Can you lease a used car in Lynn to access lower monthly auto payments? While most buyers do choose to finance their used car, leasing is possible for certain used vehicles. In the guide below, review your used car leasing options with Honda North before exploring our extensive pre-owned inventory.
Used car leasing is typically limited to certified pre-owned models, and further restrictions may require that the certified pre-owned vehicle be less than 4 years old or have less than 48,000 miles on the odometer.
Can you lease a used car of any make? Not all automakers offer used car lease contracts, but the majority do allow used car leasing for CPO models. According to the National Automobile Dealers Association (NADA), the following brands offer leasing for CPO vehicles: 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.
Can you lease a used car as easily as a new car? When it’s available, a used car lease follows the same procedure as a typical new car lease. Monthly payment amounts are based on the difference between the price you paid for the vehicle and its projected lease-end value. That’s great news for Burlington used car buyers, because vehicles depreciate the most in their first two years off the lot — so used models depreciate more slowly than new ones. The smaller difference between sale price and lease-end value results in lower monthly payments for use car leases.
At lease-end, simply return your leased CPO vehicle to our lot near Lawrence. Be sure you’re aware of any lease term restrictions, like mileage limits. Try our online payment calculator to get an instant estimate of your monthly auto payments.
Questions about the used car leasing process? The auto finance experts at Honda North are standing by to answer your questions. Contact us today to learn more about guaranteed financing, good interest rates, and more.
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