Can You Lease a Used Car?

New car leases are popular because they let drivers enjoy the latest features with a lower monthly payment, but what if you’re looking for even more savings? Can you lease a used car? Used car leasing isn’t a common practice, and some brands even prohibit it entirely. That said, leases of certified pre-owned vehicles are not unheard of, so you’ll want to contact us for details.

Here’s What You Should Know About Used Car Leasing

Many drivers prefer leasing to financing, but if you don’t want to pay new car prices, you’ll need to opt for a used model. We’ve already noted that used car leasing is uncommon, but if you’re going to go looking anyway, here’s what you should keep in mind:

• • You’ll probably end up with a CPO vehicle. If a dealership is going to lease a used vehicle, they’ll want to make sure that they can sell it again after it returns to their hands! For this reason, most places won’t lease older used vehicles. If a dealership offers used car leases at all, they’ll usually only be available on CPO models with good mileage.
  • Used car leases are often unadvertised. Most dealers near Vienna and Fairfax would prefer to sell their used cars instead of leasing them. If you want to know more about used car leases, you’ll probably need to contact the dealership directly.
  • Used car leases are a lot like new car leases. If you lease, you can expect to enjoy lower monthly payments. Additionally, you’ll have the option to return or buy the vehicle at the end of your contract. Lastly, you’ll be subject to restrictions regarding how much you can drive.

• You could save on insurance. It’s no secret that insurance costs are based on the cost of the vehicle being insured. All leased vehicles must be insured, but choosing to lease a used vehicle can lower your monthly insurance payments.

Get the Facts on Leasing with the Stohlman Volkswagen Finance Team!

Ready to learn more about the costs and requirements that come with purchasing or leasing a Volkswagen? Find out what liability insurance covers or explore more of our car buying tips.

If you want to get a better deal, check out our new vehicle incentives to see if there’s a leasing or finance deal that’s right for you. While you’re at it, why don’t you check out our used cars priced under $10K?