Can You Lease A Pre-Owned Car?

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Many Dublin car buyers wonder if they can lease a pre-owned car. Yes, under the right circumstances, pre-owned car leasing can offer a smart, flexible alternative to buying, especially for those who value luxury, quality, and lower monthly commitments. 

 

Driving a premium vehicle doesn't always mean buying new. That's why Five Star Lincoln offers tailored options for discerning Macan clients who want the benefits of a lease, without committing to brand-new depreciation.

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Pre-Owned Car Leasing Facts

Most manufacturers only allow certified pre-owned vehicles to be leased. As a general rule, the CPO vehicles available for leasing must be fewer than 4 model years old and have less than 48,000 miles on their odometer. This means that if you want to lease a pre-owned vehicle, you'll need to visit a franchised dealership, as it's only at franchised dealerships where you can find certified pre-owned vehicles. 

 

According to the National Automobile Dealers Association (NADA), the list of manufacturers that are said to 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.

How Does Pre-Owned Car Leasing Work?

Leasing a certified pre-owned 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 lease end will determine the monthly lease payment. 

 

This poses a benefit for shoppers--pre-owned cars depreciate more slowly than new cars, so the difference between the sale price and estimated lease-end value will be smaller, and your monthly payments will be lower.

 

Like new car leasing, when your lease ends, you will need to return your CPO lease to the dealership. There will also be mileage limits you will need to adhere to. 

Benefits Of A Pre-Owned Car Lease 

  • Monthly Payment Amount: As we noted above, you can lease a pre-owned car for a lower monthly amount than you would a new car. 
  • Potential for Lease Buyout: The estimated value of a pre-owned vehicle will be lower at lease-end when compared to a new vehicle, which could make a lease buyout more affordable when you reach the end of your lease term. 
  • Lower Insurance Rates: There's a good chance you can get a lower car insurance rate with a CPO lease, as insurance costs are partially based on the car's value. 

 

Lease Your Next Ride With Five Star Lincoln

Reach out today to see which of our pre-owned vehicles qualify for leasing, and let us help you drive home in a refined, high-quality vehicle that fits your budget and expectations. Browse our pre-owned vehicles under 30k, as well. We will see you in Warner Robins.