Can You Lease a Used Car?

When you’re shopping on a budget, you’re used or certified pre-owned vehicle is closer than you think. Offered by many manufacturers, used car leasing is a way for you to upgrade your commutes around Brighton without making the investment of buying a car outright. So, how can you lease a used car? Read on with Transwest GMC to learn everything you should know about leasing a used car and find the right car for your drives around Henderson. 

What is Used Car Leasing?

While not as advertised as new car leasing, manufacturers allow used car leasing on their certified pre-owned vehicles only. Typically, CPO vehicles are newer models that are fewer than 4 years old and have less than 48,000 miles on the odometer. That makes them great for when you want a more affordable model with newer technology and upgraded capabilities. To lease these vehicles, you’ll have to visit a franchised dealership that sells certified pre-owned models for the manufacturer. 

A number of brands offer CPO leasing. According to the National Automobile Dealers Association (NADA), manufacturers include 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. Browse the GMC CPO models in our inventory today!

How Can You Lease a Used Car?

Thankfully, used car leasing isn’t too different from leasing a new vehicle. The monthly payments are determined by the difference between the sales price of the vehicle and its estimated value at the end of the lease. Although, this process is a little simpler for Denver shoppers as used cars depreciate slower than new cars. That means the calculated difference will be smaller allowing for lower, more affordable monthly payments. 

Keep in mind that there are still mileage limits you have to follow. However, once you reach the end of your term, you can simply return your leased CPO model to the dealership or consider your purchasing options if you enjoy how it fits into your trips around Denver. 

Advantages of Leasing a Used Car

• Monthly Payment Amount: As mentioned, leasing a used car can be a great option for tight budgets as you can lease for a lower amount than a new car. 
• Potential for Lease Buyout: If you reach the end of the lease, you’ll also have more affordable options at the end of the lease as the estimated value for a used car is lower than that of a new vehicle. 
• Lower Insurance Rates: Used car leasing can also allow you to head out on Thornton streets with a lower insurance rate as costs are partially based on the vehicle’s value. 

Lease a Pre-Owned Model with Transwest GMC!

Be sure to explore the benefits of a certified pre-owned vehicle from Transwest GMC and if you have questions about how you can lease a used car, contact us today! Once you’ve found the model that matches your style, easily apply for financing online and use our payment calculator to see how it fits your budget.