Can You Lease a Used Car?

Lease Agreement
 

If you’re shopping for a used vehicle to drive around as a way to save some money but don’t want to completely own the vehicle, then you might be curious about leasing a used car. Is it even possible? Not only is used car leasing possible, but it’s actually easier than you might think. Five Star Automotive Group is here to show you some tips and tricks that can help you lease a used car that you want at a great rate. 

 

 

Benefits of a Used Car Lease

Not only can you lease a used car, but there are actually many benefits to doing so, including: 

  • Lower monthly payment compared to financing
  • Ability to buy out the lease
  • Lower insurance rates

Certified Pre-Owned Leasing

Can you lease a used car? You may have a hard time leasing a standard used car, but you’ll find it much easier to lease a certified pre-owned car. A certified pre-owned car is a used car that’s undergone a more thorough inspection and must meet certain requirements. The specific requirements for a certified pre-owned vehicle will vary for each manufacturer, but here are the requirements that most certified pre-owned cars must meet: 

  • Must be less than 4 model years old
  • Must have less than 48,000 miles on the odometer
  • Must pass a points-based inspection process
  • Must have a clean vehicle history report 

What Brands Offer Used Car Leasing?

Most automotive brands offer certified pre-owned leasing, but they just don’t advertise the opportunity as often as they do with their new models. If you’re curious about what kind of vehicle you can lease near , here are the models that offer used car leasing, according to the National Automobile Dealers Association (NADA): 

  • Acura 
  • Audi
  • BMW
  • Chrysler
  • Dodge
  • Ferrari
  • FIAT
  • Honda
  • Hyundai
  • INFINITI
  • Jeep
  • Kia
  • Lexus
  • Lincoln
  • MAZDA
  • Mercedes-Benz
  • MINI
  • Mitsubishi
  • Nissan
  • Porsche
  • RAM
  • Toyota
  • Volkswagen
  • Volvo

At Five Star Automotive Group, we offer plenty of pre-owned brand models to choose from, but if you’re ever curious about which brands offer used car leasing, all you have to do is reach out us. 

How to Lease a Used Car

How does leasing a used car actually work? The process for leasing a certified pre-owned vehicle is quite similar to leasing a brand-new car. The main difference is that the sale price and the vehicle’s estimated lease-end value will be what decides the monthly lease payment. Since used vehicles depreciate at a slower rate than new cars, the difference between the sale price and expected value will more than likely be smaller, meaning that you’ll probably have a lower monthly payment than leasing a new car. 

When your lease is over, all you have to do is bring the vehicle back to your -area dealer, and they’ll take care of the rest of the process. Keep in mind that there are still limits you’ll need to abide by as exceeding those limits could result in penalty fees. 

Hopefully, we’ve answered most of your questions about used car leasing if not all of them. For any other questions, reach out to our finance center at Five Star Automotive Group. 

Learn About Used Car Leasing at Five Star Automotive Group!

Not only can you lease a used car, but at Five Star Automotive Group, you can learn even more about how to lease a used car that you’ll love to drive around Milledgeville at a rate that works for you. Contact us with any questions, and let’s help you find the perfect used car lease. 

 

More from Five Star Automotive Group

  • Is Now a Good Time to Buy a Car?

      Certain times of the year are great for buying a car. Is now a good time to buy a car? December is typically one of the best months of the year! As you shop at Five Star Automotive Group and see about auto loan financing, you’ll notice that the end of the year represents one of the…

  • Five Star Has Acquired Two More Stores in Ohio

    If you love shopping at Five Star Automotive Group but can’t always make it to the area, then you’ll be pleased to hear our wonderful news. There are now two more Five Star Ohio dealerships from which you’ll be able to shop. That’s right, Five Star Automotive Group has acquired two new stores in Ohio: Toyota of North Canton and…

  • Apple CarPlay No Longer Available for GM Electric Vehicles

    That’s right. General Motors just announced that they’ll be cutting Apple CarPlay and Android Auto compatibility from their electric vehicle lineup, starting with the 2024 Chevy Blazer EV. So, why would a manufacturer do away with your ability to connect your smartphone to your infotainment system? That’s because GM is introducing a new Google-powered infotainment…

Five Star Automotive Group 33.109962, -83.254708.