Can You Lease a Used Car?

You’ve run the numbers. You’ve compared buying vs. leasing a car, and you’ve concluded that leasing is right for you. So have a lot of our Bismarck customers. Can you lease a used car instead of buying new and save even more money? Is it worth it? Our finance department wants you to be fully informed so that you can make the best decisions surrounding leasing your next vehicle. So, let’s talk about the ins and outs of used car leasing and whether it’s right for you.

Is Used Car Leasing Possible?

Can you lease a used car? Yes, you can often lease a used car from a dealer, and there are some benefits of doing so. Here are some of the pros of used car leasing:

• 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.
• 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.

Does Used Car Leasing Right Make Sense for You?

Can you lease a used car? Yes, but that doesn’t necessarily mean it’s the best option. Here are some of the cons of used car leasing:

• Used cars incur more repairs than new cars.
• A used car is often not under warranty unless it is certified pre-owned.
• You will still want to compare the lease terms for a certified pre-owned vehicle with those for a new vehicle to make sure you’re actually getting a better deal.

Talk to the Finance Department at Ryan Honda of Minot and Minot

The experts at our finance center would be happy to walk you through the pros and cons of leasing, and help you decide on the best option for you. We make it easy for you to get behind the wheel of your next vehicle. You can even apply for financing online. Our dealership is just down the road from both Devils Lake and Dickinson. So, drop by or contact us today!