Can You Lease a Used Car?

Can you lease a used car in Cumming? Yes — it’s possible. Used car leasing isn’t as common as new car leasing, but it’s possible, depending on the dealership. As of now, the only automakers that don’t offer used leases are Ford, Buick, Chevrolet, Cadillac, and GMC. Read on to learn more about used car leasing and its benefits!

What Are Some Facts About Used Car Leasing?

If you want lower monthly payments coupled with the freedom of a lease, leasing a used car might be the right option for you. What do you need to know about used car leases? Here are a few things to keep in mind:

• Which Used Cars Are Available for Leasing? – Generally, used car leases are only offered for certified pre-owned vehicles. If you have a question about whether or not a specific used model can be leased, contact us directly to ask1
• Leasing a New vs. Used Car – Leases for used cars are typically more cost-effective than leases for new cars, yet still offer many of the same advantages. A used car lease will usually cost less than new car monthly lease payments. However, you’ll need to return the used car once the lease term ends, and you’ll also need to adhere to mileage restrictions.
• Can I Buy a Leased Used Car? – It’s probably safe to assume that once your used car lease is up, you’ll have the option to purchase the car as your own. Buying a leased used vehicle results in a lower residual value than completing a lease buyout on a newer model.
• How’s Insurance Coverage on a Leased Used Car? – The cost of insurance is influenced by the value of the car. That being said, It’s possible that you’ll pay less per month in insurance costs.

Learn More About Used Car Leasing from RBM of Alpharetta!

Now that you know the answer to the question, “Can you lease a used car,” our finance team can help you take the next steps. Do you have additional questions or are you looking for more car buying tips, such as how to refinance a car loan? Contact us at RBM of Alpharetta or visit us near Milton and Johns Creek! We’ll introduce you to our current lineup of used and certified pre-owned models for sale.