Can You Lease a Used Car?
Used car leasing isn’t always easy to find, but some Phoenix area dealerships do offer it. Generally, used car leasing is only available on certified pre-owned (CPO) vehicles. That being said, brands such as Ford, Buick, Chevrolet, Cadillac, and GMC do not explicitly offer pre-owned vehicle leasing. Contact Right Honda to learn more about your used car leasing options in Scottsdale.
Used Car Leasing Facts
A used car lease can offer low monthly payments along with the flexibility that is built into a lease agreement. Here are some important things you should know about used car leasing:
- Which Used Cars Can Be Leased? – Most used car leases are only offered for certified pre-owned vehicles. Since used lease prices may not be advertised, it’s a good idea to contact us to find out if it’s a possibility.
- Used vs. New Car Lease – A used car lease will most often come with lower monthly payments than a new car lease, but the usual lease restrictions will still apply. For example, you’ll still need to meet mileage limits and be prepared to return the vehicle once the lease term is up.
- Can I Buy a Used Car After I Lease? – If you locate a dealership that offers used car leases, it’s safe to assume that you’ll be able to purchase the car after the lease is up. This will provide you with a lower residual value than performing a lease buyout on a newer model.
- Insurance for a Leased Used Car – Insurance costs are partly dictated by the value of the car, so it may be possible that you could pay less per month for insurance with a CPO lease.
Keep in mind that maintenance costs tend to be higher on a used or certified pre-owned car. However, CPO vehicles often include extended warranty coverage that includes replacement auto parts and some routine maintenance services.
Learn More About Leasing at Right Honda
The finance team at Right Honda is here to answer your questions about leasing, as well as a wide range of auto finance concerns, such as financing a car with no credit. We also offer convenient online tools like our payment calculator, which can help you determine what your monthly payments will be. In addition, we carry a large inventory of high-quality used vehicles, including a fine selection of used cars that are priced under $10,000. And with our used vehicle specials, Glendale drivers can save even more. Why wait? Stop by our Honda dealership near Phoenix today!
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