Can You Lease a Used Car?

Man and Woman Signing Contract

 

So, maybe you’re aware of the benefits of leasing a new car for your Turnersville commute over buying one. But now you’re wondering, “Can I lease a used car and save even more money?” Can you lease a used car? It’s possible, but used car leasing does have its downsides. Our finance department wants you to be fully informed so that you can make the best decisions around leasing your next vehicle. So, let’s talk about whether leasing a used car is right for you.

 

 

Can I Lease a Used Car? The Upside

Used car leasing can be risky for most Cherry Hill drivers, but might save you a little money under some circumstances. Here are some of the possible benefits of leasing a used vehicle:

  • The lease will most likely be for a certified pre-owned vehicle.
  • Odds are that you will have lower payments than if you were to lease a new car, but not always.
  • Depreciation is less of a factor when leasing a used car. And that depreciation is reflected in your down payment, or what you owe at the end of the lease.

Can I Lease a Used Car? The Downside

Can you lease a used car at most dealerships? Most Sicklerville area lenders are not keen on used car leasing, for some good reasons. Even if you were able to find a lender or dealership who would take a chance on leasing a used car, it may not be the best idea for you. Here are some downsides to keep in mind:

  • Used cars incur more repairs than new cars.
  • A used car is often not under warranty unless it is certified pre-owned.
  • You may not even get better terms on your used car lease than you would if you leased a new car. Be sure to read the lease agreement closely.

Learn About Your Leasing Options at Nissan of Turnersville

Can you lease a used car at Nissan of Turnersville? We don’t offer used car leasing, but our lease deals on new cars are so good, you probably won’t see any advantages to leasing a used one. Our finance department would be happy to walk you through all of your leasing and financing options. We make the whole process of getting your next car so simple, that you can even apply for financing online. We’re just down the road from Woodbury. So, drop by or contact us today!

 

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