Can You Lease a Used Car?

Lease Agreement

When it’s time to upgrade your Leawood commute with an affordable vehicle, we have you covered at Mercedes-Benz of Kansas City. We offer an excellent inventory of used and certified pre-owned vehicles, making it easier for drivers to find the vehicle that’s right for them without breaking the bank. 

You’re probably wondering about used car leasing if financing isn’t an option for you. While this is offered by many manufacturers, you won’t see it advertised as much as new car leasing. Learn more in this guide below, then don’t hesitate to contact our finance team if you have any questions.

Used Car Leasing Facts

Most manufacturers only allow CPO vehicles to be leased, as long as the model is less than four model years old and has less than 48,000 miles on the odometer. If you’re looking for a certified used vehicle, we can help at Mercedes-Benz of Kansas City as we’re a franchised dealership.

Which models offer CPO leasing? According to the National Automobile Dealers Association (NADA), the list of manufacturers that offer CPO leasing includes 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?

Leasing a CPO is not much different than leasing a new vehicle. The difference between the sale price of the vehicle and the estimated lease-end value determines the monthly lease payment. 

This is a benefit for many Overland Park, KS shoppers since used cars depreciate more slowly than new cars do. So, the difference between the sale price and estimated lease-end value will be lower and your monthly lease payments will be lower. 

Like with new car leasing, when your lease ends, you will return your CPO lease to the dealership. You also have to follow the mileage limits.

What are the Benefits of a Used Car Lease?

 

  • Monthly Payment Amount: You can lease a used car for a lower monthly amount than you would a new car. 
  • Potential for Lease Buyout: The estimated value of a used vehicle will be lower at the lease-end when compared to a new vehicle. This could make a lease buyout more affordable when you reach the end of your lease term. 
  • Lower Insurance Rates: There’s a good chance that you can find a lower car insurance rate with a CPO lease, as insurance costs are partly based on the car’s value. 

 

Lease Your Next Vehicle With Mercedes-Benz of Kansas City!

If you have any questions about used car leasing, don’t hesitate to give our sales team a call. We’ll make sure that you find the vehicle that’s best suited for your driving needs and budget!

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