Can You Lease a Used Car?

2021 Lexus ES Interior
When you’re looking for a vehicle to help you take on the Belleair roads with ease, there are two main things to consider. Those two factors range from if you’re shopping for a new or pre-owned vehicle and whether you decide to lease or finance the vehicle.

With a new vehicle, many shoppers decide to lease or apply for financing. On pre-owned vehicles, many shoppers opt for financing, but can you also lease a used car? Yes, used car leasing is possible but it’s only with certain vehicle manufacturers on specific pre-owned models. Learn about used car leasing today with the finance experts at Lexus of Clearwater!

How Does Used Car Leasing Work?

Now that we’ve answered, “Can you lease a used car?” you’re likely wondering about how used car leasing even works. The actual process of leasing a pre-owned vehicle isn’t much different from leasing a new vehicle. You’ll work with our finance experts to determine the specific lease terms that work best for your St. Petersburg lifestyle. While almost all new vehicles can be leased, there are only certain pre-owned vehicles that will be able to be leased.

According to the National Automobile Dealers Association (NADA), pre-owned vehicle leases are only available at franchised dealerships like Lexus dealerships, Toyota dealerships, etc. Additionally, franchised dealers typically only offer pre-owned vehicle leases on certified pre-owned models. If you’d like more information on pre-owned vehicle leases, we recommend reaching out to our team for specifics.

Perks of Used Car Leasing

Leasing isn’t right for everyone but for some, it can offer plenty of advantages. Before you choose to lease a pre-owned vehicle for your Palm Harbor adventures, here are some perks to be aware of:

  • Monthly Payment: Financing a pre-owned vehicle allows for a lower monthly payment than financing a new vehicle. Leasing a pre-owned vehicle will also provide a lower monthly payment.
  • Insurance: Certified pre-owned vehicle leases not only have a lower monthly lease payment but can often provide a lower insurance payment as well.
  • Lease-End Options: The flexibility of leasing means you can buy out your lease, turn it in, or simply walk away at the end of the lease.

Find the Right Vehicle at Lexus of Clearwater!

Whether you’re leasing or financing a new or pre-owned vehicle, our experts in Clearwater are here to assist. Contact us today and we’ll help you find the right vehicle!

 

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