Can You Lease a Used Car?

Can you lease a used car? Used car leases are certainly rare, and some brands prohibit them entirely, but at the end of the day, they’re not unheard of! Are you still interested in leasing one of our pre-owned models? Although used car leasing is uncommon, we encourage you to contact us today! You might be surprised at what we can do for you.

Used Car Leasing Facts and Benefits

Many drivers choose leasing over buying because of the lower monthly payments associated with these short term contracts! So, it stands to reason that leasing a used car would be even cheaper than buying one, at least in the short term. Are you still wondering if you can lease a new car? Explore these other facts to see if it’s an option worth pursuing:

• Used vs. New Car Lease – Although leasing a used car is likely to be more affordable than leasing a new car, the two options are similar in most other respects. You’ll still be subject to mileage limits and travel restrictions, for example.
• Can I Buy a Used Car After I Lease? – If a dealership is willing to offer a used car lease, there’s a very good chance that you can buy it at the end of your term. However, if this is an option you’re considering, you might be better off buying it outright in the first place.
• Insurance for a Leased Used Car – You probably know that insurance costs are determined by the cost of the car being covered, among other factors. So, leasing a used car could help you save on these monthly payments.

There is at least one major drawback to leasing a used car: Since most used models are not covered by any sort of warranty, you may be required to pay for repairs and part replacements on a vehicle that isn’t even your own!

Why is Used Car Leasing So Uncommon?

When a dealership works with an interested party to set up a leasing contract, they know there’s a high chance that it will return to their possession at the end of the lease term! After all, that’s just how leasing a vehicle works! So, a dealership which often leases used cars will tend to end up with a lot of high-mileage used cars on their lot, and reselling these models may prove to be a challenge. Despite all this, it is occasionally possible to lease a certified pre-owned vehicle! Since these like-new models have very low mileage at the time the contract is signed, they’re easier to sell after the leasing period has ended.

You Could Still Save Big by Driving with Volkswagen North Scottsdale!

You don’t have to drive used to enjoy an especially low monthly payment on your next lease! Check out our current VW leasing specials, or learn more about the Volkswagen Sign & Drive program! Just contact us to get approved and set up your contract. Still considering a used model? Explore our CPO special offers, find out how to refinance your car loan, or maximize your savings by choosing a used car priced under $10K.