Can You Lease a Used Car?

Choosing to shop for a used car is a great way to upgrade your Kyle commute. With a late-model used car, truck, or SUV, you’ll enjoy many of the features offered on brand-new vehicles at a much more affordable price. Can you lease a used car? While used car leasing is available in the Regina area, it is typically only offered with certified pre-owned (CPO) vehicles. That being said, the certified pre-owned programs of certain brands, including Ford, Buick, Chevrolet, Cadillac, and GMC, do not offer used vehicle leasing. Learn more in this used car leasing guide from Standard Motors.

Used Car Leasing Details

The low monthly payment and the built-in flexibility of a lease can be mighty appealing, especially when offered with a used vehicle. Before deciding whether used car leasing is the right fit for your Saskatoon-area driving needs, consider the following:

• Used vs. New Car Lease – While a used car lease will come with lower monthly payments than a new car lease, the usual lease restrictions still apply. For example, you’ll still have set mileage limits and will need to return the vehicle at the end of the lease.
• Which Used Cars Can Be Leased? – As mentioned previously, a used car lease option is usually only offered for certified pre-owned vehicles. Note that used car lease prices are not always advertised, so you should contact the dealership to find out if it’s a possibility.
• Can I Buy a Used Car After I Lease? – Just as with a new car lease, you’ll have the opportunity to purchase the vehicle after the lease term is completed. One of the benefits of purchasing a leased used car is that it will have a lower residual value, so you’ll pay less than you would if you opted for a lease buyout on a new car. 
• Insurance for a Leased Used Car – Since insurance rates are partially determined by the value of the car, you will most likely pay less per month for insurance with a CPO lease.

There are some attractive benefits to leasing a used or certified pre-owned car, but you should remember that the maintenance costs on a pre-owned vehicle generally tend to be higher. To offset that, CPO vehicles include extended warranty coverage for replacement auto parts and routine maintenance services. Opting for a certified pre-owned vehicle gives you many of the benefits of buying or leasing a brand new car at a more budget-friendly used car price.

Learn More About Leasing a Used Car at Standard Motors

You’ll have plenty of options available to you when you shop for used cars at Standard Motors in Swift Current. We offer used vehicle specials as well as a fine selection of used cars that are priced under $10,000. Contact us for answers to questions like can you lease a used car, and then stop by our dealership in Swift Current to get behind the wheel of a high-quality pre-owned vehicle today!