The financing part of getting behind the wheel of your next ride comes with a lot of questions. However, you’ve come to the right place if you find yourself asking, “Can I lease a used car?”
At Grace Auto Group, it’s our team’s mission to make choosing your next vehicle as simple as possible. We want the financing process to go smoothly for our Morrisville, Bristol, and Levittown, PA, neighbors, so we put together this helpful used car leasing guide.
If you have any questions along the way, just give us a call.
Leasing a Used Car: Is it Possible?
In general, leasing is for new vehicles. When you lease, you’re agreeing to borrow the vehicle for a set period of time from the dealership. This financing option is ideal for those who want less maintenance when choosing a car, and this is why leasing is normally just for new rides.
However, some dealerships do have a few exceptions, typically on certified pre-owned (CPO) cars. Consider if leasing is right for you and then contact your local dealership to learn more about the options available to you.
The Benefits of Buying
Before finding out if you can lease a used car at your local dealership, you need to decide if leasing is the right option for you. There are some major perks to buying your next ride, including the following:
Customize your ride: When you own the car, you can customize it in any way you choose, like with a fun paint job or even just a cute bumper sticker.
No mileage restrictions: The biggest limitation when leasing is the yearly mileage restrictions that come with it. However, when you buy, you can drive your car as far and as often as you’d like.
Sell when done: When you’re ready for a new car, you have the option to sell or trade in the vehicle you bought—an option that suits many lifestyles.
To learn more about leasing vs. buying your next car, reach out to a member of our finance team.
Why buy a used car specifically? Some people think if they’re going to buy it makes more sense to buy new, but that’s not always the case. The following reasons may lead you to want to buy a pre-owned ride:
Choose a higher-end car: Used generally costs less than brand-new, so you may be able to choose a higher-end brand or more amenities.
Depreciation has occurred: The bulk of depreciation typically occurs in the first couple of years, so buying a used car most likely means that this has already occurred.
Comprehensive inspections: Used cars are put through the ringer when they arrive at our dealership, so we can make sure every component is in great condition.
Special warranties: Used cars often come with unique warranties that you will be able to enjoy for miles down the road.
Finance a Used Car Today!
Interested in financing a used car? Then stop by the finance center at Grace Auto Group. We’ll discuss the best way to get you behind the wheel of the right car for your Morrisville, Bristol, and Levittown, Pennsylvania, drives.