Can You Lease a Used Car?

When you’re looking for an automotive upgrade that won’t break the bank, opting for a used car is often the way to go. With that being said, sometimes, you’d rather not make an investment in a vehicle for the long term. That can leave you asking, “Can you lease a used car?” Used car leasing is offered by many manufacturers, and you can team up with Serra Volkswagen of Traverse City to explore this option. Below, our team will go over used car leasing to help you answer your burning question, “Can I lease a used car?” and more!

Used Car Leasing Facts

In most cases, used car leasing is limited to certified pre-owned vehicles. For Volkswagen, CPO models come with a free CARFAX® Vehicle History Report™ and must pass a 100-point inspection to be eligible for the program. So, can you lease a used car anywhere? No, you’ll generally need to work with a certified dealership if you’d like to lease a used car. 

You may be wondering, “Can I lease a used car from Volkswagen?” Well, according to the National Automobile Dealers Association (NADA), the following brands offer CPO leasing: 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?

If you’ve leased a new car in the past, then used car leasing will feel quite familiar. Even if you’re considering a lease for the first time, you won’t have much of a challenge ahead. Just like new car leasing, your monthly payment will be set by determining the difference between the sale price of the vehicle and its estimated value at lease-end. Since used cars depreciate slower than new ones, this is a major advantage that leads to lower payments. 

At the end of your lease term, simply visit our dealership to return your vehicle. You may also explore purchase options if you’re not ready to part with your Bellaire commuter!

Benefits of a Used Car Lease

• Monthly Payment Amount: As previously mentioned, leasing a used car will almost always be more affordable than leasing or buying new. 
• Potential for Lease Buyout: Since the value of your vehicle will be lower at lease end than if you were leasing a new vehicle, you can purchase your lease for a phenomenal price. 
• Lower Insurance Rates: With a less expensive vehicle, the cost of insuring your Kalkaska travels will be quite affordable. 

Contact Us With Questions

If you’re still asking questions like, “Can I lease a used car?” contact the team at Serra Volkswagen of Traverse City! We’re here to provide you with all the automotive shopping information you need so your Lake City travels continue to be smooth. Our financiers are standing by to help you go over the pros and cons of used car leasing to see if this option is right for you. Visit us in Traverse City today to learn more!