Can You Lease A Used Car? Your All-In-One Guide

How To Lease a Used Car

There are multiple ways to lease a used car. One option is to take over another driver's lease. If you have a friend or family member looking for a change and you like what they're driving, it may be possible to switch their lease over to you. A benefit of this strategy is you can often avoid paying some of the fees associated with a car lease, such as a down payment. Not all lease agreements can be transferred; some may include a transfer fee, so reviewing the lease contract is essential.

Another popular way of leasing a used car is to lease a certified pre-owned (CPO) car from a dealership. With a CPO vehicle, you enjoy many of the same features and perks the current model offers, but for a reduced price. Plus, with a CPO vehicle, you have the peace of mind that comes with the certification because not all used cars for sale can become certified pre-owned cars for sale. The vehicle must pass a rigorous mechanical and safety inspection and meet an appearance standard.

Where Can You Lease a Used Car?

Can you lease a used car from a dealership? The answer is "sometimes." Not all dealerships lease used cars. After all, the customer enjoys many benefits from this exchange, while the dealership only profits a little.

For a used car lease deal, contact Autoflex. Our used car leasing dealership specializes in custom lease specials on used cars, trucks, SUVs, and exotic cars for lease. Search our inventory by your preferred maker, body style, or key features that you need to make your daily commute easier.

With leasing, it's nice that you are able to prioritize what your needs are right now. For example, if you are planning to do home improvement projects over the next few years and want the ability to tow a utility trailer, you can pick out an SUV or truck. Once those projects are passed, you can switch to a sedan. On the other hand, if your growing family fits nicely in a sedan now but could use an SUV with more legroom later, you can accommodate that change.

Once you choose a particular model, there are elements to a used lease deal you can negotiate, such as the down payment, mileage restrictions, purchase price, and the trade-in value of your current car.

Should I Lease a Used Car?

Now that you know you can lease used cars, it's time to compare the pros and cons of leasing vs. buying. A used car lease has many benefits, especially for drivers who want a short-term car agreement with low monthly payments. Some used car lease offers require a down payment, and some do not, but a good credit score is required.

Most new cars depreciate approximately 50% over the first three years. The depreciation cost is passed to you when you lease a new vehicle. One of the benefits of a used car lease is that this depreciation period has often passed, which means the price of the vehicle is usually less. If you are thinking about adding a second vehicle to your household or want something fun for the weekends, you can lease a used exotic vehicle and save on that convertible or sports car you've been dreaming about.

When you turn in a used car lease, you are responsible for wear and tear items, such as tires and any dents and dings larger than a specified amount – typically, two inches. Therefore, it's important to care for the car as if it were your own. This includes parking it in places where you think it will be safe and getting necessary maintenance.

However, you don't have to be as worried about the vehicle's long-term maintenance as you would if you owned it. You might pick up a used car lease on a vehicle that's three years old and drive it until it is six years old, but you won't have to deal with it when it's 15 years old. This can provide you with some freedom from responsibilities.

Before you lease a used car, know the annual mileage restrictions. Used car leases have mileage allowances, just like new car lease deals. Be sure the mileage allotment matches your driving habits before you sign a lease contract. Otherwise, the excessive mileage fees may add up when you turn in the vehicle.

How Does Used Car Leasing Work?

Used car leasing works the same as new car leasing does in many ways, but there are some differences. A used car lease often requires little-to-no money down and is a great option for drivers who want a short-term auto loan. If you are typing "Can I lease a used car?" into Google, you need to know four important steps to used car leasing:

• Step 1: Find an auto dealer that carries used cars for lease.
• Step 2: Choose a used car for lease that you love.
• Step 3: Negotiate your lease deal and warranty benefits.
• Step 4: Know the terms of the lease, including mileage restrictions, wear and tear fees, early termination fees, and buyout options at the end of your lease.

Since you're currently visiting the Autoflex website, you've completed Step One. Our used car dealership specializes in helping customers find a used car for lease. We make it easy for drivers to complete Step Two because we stock our lot with vehicles that pass our rigorous multi-point inspection, so drivers know they're purchasing a quality vehicle with good mileage for a used car.

