Can You Lease a Used Car?

Are you thinking about upgrading your vehicle in Minneapolis? If you’re looking for affordable options, considering a used Nissan in Maplewood or Certified Pre-Owned (CPO) vehicles could be a wise choice. But can you lease a used car? The answer is yes! While not as widely promoted as leasing new cars, many manufacturers provide this option. In this detailed guide, the financial specialists at Kline Nissan in Maplewood explore the details of used car leasing, offering valuable insights to help you make your decision.

Key Facts About Used Car Leasing

• Most manufacturers typically allow leasing for certified pre-owned vehicles, defined as cars less than four years old with fewer than 48,000 miles.
• If contemplating leasing a certified pre-owned vehicle, your search will likely lead you to franchised dealerships like those affiliated with Kline Nissan.
• Noteworthy manufacturers providing CPO leasing options, as highlighted by the National Automobile Dealers Association (NADA), include a wide array of reputable brands that include: include 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?

Your monthly lease payment is determined by the difference between the vehicle’s purchase price and its estimated value when the lease ends. This is good news for consumers in Hudson, WI because pre-owned cars depreciate more slowly than new ones. 

As a result, the gap between the purchase price and the projected value at the end of the lease is smaller, making monthly payments more affordable. Just like leasing a new car, you return the CPO lease to the dealership at the end of the term and must adhere to mileage limits.

Benefits of Leasing a Used Nissan in Maplewood

• Lower Monthly Payments: Leasing a pre-owned vehicle often means paying less each month compared to leasing a new car.
• Potential for Lease Buyout: When the lease term ends, the lower estimated value of a pre-owned vehicle can make buying out the lease more financially feasible.
• Reduced Insurance Costs: CPO leases might qualify for lower insurance premiums because insurance rates are based on the vehicle’s value.

Can You Lease a Used Car at Kline Nissan? Contact Us With Questions Today!

Do you still have questions about leasing a used Nissan in Maplewood? Our team stands ready to provide assistance in whether buying or leasing is the right path for you. Feel free to reach out to us for tailored guidance. Catering to the broader White Bear Lake area, our financial experts are dedicated to identifying the optimal car-buying solution tailored to your needs.