Can You Lease a Used Car?

Are you looking to upgrade your Merced commute with a luxurious Mercedes-Benz, but you’re working with a tight budget? Pre-owned and certified pre-owned vehicles from Mercedes-Benz of Modesto are excellent options to consider. If you’re not ready to invest in purchasing an automobile, you’re probably wondering “can you lease a used car?” While many manufactures do offer used car leasing, it’s typically not advertised as much as new car leasing. Learn more about all-things used car leasing with the Mercedes-Benz of Modesto team, below!

Facts About Used Car Leasing

Most manufacturers only allow certified pre-owned vehicles to be leased. As a general rule, the CPO vehicles available for leasing must be fewer than 4 years old and have less than 48,000 miles on them. In turn, if you want to lease a certified used vehicle, you’ll need to visit a franchised dealership like those that are a part of Mercedes-Benz of Modesto, as it’s only at franchised dealerships where you can find certified pre-owned vehicles.

According to the National Automobile Dealers Association (NADA), the list of manufacturers which are said to offer CPO leasing includes Acura, Audi, BMW, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.

How Can You Lease a Used Car?

When Stockton drivers decide to lease a certified used vehicle, the process is fairly similar to new vehicle leases. The difference between the sale price of the vehicle and its estimated value at lease-end will determine the monthly lease payment.

This is highly beneficial considering used cars depreciate at a much slower rate than new vehicles. As a result, there’s a smaller difference between the sale price and the estimated lease-end value, making your monthly payments lower.

Similar to when you lease a new car, once your lease ends, you’ll need to return your CPO lease to the dealership. There will also be mileage restrictions that you must adhere to.

Benefits of Used Car Leasing

If you’re unsure as to whether leasing or buying will best suit your budget and driving needs, take a look at some of the benefits you can look forward to when leasing a used car:

• Lower Monthly Payment Amount: As we previously noted, you can lease a used car for a lower monthly payment than you would when leasing a brand new vehicle.

• Potential for Lease Buyout: Since the estimated value of a used vehicle is lower at lease-end than a new vehicle, a lease buyout could be much more affordable when you reach the end of your lease term.

• Lower Insurance Rates: There’s a good possibility that when you opt for used car leasing, you can get a lower car insurance rate.

Learn More About Used Car Leasing with Mercedes-Benz of Modesto

Do you have any additional questions about used car leasing? If so, contact us for more information on how the lease process works at our dealership near Stanislaus. Or, just reach out to our finance experts who are more than happy to help you secure the best leasing or buying plan for your budget.