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Can You Lease A Used Car?

car financing couple

If you’re like a lot of our Fort Collins customers, you’ve decided that leasing makes more sense for you than buying a car. But are you limited to new cars, if you want to lease? Can you lease aused car, and maybe get lower monthly payments? Is it worth it? Ourfinance department wants you to be fully informed so that you can make the best decisions around leasing your next vehicle. So, let’s talk about the ins and outs of used car leasing and whether it’s right for you.

Used Car Leasing – Can It Be Done?

Can you lease a used car? Used car leasing is possible, but there aren’t many banks, if any, in the Greeley area that will authorize a lease on a used car. However, you can often lease a used car from a dealer. Here are some things to keep in mind:

  • The lease will most likely be for acertified pre-owned vehicle.
  • Odds are that you will lower payments than if you were to lease a new car.
  • Depreciation is less of a factor when leasing a used car. And that depreciation is reflected in your down payment, or what you owe at the end of the lease.

Is Used Car Leasing Right For You?

Can you lease a used car? Yes, but whether or not used car leasing is a good idea for you depends on a number of factors. Here are some of them:

  • Used cars incur more repairs than new cars.
  • A used car is often not under warranty unless it is certified pre-owned.
  • You will still want to compare the lease terms for a certified pre-owned vehicle with those for a new vehicle to make sure you’re actually getting a better deal.

Explore Your Options With Tyrrell Auto Centers

If you’re still not sure if used car leasing is right for you, come in to Tyrrell Auto Centers and talk with our friendly finance managers. We make it easy for you to get behind the wheel of your next vehicle. You can evenapply for financing online to get ahead of the game. Our dealership is conveniently located near Laramie, but you can also browse our entire inventory from the comfort of your own home! So,contact us today to get the ball rolling on your automotive upgrade!


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