Can You Lease A Used Car?

Woman shaking mans hand over a car contract clipboard with car keys

Leasing a new car is always an option, but can you lease a used car in Corona? At many dealerships, the answer is yes. While not offered by all car manufacturers, many do allow used car leasing – and budget-minded shoppers can save a ton by opting for a pre-owned model. Find out everything you need to know about used car leasing with BMW of Murrieta, and start shopping today.

What is Used Car Leasing?

While you can lease a used car at some dealerships, generally speaking, you’ll only find certified pre-owned vehicles available. These vehicles have certain guarantees by the manufacturer, including low mileage and warranty coverage. So if you want to lease a used model, you’ll need to visit a franchised dealership like BMW of Murrieta. 

According to the National Automobile Dealers Association (NADA), the list of manufacturers which are said to offer CPO leasing includes 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.

How Does Used Car Leasing Work?

Leasing a used vehicle is similar to leasing a new vehicle. Your monthly payments will be determined by the difference between the sale price of the vehicle and its estimated value at lease-end. But because used cars depreciate slowly, this difference is much smaller than it would be for a new model. That means your payments in Riverside will be lower, and you can save a lot in the process. 

Keep in mind that you’ll still need to follow the general leasing practices. This includes adhering to mileage limits and maintenance requirements, as well as returning your CPO to the dealership at the end of the lease.

Benefits of a Used Car Lease

  • Monthly Payment Amount: Pre-owned vehicles are more affordable than a new car, and so your monthly payment will also be more affordable.
  • Potential for Lease Buyout: A lease buyout can be more affordable for a used car, because your used car’s estimated value will be lower at lease-end when compared to a new vehicle.
  • Lower Insurance Rates: Since your insurance costs are partially based on your car’s overall value, the lower price point of your CPO lease might save you extra money on your insurance costs.

Learn More with BMW of Murrieta

Can you lease a used car? Yes! But, should you lease a used car? Find out with a chat with our experts at BMW of Murrieta. You’ll find our dealership in Murrieta, near neighboring Ontario, so don’t hesitate to contact us with any questions about the leasing process. You can also check out our current lease and finance offers.

 

More from BMW of Murrieta

  • Your Guide to the 2022 BMW X3 Interior

      With a maximum towing capacity of 4,400 pounds, the 2022 BMW X3 is a great companion for weekend adventures near Corona. But when it comes to passenger comfort and cargo space for journeys near and far, how does the 2022 BMW X3 interior hold up? With up to 62.7 cubic feet of cargo storage…

  • 2022 BMW X1 Interior Overview

      The 2022 BMW X1 is the most compact SAV® in the BMW X Model lineup, meaning it provides agile handling and swift performance on the Corona streets. Considering its small stature, you may be wondering: Does the 2022 BMW X1 interior check all of your boxes when it comes to luxurious appointments and practical…

  • 2022 BMW X3 Towing Capacity

      The 2022 BMW X3 is a small SUV with expansive horizons. Whether you’re running an errand in Corona or gearing up for a camping trip, the BMW X3 is ready for anything at a moment’s notice. There are many features and performance specs that contribute to its adventure-ready nature, including the 4,400-pound BMW X3…