Can You Lease a Used Car?

couple getting keys to new car

It is possible to lease a used car, but it isn’t commonly offered at most dealerships. Leasing is usually reserved for certified pre-owned vehicles, which must meet strict standards in order to earn certification. To find out about leasing a used model, contact Wilson KIA, serving Jackson and surrounding communities.

Used Car Leasing Facts

A used car lease can allow you to enjoy low monthly payments and be able to upgrade to another model once the lease term is completed. Some important things to know about used car leasing include:

  • Which Used Cars Can Be Leased? – Used car leases are generally only offered for certified pre-owned vehicles. Since used lease prices may not be advertised, you should contact us to find out if it’s a possibility.
  • Used vs. New Car Lease – Usually a used car lease will cost less than a new car lease, while still offering many of the same benefits. You’ll still have a mileage limit and the other usual lease restrictions.
  • Can I Buy a Used Car After I Lease? – If a dealership offers used car leases, you will probably have the chance to purchase the vehicle once the lease term is done. You’ll be able to take advantage of a lower residual value than you’ll get on a new car lease buyout, and there are several benefits when buying a used Kia.
  • Insurance for a Leased Used Car – Since insurance costs are partially based upon the value of the car, it’s possible that your insurance will cost less per month for with a CPO lease.

Used car maintenance costs tend to be higher, but certified pre-owned vehicles often include an extended warranty that covers many important components.

Learn More About Leasing

Whether you choose to buy or to lease, you’ll find a wide array of lease deals and incentives, as well as used car specials, at Wilson KIA. We want to make sure that you get the deal that is the right fit for your budget. Find out how car financing works learn if you need full coverage on a used financed car, explore the ins-and-outs of liability coverage, and take a look at our selection of used cars priced under $10,000, and if you have any questions about used car leases or lease contracts, feel free to give us a call at 601-914-4204.

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