Can You Lease a Used Car?
Grand Prairie drivers looking to pair the savings of a pre-owned vehicle with the savings of leasing should know that Acura provides opportunities for used car leasing for Certified Pre-Owned Acura vehicles. Read on to learn about everything you need to know. Then explore our certified pre-owned vehicles to see the available options.
Used Car Leasing Facts
Can you lease a used car? For the most part, Fort McMurray drivers will only find leases for certified pre-owned vehicles. Certified pre-owned vehicles:
- Have low mileage
- Are recent model year
- Have undergone an inspection and been rehabbed to be in like-new condition
- Are warranty-backed
- And feature plenty of additional perks.
Here is a list of manufactures that offers used car leasing for CPO vehicles: Acura, Audi, BMW, 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?
Leasing a used car follows the same process as leasing a new car. You’ll make payments on the value difference between the vehicle’s sale price and its value at lease-end. Essentially, you pay for the value you use over what is usually a 3-year lease term. Other benefits include:
- Slower Depreciation: Used vehicles depreciate far less rapidly than new cars, so you can expect the balance for your lease contract to be much lower.
- Smaller Payments: You’ll make smaller monthly payments and put less money down. Pair the advantages of leasing with buying pre-owned, and this makes for an incredibly affordable strategy to getting your hands on a nearly new vehicle that might traditionally be out of your price range.
Contact Us With Questions
Now that Sherwood Park drivers know they can lease a used car, they can call 780-809-5043 to schedule a test drive. We’ll also happily answer any more questions you have about used car leasing. While you’re here, be sure to explore our car buying tips for more informative guides about further things to know about leasing, the top 5 most popular used Acura vehicles, and more! Our Edmonton team is here to help you find solutions to all of your automotive and financial questions!