Can You Lease a Used Car?

Leasing

Can you lease a used car? Pre-owned and Certified Pre-Owned Lexus vehicles offer Lakewood Ranch drivers luxurious features and savings. But financing isn’t your only option with a used vehicle. Wilde Lexus Sarasota has a guide for how to lease a used car below! Then explore our lease deals for 200-300 dollars!

 

Can You Lease a Used Car?: What to Know

The vast majority of used car leases can happen with Certified Pre-Owned Vehicles. Certified Pre-Owned vehicles are newer-model vehicles that have been thoroughly inspected from Lexus. In other words, they are used but only lightly, and you have the assurance that Lexus has approved of them. Generally speaking, you can lease a used car if it’s 4 years old or less and has a max 48,000 miles on the road.

Lexus is among the manufacturers that Venice can go to for a used car lease, but only if you go to a certified dealership like Wilde Lexus Sarasota. Other manufacturers that use this include: Acura, Audi, BMW, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.

How To Lease a Used Car

The price of a car lease is determined by two major factors: the sale price of the vehicle and its estimated value at the end of the lease term. The good news when it comes to leasing a used car is that these vehicles don’t depreciate as quickly as new cars, meaning that your payments can be much smaller.

A lease comes with its own restrictions: mileage limits, lease terms, and other things that a Bradenton dealership puts in place to ensure that you keep their vehicle in good shape.

Can I lease a Used Car: Other Terms to Know

Car leasing is a great way to save money on Certified Pre-Owned vehicles. If you’re debating whether to lease or buy your vehicle, think about the following terms:

  • Monthly Payments: Monthly payment amounts can varya lot, so set a budget and explore the CPO leases available within it.
  • Lease Buyout: When you reach the end of a lease, you will have the option to buy the vehicle. For a used vehicle, this can be pretty affordable.
  • Insurance Rates: Like other costs, insurance rates can be lower with a used car lease.

Contact Us With Questions

Now, you know what to say when somebody asks, “Can you lease a used car?”. Wilde Lexus Sarasota is exciting to help Sarasota drivers with Lexus lease packages on our vehicles, including the Lexus Complete Lease deal. Contact us today to find out more about what used car leases are available to you!

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