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Can You Lease a Used Car?

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While it isn’t a common practice, it is possible to find some Denver area dealerships that will lease used cars. Generally the only used cars offered for lease are those that are part of a certified pre-owned program. That being said, Ford, Buick, Chevrolet, Cadillac, and GMC don’t offer used car leases. To find out about whether you can lease a used car, contact Planet Honda. We carry a wide assortment of HondaTrue Certified Pre-Owned vehicles for you to choose from.

Used Car Leasing Facts

Used car leasing offers Lakewood drivers low monthly payments and the freedom of that only a lease can provide. Some important faqs regarding used car leases include:

  • Which Used Cars Can Be Leased? – Most used car leases are only offered for certified pre-owned vehicles. Used lease prices are often not advertised, so it’s a good idea to contact Planet Honda to find out if it’s a possibility.
  • What the Difference Between a Used vs. New Car Lease? – Used car leasing will usually cost less a month than leasing a new car. That being so, you’ll still be able to enjoy many of the same benefits. Be aware that the vehicle will need to be returned after the lease term is up, and you’ll have mileage limits included in the lease agreement.
  • Can I Buy a Used Car After I Lease? – If a dealership offers used car leases, it’s safe to assume you’ll be able to purchase the car once the lease term is over. The vehicle will have a lower residual value than a new car lease buyout, so it’s a smart way to save some cash.
  • How Much is Insurance for a Leased Used Car? – Insurance costs are determined partly by the value of the car. It may be possible that your insurance payment will be less per month with a CPO lease.

Another thing to take into consideration is that maintenance costs tend to be higher on a used or certified pre-owned car, but that is often offset by the certified pre-owned warranty which covers many of the vehicle’s main components.

Learn More About Leasing at Planet Honda

Explore our used vehicle specials and current offers and incentives to find the best deals available. We also offer a fine selection of high quality used cars that are priced under $10,000. Whether you wish to buy or lease, want to explore your guaranteed car financing options, or find out about no credit car financing, the finance experts at Planet Honda are here to help.

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