Can You Lease a Used Car?

Leasing a used car isn’t very common, however it is offered at some dealerships. These vehicles are typically part of the certified pre-owned program. Currently, the only brands that explicitly don’t offer used leases are Ford, Buick, Chevrolet, Cadillac, and GMC. Learn more about leasing a used vehicle and more with Town North Mazda near Plano today and get behind the wheel of your favorite with the help of our finance center.

Used Car Leasing Facts

If you’re looking for low monthly payments and the freedom of a lease, a used car lease can be your best choice. Here are some key things to know about used car leasing:

• Which Used Cars Can Be Leased? – Most used car leases are only offered for certified pre-owned vehicles. Used lease prices may not be advertised, so it’s a good idea to contact us to find out if it’s a possibility.
• Used vs. New Car Lease – A used car lease will usually cost less than new car monthly lease payments, but offer many of the same benefits. You’ll still need to return the vehicle after the lease term is up, and you’ll still need to meet mileage limits.
• Can I Buy a Used Car After I Lease? – If a dealership offers used car leases, it’s a safe bet you’ll be able to purchase the car after the lease is up. That gives you a lower residual value than performing a lease buyout on a newer model.
• Insurance for a Leased Used Car – Insurance costs are partly dictated by the value of the car. It’s possible that you could pay less per month for insurance with a CPO lease.

And though maintenance costs tend to be higher on a certified pre-owned car, there are often extended warranties that cover the important components that need covered.

Learn More About Leasing with Town North Mazda!

Once you’re ready, explore the lease deals and incentives offered on new and certified pre-owned vehicles at Town North Mazda today! We also offer vehicle specials to help you save. If you have any questions about used car leases or lease contracts, feel free to contact us or visit our dealership just a short drive from McKinney.