Can You Lease A Used Car?

Signing Finance Documents for Car

 

A used car is often more affordable, offering lower monthly payments than a new car, but can you lease a used car? In most cases, used car leasing isn’t the most popular option. Some dealerships simply don’t allow for used car leasing, and some auto manufacturers even have conditions in place that prevent leasing used cars entirely. However, you can often get a used car for a decent price, and our team at Rocky's Auto Credit can help you get the best possible price. 

Facts About Used Car Leasing

Before you consider used car leasing, you should review all the options available to you. This will help you make an informed decision about your next vehicle. Used car leasing usually won’t provide significant cost savings as compared to buying outright.

Some car buyers will do extensive research for dealerships willing to provide used car leasing around Glendale, but they often end up purchasing the used car anyway. Many looking to lease used vehicles are driven by the low monthly payment, however, there are some other aspects to consider as well:

  • Not all used vehicles can be leased: Very few dealerships will offer used car leasing, except for certified pre-owned. However, the savings are negligible compared to leasing new.
  • Mileage limits: Like any lease, there are often limits to how many miles you can drive, which must be taken into consideration when considering a lease.
  • You can purchase the leased vehicle: Once your lease has expired, you will likely have the option to purchase the vehicle anyway.
  • Cheaper insurance: It’s often much cheaper to insure a used car than a new car, which is important to consider when buying a vehicle. 

Explore the Used Car Buying Options at Rocky's Auto Credit

Because many dealers do not offer leasing on used cars, come stop by Rocky's Auto Credit and purchase a quality used car for a great price. Our affordable inventory and flexible financing means you can secure a monthly payment that’s just as low as if you were to lease. If you’re ready to get behind the wheel of your next vehicle, come visit us near Phoenix and Tempe. You can meet with our finance department to get the buying process started. Feel free to contact us if you have any questions!

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