Can You Lease a Used Car?

March 8th, 2019 by

line of cars parked in a row

The majority of leases are offered on new vehicles, but leasing a used car isn’t out of the question. If a dealership decides to lease pre-owned models, these vehicles will probably be part of the certified pre-owned program, because they want to lease newer models that are in better condition. Contact your local authorized dealership to find out if they offer used car leases near Conway.

Used Car Leasing Facts

Currently, there are a few brands that explicitly don’t lease used models: Ford, Buick, Chevrolet, Cadillac, and GMC. If you are considering other brands like Chrysler, Jeep, leasing can be a smart choice because of the generally low monthly payments more options after the lease term ends.

  • Where Can I See Used Car Lease Offers? Used car lease prices may not be advertised on a dealership’s website, so to explore all your options it’s a good idea to call the dealer to find out.
  • Used vs. New Car Lease – A used car lease is usually less expensive with lower monthly lease payments than a new car lease, but you can still take advantage of leasing benefits. You can return the vehicle after the lease term is up but will still have mileage limits constraints.
  • Can I Buy a Used Car After I Lease? – You can typically have the option to purchase your used vehicle after the lease is up, and since the vehicle cost less in the first place, purchasing it after the lease will be less expensive.
  • Insurance for a Leased Used Car – Insurance costs are partly dictated by the value of the car. It’s possible, which means that your insurance monthly payments could be lower with a CPO lease.

While maintenance costs tend to be higher on a certified pre-owned car, dealers often include an extended warranty that covers many important components.

Rely on Myrtle Beach Chrysler Jeep for Your Next Vehicle

Check out our pre-owned vehicle specials, or if you decide you prefer a newer model, explore our current lease specials and offers and incentives near Surfside Beach. We’ll even help you decide between used vs. CPO options. Feel free to reach out to our finance center if you have any more questions about taking home your next vehicle.

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