Can You Lease a Used Car?

Truth be told, used car leasing isn’t common, although some dealerships offer it as a specialty option. Typically, Berea drivers will find that used car leasing is available with certified pre-owned vehicles due to their quality and low mileage. So, can you lease a used car? The answer is simply, “Sometimes.” Learn more about the less widely-known practice of used car leasing with Gates Nissan.

Used Car Leasing Information

If you’re a London driver who’s looking for a lower monthly payment and the freedom of a leased car, used car leasing might be an option for you! Here is some important information to consider when potentially leasing a used car:

• Which Used Cars Can Be Leased? – As mentioned above, used car leasing is usually reserved for certified pre-owned vehicles. Since used lease prices aren’t usually advertised, you would need to contact the dealership in order to learn more about your payment options. You can learn more about what makes a car certified pre-owned with Gates Nissan!
• Used vs. New Car Lease –  Monthly car payments will be lower with a used car lease than a new car lease and offer several of the same benefits. You must remain within the mileage limits and return the vehicle once the term is up just like a new vehicle car lease.
• Can I Buy a Used Car After I Lease? – If a dealership offers a used car leasing option, usually you can purchase the vehicle once the lease is up. When you purchase the used vehicle you previously leased, this brings you a lower residual value. Normally, this residual value is lower than choosing a lease buyout for a newer vehicle.
• Insurance for a Leased Used Car – The value of the vehicle determines insurance costs. With a CPO lease, you could possibly pay less for monthly insurance.

While maintenance costs are usually higher for certified pre-owned vehicles, leases generally include an extended warranty that covers high-priority vehicle maintenance services.

Learn More About Your Leasing Options With Gates Nissan!

Do not hesitate to contact us about used car leasing details or our current offers. Our finance center is here to help Richmond drivers lease or finance the perfect vehicle for their lifestyle!