Can You Lease a Used Car?

Used car leasing has a lot to offer Thomasville, GA shoppers who are looking for a low-commitment like-new vehicle with low payments. Whether you can lease a used car depends on the auto brand. Just a few years ago GM didn’t provide this option to Crawfordville drivers, but now you can lease a used car from the certified pre-owned selection at Dale Earnhardt Jr Buick GMC! Join us in finding out more about used car leasing.

Benefits of a Used Car Lease

One reason a used car lease can appeal to Tallahassee drivers is economically. In addition to the price of a certified pre-owned car behind lower than a new car, you’ll also save money through:

• Monthly Payment Amount: You can lease a used car for a lower monthly amount than you would a new car.
• Lower Insurance Rates: Since insurance rates are partially based on the car’s value, used car insurance rates tend to be lower than new car rates.
• Potential for Lease Buyout: The estimated value of a used vehicle will be lower at lease-end when compared to a new vehicle. This can make a lease buyout more affordable when you reach the end of your lease term.

Used Car Leasing Facts

• Like most manufacturers, GM only offers used car leasing for certified pre-owned—CPO—vehicles. These are vehicles that are newer, low-mileage used cars that have met stringent criteria and passed a rigorous inspection process to ensure it’s like-new. You’ll only find certified pre-owned Buick and GMC vehicles and franchised dealerships like Dale Earnhardt Jr Buick GMC.
• GM started offering used car leasing in 2016. According to the National Automobile Dealers Association (NADA), the list of other manufacturers which offer CPO leasing includes 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 Can You Lease a Used Car?

• A used car lease doesn’t differ much from a new car lease in Panama City. Your monthly payment is determined by the difference between the sale price and its estimated value at lease-end, which will be 36 or 48 months from the lease’s start date.
• Since used cars—even CPO vehicles—depreciate slower than new cars, the difference between the sale price and the estimated lease-end value will be smaller. This makes your monthly payments significantly less than if you were purchasing a new car.
• Leased cars, new or pre-owned, include mileage limits and wear and tear regulations.
• When your lease expires, just return your leased vehicle to the dealership.

Find Your Used Car Lease at Dale Earnhardt Jr Buick GMC

Has the idea of a used car lease gotten your attention? We’re here to help! Contact Dale Earnhardt Jr Buick GMC to get more information on how to find the right used car lease for the way you drive. Our finance team is here to help, no matter if you’re new or experienced at the leasing process.