Can You Lease a Used Car?

Even though used car leasing is not common, there are some dealerships that do offer it. These vehicles are typically part of the certified pre-owned program. Currently, Ford, Buick, Chevrolet, Cadillac, and GMC do not offer used car leasing. Can you lease a used car at Toyota of North Miami? Learn more and don’t hesitate to reach out to us with any questions.

Used Car Leasing Facts

Used car leasing is an excellent option for car buyers who want lower monthly payments and the freedom that comes with having a lease. Below are some important factors to consider:

• Which Used Cars Can Be Leased? – Most used car leases are only offered for certified pre-owned vehicles. Because used lease prices are not always advertised, it’s a good idea to contact us to see if it’s a possibility.
• Used vs. New Car Lease – A used car lease usually costs less than lease payments on a new Toyota vehicle, but offers some of the same benefits. You still have to return the vehicle after the lease term is up, and there are mileage limits to follow.
• Can I Buy a Used Car After I Lease? – If a dealership offers used car leasing as an option, there is a good chance that you can purchase the car after the lease is up. That gives you a lower residual value than a lease buyout on a newer model. 
• Insurance for a Leased Used Car – Insurance costs are based on the value of the car. There is a possibility that you can pay less per month for insurance with a CPO lease.

While maintenance costs could be higher with a certified pre-owned vehicle, they often include an extended warranty that covers several important components. 

Learn More About Used Car Leasing

Peruse the lease deals and incentivesavailable on new Toyota cars, trucks, and SUVs! To learn more about used car leasing, lease contracts, or our vehicle inventory, don’t hesitate to reach out to us. We’re here to help make the car leasing process go as smoothly as possible.