Can You Lease a Used Car?
Although leasing a used car isn’t common, some dealerships do offer leasing of a vehicle from the certified pre-owned program. Currently, the only brands that explicitly don’t offer used leases are Ford, Buick, Chevrolet, Cadillac, and GMC. Browse our inventory of certified pre-owned and pre-owned Mazda models, then contact our finance department to inquire about leasing a used model from us at Luther Mazda of Lee's Summit.
Used Car Leasing Facts
A used car lease is a smart choice if you’re looking for lower monthly payments and don’t take many long trips out of town. Aside from the mileage restraint, you’ll want to keep the following in mind when thinking about used car leasing:
- Which Used Cars Can Be Leased? – Most used car leases are only offered for certified pre-owned vehicles. Since this isn’t particularly common, the used lease prices may not be advertised. Be sure to contact us to learn more about the model you’re interested in.
- Used vs. New Car Lease – A used car lease will usually cost less than new car monthly lease payments, but offer many of the same benefits. Some perks including upgrading to a newer model once the lease is up, however you will need to return the vehicle when the lease ends and there will be mileage limits you’ll want to stay inside of.
- Can I Buy a Used Car After I Lease? – If a dealership offers used car leases, it’s a safe bet you’ll be able to purchase the car after the lease is up. That gives you a lower residual value than with a lease buyout on a newer model.
- Insurance for a Leased Used Car – Insurance costs are partly dictated by the value of the car. Itās possible that you could pay less per month for insurance with a CPO lease.
- Maintenance Costs – Another key factor to keep in mind would be maintenance costs. Maintenance costs tend to be higher on pre-owned models, however, they often come with extended warranties that will cover the bigger, more important components of service.
Learn More About Leasing with Luther Mazda of Lee's Summit
Learn more about our lease deals and incentives to find the right Mazda model for you and your Raytown commutes. Talk with someone from our finance department and they’ll help you find the model and lease that’s right for you. Contact Luther Mazda of Lee's Summit today with any questions about our models, Mazda3 accessories, and more.