Can You Lease a Used Car?

June 2nd, 2023 by

Tiny car with coins and finance paperwork

There comes a time when you have to shake things up in your life. Upgrading your Raleigh commuter with a pre-owned or CPO vehicle is one way to spice up your day-to-day travels. If you’re on a tight budget, you may be wondering if a new-to-you vehicle purchase is the right choice. 

 

 

However, you can lease a used car to keep your expenses low while experiencing one of the quality-assured used models on our Cary lot. After all, used car leasing is offered by manufacturers, despite not being advertised as much as new car leasing. Learn more about used car leasing with the experts at Anchor Auto Outlet below!

Leasing a Certified Pre-Owned Car

Although you can lease a used car, most manufacturers only allow CPO models to be leased. Typically, the certified pre-owned vehicles available for leasing must be fewer than 4 models years old and have less than 48,000 miles on their odometer. 

Are you interested in leasing a CPO car, truck, or SUV? Then you’ll need to visit a franchised dealership like Anchor Auto Outlet, conveniently located near Morrisville. Not sure what manufacturers offer certified pre-owned leasing? The National Automobile Dealers Association (NADA) has broken down the available options for your convenience:

  • Acura
  • Audi
  • BMW
  • Chrysler
  • Dodge
  • Ferrari
  • FIAT
  • Honda
  • Hyundai
  • INFINITI
  • Jeep
  • Kia 
  • Lexus
  • Lincoln
  • Mazda
  • Mercedes-Benz
  • MINI
  • Mitsubishi
  • Nissan
  • Porsche
  • RAM
  • Toyota
  • Volkswagen
  • Volvo

Why Lease a Used Car?

  • Monthly Payment Amount: As we noted above, you can lease a used car for a lower monthly amount than you would a new car. 
  • Potential for Lease Buyout: The estimated value of a used 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 a Used or CPO Car at Anchor Auto Outlet

If you have any remaining questions about the used car leasing process, feel free to reach out to us at Anchor Auto Outlet for more car-buying tips and information. The staff in our Cary Finance Center are more than equipped to handle any inquiries you may still have. We simply want you to make the most educated decision possible when it comes to your pre-owned or CPO lease!

 

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Posted in Used Car Research