Can You Lease a Used Car?

Used cars on a car lot
Looking for ways to save on your next Macke Motors, Inc. vehicle in Carroll? Monthly lease payments are lower than monthly financing payments, and a used model will cost less than a new one. So can you lease a used car or used SUV? Although the majority of auto leases are for new cars, used car leasing is an option for certain used Chevrolet models. Find out if a used car lease can work for you with this guide from the Macke Motors, Inc. finance center before taking home a used Chevy or used Ford!

Which Used Cars Can Be Leased?

Typically, used car leasing options are only available for certified pre-owned models. Depending on the dealership, further restrictions may stipulate that the vehicle be four years old or less, or have no more than 48,000 miles logged on the odometer.

Can you lease a used car from any auto brand? While some automakers don’t offer leasing for non-CPO used cars, most do give you the option for CPO models. According to the National Automobile Dealers Association (NADA), you can lease a certified pre-owned vehicle from the following auto brands: Acura, Audi, BMW, Buick, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.

How Does Used Car Leasing Work?

Can you lease a used car as easily as you take out a new car lease in Fort Dodge? As long as used car leasing is an option for the vehicle you want, the process is the same. As with a new car lease, your monthly payment amount will be based on the difference between the price you pay for the vehicle now, and its projected value at lease-end.

New vehicles depreciate drastically in the first two years they’re driven—but depreciation slows dramatically after that. Thanks to their much slower depreciation rate, used cars cost less to lease per month than new cars. That’s great news if you’re hoping to free up space in your budget for advanced performance technology or high-end cabin amenities!

At the end of your lease term, either return your vehicle to the dealership or contact the finance expert at your dealership to negotiate a lease buyout. In the meantime, use our payment calculator to estimate your monthly auto payments, and to find vehicles in our inventory that fit your budget!

Benefits of Used Car Leasing

  • Lower Monthly Payment Amount — Can you lease a used car for less than a new model? Yes! Thanks to the slower depreciation rate of used cars, your monthly lease payments on a used Equinox will be lowered.
  • Potential for Lease Buyout — Used vehicles hold less value at lease-end than new vehicles, so a used lease buyout is even more affordable than a new lease buyout.
  • Lower Insurance Rates — Insurance premiums are based in part on the value of your vehicle, so it will cost you less to insure a used car.

Explore Your Used Car Leasing Options in Lake City

If you need car-buying tips from the experts, we’re happy to help! Feel free to contact the finance center at Macke Motors, Inc. with any further questions about used car leasing, or how Lake View drivers can qualify for financing. Whether you’re looking for help on finding a low mileage used car or more, such as how car lease takeovers work, or if it’s possible to finance a car with bad credit, we’re happy to help!

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1201 West Main Street, Lake City, IA, 51449
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