Can You Lease a Used Car?

Lease Agreement

A lot of Turnersville drivers have decided that it makes more financial sense to lease a car instead of buy. Maybe you’ve come to the same conclusion. And maybe you’re wondering if you can save even more money by leasing a used car. Can you lease a used car? Used car leasing is not very common at all, but is offered by a few dealerships. If you’re interested in leasing a used model at Chevrolet Of Turnersville, call us at 856-432-2422 to ask about your options.

Our finance department wants you to be fully informed so that you can make the best decisions around leasing your next vehicle. So, let’s talk about whether leasing a used car is right for you.

Can You Lease a Used Car? The Pros

The truth is, used car leasing offers a few benefits for a lot of risk. Here are some of the possible benefits of leasing a used car that Sicklerville drivers may experience:

  • The lease will most likely be for a certified pre-owned vehicle.
  • Odds are that you will have lower payments than if you were to lease a new car, but not always.
  • Depreciation is less of a factor when leasing a used car. And that depreciation is reflected in your down payment, or what you owe at the end of the lease.

Can You Lease a Used Car? The Cons

It can be difficult to find a dealer that offers used car leasing. Even if you were able to find a lender or dealership who would take a chance on leasing a used car, it may not be the best idea for you. Here are some disadvantages to keep in mind:

  • Used cars incur more repairs than new cars.
  • A used car is often not under warranty unless it is certified pre-owned.
  • You may not even get better terms on your used car lease than you would if you leased a new car. Be sure to read the lease agreement closely.

Talk to Chevrolet Of Turnersville of Turnersville About Your Options

Our finance department would be happy to walk you through all of your leasing and financing options. We make the whole process of getting your next car simple. And, if you’d like to learn more, check out our posts on whether it’s better to lease or buy and whether you can lease a car with bad credit. We’re just down the road from Williamstown. So, drop by or contact us today!

 

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