Can You Lease a Used Car?

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At Bayer Auto Group, Stephenville drivers know they can get a used or certified pre-owned vehicle for a great price – but what about used car leasing? This would allow shoppers to combine the budget-friendly powers of a used car with the lower down payment and monthly payments of a lease. Can you lease a used car? That depends on the manufacturer and the dealer. If a manufacturer offers used car leasing, it’s usually only for certified pre-owned vehicles from franchised dealerships like Bayer Auto Group Learn more about how you can lease a used car with us.

How Does Used Car Leasing Work?

There isn’t much difference between used car leasing and new car leasing, other than you’ll save big when you lease a used car in Brownwood. Since used cars don’t have the huge depreciation rate of new cars, the estimated lease-end value of a used car will be dramatically less than leasing a new car. Just like new car leasing, when you lease a used car you’ll have mileage limits, and you’ll return it to the dealership when your lease is due.

Used Car Leasing Facts

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 model years old and have less than 48,000 miles on their odometer. This means that if you want to lease a certified used vehicle, you’ll need to visit a franchised dealership like those that are a part of Bayer Auto Group, as it’s only at franchised dealerships where you can find certified pre-owned vehicles.

Benefits of a Used Car Lease

There are several big benefits of a used car lease, but they all work out to the same outcome for Abilene drivers: savings.

  • Monthly Payment Amount: Lease payments tend to be lower than auto loan payments. When you lease a used car you’ll save even more money on your monthly payments.
  • Potential for Lease Buyout: The estimated value of a used vehicle will be lower at lease-end when compared to a new vehicle. This might make a lease buyout more affordable when you reach the end of your lease term.
  • Lower Insurance Rates: Insurance costs are partially based on the car’s value. Since a used car lease has already undergone the bulk of its depreciation, and because insurance rates tend to be lower on used cars, you’ll save money.

Can You Lease a Used Car at Bayer Auto Group?

Yes, you can! Contact us to find out which used car leases we have available for you. And don’t forget to check out our offers and incentives. While they focus on new cars, you might find the right fit for your budget.

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