Can You Lease a Used Car?

Are you looking to get a new Matthews ride but don’t want to take the leap and buy or lease a new vehicle? If that’s the case, then used or certified pre-owned vehicles are likely the best option for you. If you don’t want to buy a used car, you could look into used car leasing. Used car leasing is available through many different manufacturers and is a great way to ease yourself into vehicle ownership. Let’s take a closer look at used car leasing with Hendrick Chevrolet Monroe today! For more information, feel free to contact us anytime!

Facts About Used Car Leasing

If you search for used cars for lease near Waxhaw, you’ll likely find a variety of certified pre-owned vehicles available. On average, a certified pre-owned vehicle must be no more than 4 years old and have less than 48,000 miles on the odometer. Therefore, you’ll need to get in touch with a dealership such as Hendrick Chevrolet Monroe to find CPO vehicles for lease.

According to the National Automobile Dealers Association (NADA), the list of manufacturers which are said to offer CPO leasing includes GM — Chevrolet, GMC, Cadillac, Buick —Acura, Audi, BMW, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.

How Does Used Car Leasing Work?

There are a few different ways used car leasing works; however, it’s very similar to leasing a new car. The main difference is the sale price, which changes the estimated value at the end of the lease, making the monthly payments cheaper. Similar to leasing a new car, as soon as the lease ends, just return it to your local Monroe dealership, making sure that you did not go over the agreed-upon mileage limits.

Benefits of a Used Car Lease

• Monthly Payment Amount: Leasing a used car is much more affordable than leasing a new car, as the price is lower, resulting in a lower monthly payment.
• Potential for Lease Buyout: Because the lease-end value will be lower, it will be easier to buy out the lease with a used car when the lease is over.
• Lower Insurance Rates: You could likely receive lower insurance rates with a CPO lease, as the insurance cost is based on the value of the vehicle.

Used Cars for Lease Near Matthews

Now that you know more about used car leasing, come stop by Hendrick Chevrolet Monroe and lease your used vehicle today. Check out our CPO inventory, and meet with our finance center to negotiate the terms of your lease. Be sure to check out our used vehicle specials to save on your next ride around Weddington!