Can You Lease a Used Car?

Used Car Leasing Facts

Leasing a used car can ultimately be a really smart option if you have it available to you. Used car leasing often allows drivers to have lower monthly payments as well as the freedom that a lease grants you. Here are some additional things you should realize about used car leasing:

• Used vs. New Car Lease – Of course, leasing a used car will usually cost less than the monthly lease payments you could expect from a new model. You can still expect many of the same benefits of leases, however.
• Which Used Cars Can Be Leased? – Not every used car can be leased. In fact, certified pre-owned models are commonly the only used cars that are offered with leases. However, used car lease pricing may not always be advertised, so it is beneficial to contact a dealership and ask about the possibility of used car leasing.
• Insurance for a Leased Used Car – The cost of insurance for a vehicle is partly dictated by its value. Leasing a used car could result in you having to pay less for car insurance.
• Can I Buy a Used Car After I Lease? – If you are able to lease a used car at a dealership, then you should be able to purchase the car outright once your lease term is up. This provides drivers with a lower residual value than performing a lease buyout on new models.
• CPO Vehicle Warranties – You could end up having more expected maintenance costs on certified pre-owned cars than newer models, but CPO vehicles also offer extended warranties that cover plenty of important components.

For an even better deal on a great used vehicle, explore our low mileage used cars at Nyle Maxwell Chrysler Dodge Jeep Ram. Want a little more quality in a used vehicle without paying too much? Compare the benefits of used vs. CPO with Nyle Maxwell Chrysler Dodge Jeep Ram.

Learn More About Used Car Leasing with Nyle Maxwell Chrysler Dodge Jeep Ram

Contact us and ask about our current pre-owned inventory and see if we have any vehicles that you can lease. Take a look at our entire used vehicle inventory, and while you’re here, take advantage of our helpful online tools like the trade-in valuer and monthly payment calculator. To learn more about your lease and finance options, how to refinance your car loan, in-house financing car dealers, and more, stop by Nyle Maxwell Chrysler Dodge Jeep Ram in Austin today. We’re located just a short drive from San Marcos and Killeen!