Can You Lease a Used Car?

 
Car-buying paperwork

If you are looking for an affordable way to get behind the wheel of a dependable vehicle around Los Angeles or Glendale, you may be considering some pre-owned options.  However, what if you are not ready for the responsibilities of vehicle ownership? Is used car leasing even an option?

Some dealerships will offer used car leasing. Yet, used car leasing is not always advertised, so you will need to contact the dealership to learn more about your options. Some buyers might even ask, “Can you lease a used car from a dealership?” or “Can you lease a certified pre-owned car?” In the following guide, North Hollywood Toyota discusses the basics of used car leasing to help you determine if this is the best option around Burbank.

The Basics of Used Car Leasing

So, can you lease a used car from a dealership? The answer depends on the dealership you’re working with.

If a manufacturer does provide used car leasing, it is usually only certified pre-owned vehicles that are eligible. This means that if you want to lease a certified used vehicle, you’ll need to visit a franchised dealership like North Hollywood Toyota. Franchised dealerships are usually the only place where you can get a Toyota certified pre-owned lease.

If that’s the case, can you lease a certified pre-owned car? According to the National Automobile Dealers Association (NADA), the list of manufacturers that offer CPO leasing includes 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.

The Process of Used Car Leasing

So, can you lease a certified pre-owned car? Yes, you can! But there are other things involved. As we answer, “Can you lease a used car from a dealership?” keep the below in mind.

There aren’t many differences between leasing a brand-new car and undertaking a Toyota certified pre-owned lease. In both cases, the difference between your vehicle’s sale price and its estimated value at lease end will determine the monthly lease payment. When your lease terms are complete, you can then return the vehicle to the dealership. Used car leasing also comes with mileage limits, and you can be charged for excess wear and tear on your vehicle.

Benefits of a Used Car Lease

Is a Toyota certified pre-owned lease right for you? Here are just some of the benefits:

  • Monthly Payment Amount: You will enjoy a lower monthly payment if you consider leasing.
  • Potential for Lease Buyout: The estimated value of a used vehicle will be much lower at lease-end when compared to a newer model. If you love the vehicle you decided to lease, a lease buyout could be an affordable way to own this model down the road.
  • Lower Insurance Rates: Since insurance costs are based on the vehicle’s value, they will be significantly more affordable when you decide to lease a used car.

Contact Us For More Information

So, can you lease a used car from a dealership? Yes, you can with North Hollywood Toyota! If you still have questions about used car leasing or what your available options may be, do not hesitate to reach out to our team in North Hollywood.

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