Looking for your next car around San Jose, but don’t want to break the bank? Consider taking a look at certified pre-owned or used vehicles as they can often provide you with a high quality vehicle at a price that fits your budget. While you’re searching you may wonder, “Can you lease a used car?” Car manufacturers often offer used car leasing, though it is not as advertised as new car leasing. Learn more about used car leasing with the team at Capitol Acura and browse our available inventory of pre-owned vehicles. If you have any questions about used car leasing, contact us!
What is Used Car Leasing?
Typically, only certified pre-owned vehicles are eligible for a used car lease. When a vehicle is certified pre-owned, that means they passed a thorough inspection set by the manufacturer and are usually under a certain mileage or age limit. A Acura Certified Pre-Owned qualifies for a 7-year/100,000 mile Powertrain Limited Warranty, 24-hour roadside assistance, and other benefits. Other manufacturers that offer CPO leasing, according to the National Automobile Dealers Association (NADA), include: 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 Leasing a Used Car Works
Those wondering, “Can you lease a used car?” will find comfort in learning it is a similar process to leasing a new car. To determine what the monthly payments will be, the difference between the current sale price and the estimated value at the end of the lease is found. A key factor for Santa Clara drivers to consider used car leasing is that used cars depreciate more slowly than new cars. In turn, the difference between the sale price and estimated value at the end of the lease will be smaller and lead to lower monthly payments. Similar to new car leases, when the used car lease ends, the vehicle will be brought back to the dealership to settle any remaining costs. From there, Milpitas drivers can select another vehicle with updated features and technology. Be aware of any mileage restrictions beforehand.
Advantages of Leasing a Used Car
- Monthly Payment Amount: Used car leasing is a more affordable option for many drivers.
- Potential for Lease Buyout: When leasing a used car, the estimated value at the end of the lease will be lowered compared to that of a new vehicle. Those that enjoyed their vehicle will be in a better position to buy out a leased vehicle.
- Lower Insurance Rates: Most CPO leases qualify for lower insurance payments as well.
For more car-buying tips like what to ask when buying a used car, visit Capitol Acura.” Bold text is anchor text.
Find Your Pre-Owned Vehicle with Capitol Acura!
Now that you know you can lease a used vehicle, contact the team in our finance center in San Jose. We can assist you with applying for loans, valuing your trade, calculating payments, or even deciding whether you should buy or lease a vehicle.
