Can You Lease a Used Car?

man and woman with car salesman

If you’re looking for a deal on your next vehicle, you might be wondering, “Can you lease a used car around Martinsville and Danville?” The answer is yes. Many dealerships offer Certified Pre-Owned vehicles as part of a used car leasing program. This ensures that you get a high-quality vehicle with limited mileage. Find out if leasing a used vehicle is the right choice for you with Gunter CDJR Martinsville:

Lease vs. Loan

So, why should you consider used car leasing over buying? Many Reidsville, NC drivers prefer leasing for its flexibility and affordability. While you buy a car for the long-term investment, a lease is a short-term contract that generally lasts a few years at most. This allows you to upgrade your car more frequently. Plus, your lease cost is based on the depreciated value of your vehicle. That means you can save a lot of money in monthly payments, sales fees, insurance, and more!

Used Car Leasing Basics

Now you know the answer to “Can you lease a used car?”, but should you lease a used car? Let’s take a look at the facts:

  • Selection: Most used car leases are Certified Pre-Owned models, but prices are not always advertised – so be sure to ask.
  • New vs. Used: A used car lease offers the same flexibility as a new car lease, but at a steep discount.
  • Buyout: Usually if you can lease a used car, you’ll have the option to buy the car at the end of your contract if you want.
  • Insurance: Since insurance costs are based on the price of the vehicle, insurance on a used car lease is generally cheaper than a new car.
  • Warranty: Though used cars may need more maintenance, many leases include extended warranties to cover the important components of your vehicle!

Find Out More with Gunter CDJR Martinsville

Do you want to find out if used car leasing is the right option for you? Contact us at Gunter CDJR Martinsville in Ridgeway with your questions. Our finance experts would be happy to walk you through your options, so you can find just the right deal for your needs and budget. Whether you need liability coverage or anything finance-related, we have the expertise to answer any of your questions such as “what is good mileage on a used car?”, “can you take over a car lease?”, or “what does certified pre-owned mean?

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