehicle is actually pretty easy and similar to the process of new vehicle leasing. The monthly payment will be determined by the difference between the sale price of the vehicle and its estimated lease-end value.

Since used vehicles experience less depreciation than new cars, the difference between the sale price and lease-end value will be smaller, which means lower monthly payments. It’s worth noting that used car leasing, like new car leasing, requires you to take your CPO vehicle to the Cleburne dealership at the end of the lease, and there are also mileage limits.

Benefits of Used Car Leasing

There are plenty of benefits to leasing a used car that you might not expect, like:

• Smaller monthly payments
• More affordable lease buyout at the end of your lease term
• Lower insurance rates due to the lower value of the car

Lease a Used Vehicle at Shottenkirk Toyota of Granbury

Now that you know that you can lease a used vehicle, you can visit Shottenkirk Toyota of Granbury in Granbury or online. Contact us to explore our pre-owned inventory and lease a great CPO vehicle today.