Can You Lease a Used Car?

Do you want a like-new car, truck, or SUV for your St. Louis drives? Used car leasing is one possibility, depending on the dealership and the vehicles available on the lot. We do have a selection of quality pre-owned vehicles and certified pre-owned vehicles, some of which provide excellent examples of models for used car leasing. 

Did you know that used car leasing is offered by many manufacturers? It’s not typically advertised as much as new car leasing. Keep reading our guide to used car leasing to find out more details about this service.

Used Car Leasing Facts to Know

Most automakers only allow certified pre-owned (CPO) vehicles to be leased. And even then, not all CPO vehicles can qualify for a lease. As a general rule, the CPO vehicles available for leasing must be fewer than four model years old and have less than 48,000 miles on their odometer. You’ll have to visit a franchise dealer, like our team near St. Charles, in order to take advantage of used car leasing because only franchised dealers can offer CPO vehicles. 

Not all manufacturers offer used car leasing. Talk to us to see if we have some models on our lot that qualify.

How Does Used Car Leasing Work?

Leasing a certified used vehicle follows a pretty similar process to new vehicle leases. The difference between the sale price of the vehicle and its estimated value at the end of the lease determines your monthly lease payment amount. 

Your used car lease payments might be less compared to a new car lease because CPO vehicles have already undergone some kind of depreciation. Like new car leasing, when your lease ends, you’ll need to return your CPO lease to the dealership. There will also be mileage limits you will need to adhere to. 

Benefits of a Used Car Lease

• Monthly Payment Amount: You’ll have a lower monthly payment and pay less in sales tax with a used car lease.

• Potential for Lease Buyout: The estimated value of a used vehicle will be lower at lease-end when compared to a new vehicle. You might be able to afford an auto loan at a better rate and with lower interest at that time.

• Lower Insurance Rates: There’s a good chance you can get a lower car insurance rate with a CPO lease because insurance is based on the car’s value. 

Learn More About Used Car Leasing in Creve Coeur!

Have lingering questions about used car leasing? Contact us or call (314) 325-8860 to talk to our team about this option. While you’re here, look at our payment calculator to see what kind of monthly budget you could have with a used car lease. We’re here for all of your car-buying needs near St. Peters!