Can You Lease a Used Car?

 

Are you eager to elevate your commute from Garfield Township to Kalkaska? If so, Audi Traverse City is the place to shop! We have a wide selection of premium new Audi models and plenty of pre-owned options to explore. If you're more intrigued by taking home a used car, you may ask, "Can you lease a used car?" Used car leasing is an option, but it's not the most typical vehicle acquisition method. Below, we'll go over the advantages and drawbacks of used car leasing to help you determine if this option is right for you!

Used Car Leasing Facts

In most cases, manufacturers only allow for certified pre-owned models to be leased. If you've made the smart move and set your sights on Audi, that means your vehicle will have passed a 300+-point inspection, have fewer than 60,000 miles, and be newer than five model years old. So, can you lease a used car anywhere? In order to lease a used car, you'll need to work with a certified dealership of the brand you're hoping to lease. 

The National Automobile Dealers Association (NADA) reports that the following brands offer used car leasing opportunities, 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 Does Used Car Leasing Work?

If you've ever taken on a new car lease, then you'll be very comfortable with leasing a used car. The process is largely the same since the difference between the sale price of the vehicle and its estimated value at the end of the lease will determine your monthly payments whether you're leasing new or used. 

If you're considering leasing a pre-owned model, this is a great benefit. Used cars depreciate much slower than new cars, so the price difference between day one of your lease and at lease-end will be smaller. As a result, you'll improve your Interlochen travels while enjoying a more affordable monthly payment. Once your lease term is up, simply return to our dealership, and our team will facilitate a quick return process. 

Benefits of a Used Car Lease

  • Monthly Payment Amount: As mentioned above, leasing a used car offers a chance to save big each month. 
  • Potential for Lease Buyout: The value of your vehicle at lease-end will be lower than it would be if you were leasing new. That means you'll have an easier time buying out your lease if you've fallen in love with your vehicle. 
  • Lower Insurance Rates: With vehicle value playing a major role in setting coverage prices, a less expensive vehicle will help you save on insurance!

Learn More About Leasing in Traverse City

Ready to leave boring Elmwood Charter Township commutes in your rearview mirror? When the time comes to make the switch to a premium Audi vehicle, Audi Traverse City is here to guide you through the process. We make it easy to find your dream ride for less. As always, feel free to contact us with any questions about leasing your vehicle!