Can You Lease a Used Car?

Lease Agreement

Are you considering making a change to your driving routine? If your commute from West Bridgewater to Stoughton needs a refresh, shopping pre-owned is a great way to save. But, what do you do if you want to save with a pre-owned model but aren’t ready to commit to a purchase? Can you lease a used car? Used car leasing is offered by a number of car manufacturers, so it is a possibility! Below, you can review a few shopping tips to see if opting for a pre-owned lease is the right move for you!

Used Car Leasing Facts

Generally, car makers only allow for certified pre-owned vehicles to be leased. Usually, these vehicles are low mileage, newer, and meet quality standards. For Volkswagen, each CPO model is held to strict standards and comes with a CARFAX® Vehicle History Report™. That means you’ll need to work with an authorized dealership if you’re interested in used car leasing.

Can you lease a used car from Volkswagen? Yes, you can! According to the National Automobile Dealers Association (NADA), the list of manufacturers which 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 Used Car Leasing Work?

Leasing a CPO vehicle from our dealership near Easton essentially follows the same process as leasing a new model. Your monthly payment will still be determined by the difference between the sale price of the vehicle and its estimated lease-end value. This is a great benefit! Since used models depreciate slowly, used car leasing is incredibly affordable.

Once your lease is up, you’ll visit our dealership in Brockton to discuss your lease end options. Our team will also inspect your vehicle to ensure the quality is sound and that you’ve stuck to your mileage limits.

Benefits of a Used Car Lease

  • Monthly Payment Amount: As previously mentioned, leasing a used car brings a much lower monthly bill than shopping new.
  • Potential for Lease Buyout: Since you’re dealing with a used car, the estimated value at the lease end will be relatively low. This makes it more affordable to buy out your lease!
  • Lower Insurance Rates: Car insurance rates are based largely on the value of the vehicle being covered. As such, coverage on used cars is quite affordable!

Contact Us With Used Car Leasing Questions!

At Silko Volkswagen, we’re here to help with all of your automotive needs. From answering questions like “Can you lease a used car?” to helping you explore lease takeovers, we have your back! We can even teach you how to pay off your car loan early if you’re looking to move on from financing and sign up for a VW lease! Contact us for all of your questions and concerns.

 

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