Can You Lease a Used Car?

Are you considering an upgrade to your commute around Orlando? If you’re shopping on a tight budget, used and certified pre-owned vehicles are great options to buy. If you’re a Orlando customer who isn’t quite ready to buy a car, you may be considering different options. You might be asking, “Can I lease a used car?” Used car leasing is offered at many dealerships, although it isn’t as advertised as new car leasing. In the following guide, Maserati of Central Florida answers can you lease a used car and much more.

Used Car Leasing Facts

Before answering the question, “Can I lease a used car,” let’s explore how this option fully works.

Many auto manufacturers only allow certified pre-owned cars to be leased. Usually, the CPO vehicles available for leasing must be fewer than four model years old and have less than 48,000 miles on their odometer. If you want to lease a certified used vehicle, you must visit a franchised dealership, like those part of Maserati of Central Florida. It’s only at franchised dealerships where you can find certified pre-owned vehicles. 

How Does Used Car Leasing Work?

Leasing a certified used vehicle follows the same process as a new vehicle lease. The difference between your vehicle’s sale price and its estimated price at the lease end will determine your monthly lease payment.

This is great for Winter Park buyers as used cars will depreciate more slowly than newer vehicles. As a result, the difference between your sales price and estimated lease-end value will be smaller and you will have lower monthly payments.

Much like new car leasing, when your lease ends, you will return the CPO vehicle to the dealership. Remember, there will also be mileage limits and other rules you must adhere to. 

Benefits of a Used Car Lease

Beyond answering, “Can I lease a used car,” it’s important to also talk about the multiple benefits of undertaking a lease on a pre-owned vehicle:

• Monthly Payment Amount: As mentioned before, you will have to lease a used vehicle for a lower monthly amount than you would a new car.
• Potential For Lease Buyout: The estimated value of a used car will be much lower at lease-end when compared to a newer one, which makes your lease buyout more affordable as you reach the end of your lease term.
• Lower Insurance Rates: There’s a great chance when you get a lower car insurance rate with a CPO lease around the Orlando% area, as insurance costs tend to be based partially on your vehicle’s value.

Contact Maserati of Central Florida With Used Car Leasing Questions

The answer to “Can you lease a used car,” is a resounding “Yes!” Maserati of Central Florida is the best dealer around the Windermere area to find affordable pre-owned leasing options. Call us at 407-667-4300 or reach out online to ask more about the CPO leasing process in Orlando. If you’re still debating the best pre-owned Maserati, check out our guide on what to look for during the buying process. Experience a luxurious pre-owned Maserati around Winter Park with Maserati of Central Florida!