Can You Lease a Used Car?

Finance Paperwork with Glasses

Leasing a new vehicle has many exclusive benefits that you wouldn’t get from buying a new model. But, if you’re wanting to save even more money upgrading to a new ride, then you might be curious about leasing a used vehicle. But, can you lease a used car? It depends on the manufacturer, but you can lease a used car if it’s a certified pre-owned vehicle. Learn how used car leasing works with the finance center at Suntrup Kia South, and visit us for all of your leasing needs.

Used Car Leasing Basic Tips

Usually, manufacturers only allow certified pre-owned (CPO) vehicles to be leased since they have more assured quality than standard used vehicles. Most CPO vehicles must be less than four years old and have less than 48,000 miles on the odometer to be leased. What manufacturers offer used car leasing? Here are the current automotive brands that offer the ability to lease a used vehicle according to the National Automobile Dealers Association (NADA):

  • Acura
  • Audi
  • BMW
  • Chrysler
  • Dodge
  • Ferrari
  • FIAT
  • Honda
  • Hyundai
  • INFINITI
  • Jeep
  • Kia
  • Lexus
  • Lincoln
  • MAZDA
  • Mercedes-Benz
  • MINI
  • Mitsubishi
  • Nissan
  • Porsche
  • RAM
  • Toyota
  • Volkswagen
  • Volvo

How to Lease a Used Car

For the most part, leasing a used vehicle works about the same as leasing a new vehicle. The monthly lease payments will be determined by the difference between the sale price and the vehicle’s estimated value at the end of the lease. If you don’t plan on putting that many miles on the Mehlville roads, then leasing a used vehicle has the benefit of smaller monthly payments due to the fact that used vehicles depreciate at a slower rate than new vehicles. When your lease ends, you’ll simply return your lease to a dealership, and you’ll need to be sure to follow any set mileage limits.

Used Car Leasing Advantages

Not only can you lease a used car, but you can also experience plenty of advantages to leasing a used car compared to buying a new or used vehicle, including:

  • Smaller monthly payments compared to a loan or lease on a new car
  • More affordable lease buyout at the end of the lease term
  • Lower insurance costs

If you’re like many Fenton drivers and want to get more out of a lease, then consider leasing a used vehicle with Suntrup Kia South. For more questions on the leasing process and anything else, visit our dealership or reach out to us online.

Lease a Used Vehicle at Suntrup Kia South

Contact us to learn more about how leasing a used car works and how you can get a great deal on your next lease. Visit us online or swing by our dealership in St. Louis today.

 

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6263 S Lindbergh Blvd • St. Louis, MO 63123

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Suntrup Kia South 38.5159372, -90.3443184.