When you are ready to complete your purchase, our team can apply any trade-in value from your current car to your lease deal and lower the vehicle's price. We can also help you choose a warranty option for the vehicle if the manufacturer's warranty is no longer valid. Many of our customers choose to purchase an extended warranty or a vehicle service contract and GAP insurance so they are fully equipped to maintain the vehicle and are protected in the unfortunate event of an accident.

A used car lease will have many of the same conditions as a new car lease. For instance, used car lease contracts come with annual mileage allowances and fees for exceeding the contracted mileage. Drivers are responsible for damage and tire wear beyond "normal wear and tear." If you want to purchase the vehicle at the end of your lease contract, be sure there is a lease buyout option included in the agreement.

New Car Lease vs. Used Car Lease

If you are deciding between a new car lease or a used car lease, there are some crucial differences to be aware of before making a decision. A new car lease can have lower monthly payments than financing a vehicle, but you don't own the car at the end of your lease contract. The same applies to a used car lease, but the payments are lower than leasing a new model.

A new car lease will have the latest interior features, connected audio integration options, and safety features. You will also be the vehicle's first owner, and all the miles on the car will be yours. In a new car lease, you know the vehicle's full history and can buy the car at the end of your lease contract.

A used car lease will typically be three years old, so it will have many of the same features found on the current model but won't have everything. The perks of a used car lease are often getting into a higher caliber vehicle than your budget would ordinarily allow. Along with not paying for the depreciation, the down payment may be lower on a used car lease, so the lease agreement is less than a new car.

Since most dealerships don't offer this opportunity, there are often fewer options than leasing a new car. If you're looking for the benefits of a new car, a CPO lease is a way to get similar benefits, but a CPO lease will likely cost more than a vehicle that is not certified.

Autoflex Is Your Used Car Lease Dealership

Autoflex is proud to be a used car lease dealership that offers used cars, SUVs, and trucks for lease. We also provide lease options on used sports cars, convertibles, and luxury cars. If it's finally time to drive the sports car you deserve, explore our website or stop by for a test drive today. A used car lease is a great way to save on a premium vehicle. When you are ready to get into your next vehicle, you can lease a used car at Autoflex.

If there is a new car you have your heart set on, let our team know. Along with carrying used cars and trucks for lease, we can sometimes fulfill new car orders. Drivers choose our team to help them get the new car they want when other dealers don't have it. Get in touch with Autoflex to learn more about your financing and leasing options on used cars for sale.

If you are deciding between a new car lease or a used car lease, there are some crucial differences to be aware of before making a decision. A new car lease can have lower monthly payments than financing a vehicle, but you don't own the car at the end of your lease contract. The same applies to a used car lease, but the payments are lower than leasing a new model.

A new car lease will have the latest interior features, connected audio integration options, and safety features. You will also be the vehicle's first owner, and all the miles on the car will be yours. In a new car lease, you know the vehicle's full history and can buy the car at the end of your lease contract.

A used car lease will typically be three years old, so it will have many of the same features found on the current model but won't have everything. The perks of a used car lease are often getting into a higher caliber vehicle than your budget would ordinarily allow. Along with not paying for the depreciation, the down payment may be lower on a used car lease, so the lease agreement is less than a new car.

Since most dealerships don't offer this opportunity, there are often fewer options than leasing a new car. If you're looking for the benefits of a new car, a CPO lease is a way to get similar benefits, but a CPO lease will likely cost more than a vehicle that is not certified.

Autoflex Is Your Used Car Lease Dealership

Autoflex is proud to be a used car lease dealership that offers used cars, SUVs, and trucks for lease. We also provide lease options on used sports cars, convertibles, and luxury cars. If it's finally time to drive the sports car you deserve, explore our website or stop by for a test drive today. A used car lease is a great way to save on a premium vehicle. When you are ready to get into your next vehicle, you can lease a used car at Autoflex.

If there is a new car you have your heart set on, let our team know. Along with carrying used cars and trucks for lease, we can sometimes fulfill new car orders. Drivers choose our team to help them get the new car they want when other dealers don't have it. Get in touch with Autoflex to learn more about your financing and leasing options on used cars for sale.

Frequently Asked Questions