Car Leasing a Used Car »

Car Leasing a Used Car

The logic of used car leasing is this: If leasing is based on the depreciation of a vehicle's value, then it should be less expensive to lease a used car that has already seen its most rapid depreciation during its first year. Used-car leasing can apply to any late model used car, regardless of where you obtain it: from a dealer, from the internet, or from an individual.Unlike new-car leasing which is typically straight forward, used-car leasing is tricky and may require a little more attention. A comprehensive research is advised to ensure that the car you are leasing will suit your needs. Much information is available in car magazines and car websites. There are numerous ads in print and online. It is best to compare car models, costs, frequency of repair records, safety tests, and so on. Watch the mileage of the car, this should have no more than average mileage for the age of the car. Also consider the repair costs since most used cars don't come with a warranty although there is an exception to this which is the "certified used car". Most importantly, you must make sure the old car you want will be worth your money. It is important to get hold of price quotations from as many sites as you can.

There are many available used cars for lease and choosing one may be complicated. You should start by knowing your budget and analyzing your needs and knowing the features you require. When you have an idea of the type of car you want to lease, you can start your search online for used car quotes.

Websites offering used car quotes may be direct sellers or referral services connected to a network of other car sellers. It is easy to get a quotation from these sites. You just have to click on a specific car type, make and model. You also have to categorize the year the car was produced and how many miles it has traveled. The site then gives you a quotation at once or emails you the answer to your request.

One of the best ways to evaluate the used-car leasing is to compare your used-car lease quote to a new-car lease quote for the same model.  New-car manufacturers' promotional incentives, rebates, and discounts can often temporarily make a new-car lease a better deal than the used one. So before deciding make sure you've made your comparison.

You have two alternatives to financing your lease. One is to accept the lease company used by the dealer from whom you acquire the vehicle or you can arrange your own lease financing.

What Our customers are saying

The lease rate I got by calling the dealer was $67 higher than the rate I got from Car Leasing Secrets. It’s all about the local competition. So happy with my Benz!
Cristoph Wiese
Athens, GA
This is probably the easiest way to get quotes and compare them. I got one from each dealer in my city. One of them was surprisingly low. The quotes are free. No worries there.
Kristen Fletcher
Albany, NY
What a great way to shop around! I wanted a Corolla. There’s only one Toyota dealership in my city but I got a quote for a Honda Civic and decided to go with that one because I got such a good offer.
Mark Dolan
Missoula, MT