Can You Lease a Used Car?

When it’s time to upgrade your Forest Grove commute with a new ride, you’ll likely notice there are plenty of options for you to choose from. Most commonly, you’ll have the choice to finance a new or pre-owned vehicle or lease a new vehicle. While those are the main selections, can you lease a used car? In some cases, you’ll have the option to lease a used car even though it’s not often advertised. Today, the experts at Tonkin Hillsboro Chrysler Jeep Dodge RAM are going to go over everything you need to know about used car leasing so that you can find the perfect daily driver that fits your budget!

Used Car Leasing Information & How it Works

So, can you lease a used car? Generally, many manufacturers offer certified pre-owned vehicles to be leased. In most cases, these CPO vehicles must only be a few model years old and have lower mileage. This can vary depending on the manufacturer though so be sure to check with your specific dealership that offers CPO inventory.

If you’ve decided you want to lease a CPO vehicle for your Aloha adventures, you’re likely wondering about what that process would look like. Commonly, used car leasing is not much different than new car leasing. You’ll follow many of the same processes to get started and you’ll have to return the vehicle to the dealership at the end of your lease. Similar to leasing a new car, you’ll also probably have mileage limits on your used car lease. 

Why Get Used Car Leasing?

You might be wondering, why bother with used car leasing to begin with? Similar to the finance a new vs. used car debate, there are benefits to both leasing a new car and leasing a pre-owned car, so it all really depends on your Beaverton lifestyle. Let’s go over why you should consider leasing a certified pre-owned vehicle:

• Decreased Monthly Payment: Certified pre-owned vehicles typically have a lower cost than new vehicles. As such, you can expect your certified pre-owned lease to have a more inexpensive monthly payment than a new vehicle lease.

• Lease Buyout: If you choose to do so, you can often buy out your lease at the end of its term. Except, this time, the price would be more affordable than a new lease buyout.

• More Inexpensive Insurance Costs: Insurance companies often factor the cost of the vehicle into premiums, since a CPO lease has a lower price, you can expect insurance costs to be lower as well.

Turn to Tonkin Hillsboro Chrysler Jeep Dodge RAM for Assistance!

If you’re not sure whether or not used car leasing is right for you or you just need assistance with your car-shopping journey, come visit Tonkin Hillsboro Chrysler Jeep Dodge RAM for assistance. We’re located in Hillsboro for your convenience and have served many customers in the area and beyond. We’ve worked with all kinds of backgrounds and histories so there’s no need to stress about finding your next vehicle. As always, please contact us if you have any questions or concerns!