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If a brand new vehicle is not in the budget, but you want a vehicle you can depend on for many years to come, you may be wondering about used car leasing. Can you lease a used car? The answer to this question is yes! With used car leasing, you can enjoy the flexibility of leasing while driving an affordable automobile in like-new condition. Learn more about used car leasing below in this guide from Genesis Alfa Romeo.
If a dealership has an excess inventory of leased vehicles that have been returned in pristine condition, these vehicles may be offered with a used car lease. Most manufacturers only allow certified pre-owned vehicles to be leased, though. CPO models are generally only found at franchised dealerships. If you are interested in used car leasing, you will need to shop at a franchised dealer like Genesis Alfa Romeo.
Used car leasing is very similar to new car leasing. When the terms of the lease are complete, you will bring the vehicle back to the dealership. You will also need to stick to the set mileage limits. The difference between the sale price of the vehicle and its estimated value at lease-end will determine the monthly lease payment. This is what makes used car leasing so beneficial to Utica and Sterling Heights drivers.
New cars depreciate much more rapidly than used cars. Because of this, the difference between the sale price and estimated lease-end value will be smaller with used car leasing. You can take advantage of lower monthly payments and still drive a car in like-new condition.
Can you lease a used car at Genesis Alfa Romeo? We invite you to contact us for more information about this attractive option. We can’t wait to help you find a vehicle that exceeds your expectations but not your budget.
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