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How do I lease a certified car?

Finding a CPO Vehicle to Lease As a general rule, you'll need to visit a franchised dealership, as this is the only place one can find certified pre-owned vehicles. Your vehicle choice will also need to be less than 4 years old and have fewer than 48,000 miles.

Can you lease a certified used car?

As a rule, used cars available for lease from dealerships will be certified pre-owned (CPO) vehicles that are less than 4 years old and with fewer than 48,000 miles on the odometer. Shoppers who lease used are able to buy out the vehicle at the end of the lease, just as they can with new autos.

Is it a good idea to lease a used car?

Because there's less depreciation with a pre-owned vehicle, you can expect used-car leases to require less due at signing, have lower monthly payments, or both. You Can Get a Better Car: Leasing a used car can also allow you to get your dream car. Most used vehicles available for leasing are certified pre-owned cars.

Is it cheaper to lease a new or used car?

Leasing new enables you to get into a new car for a much cheaper price, but when the lease ends, you're left with nothing. Buying used lets you get into a car for cheap, but it's not a new one. However, a late model used car usually gives you several years of driving before it needs to be replaced.

What cars can be leased?

Currently, Audi, BMW, Mercedes-Benz, and Lexus offer leasing on certified pre-owned cars. They offer lease rates as low as 0.9 percent, but the rates are generally slightly higher than for new cars.

Is it better to lease or finance a used car?

Monthly lease payments are generally less expensive than monthly car loan payments. However, with each loan payment, you can build up equity for the future when you decide to sell it or trade it in. Buying a vehicle and driving it for several years after you pay it off can be the cheapest way to own a car.

Can you lease a 2-year-old car?

When leasing a used car, you don't want to lease something that is too old and has the potential to require expensive repairs. Generally, you should be looking at 2 to 3-year-old vehicles, ideally ones that are still under warranty or are certified used cars that come with extended warranties.

Can you lease a previous year car?

Once those new 2015 cars hit the showroom, if you lease a 2014 vehicle, you already have last year's model and that's true even if your 2014 leased car is brand-spanking new and has no miles on it. But it would be a mistake to think that you can't get a good deal on a lease, no matter which year vehicle you select.

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