Whether you’re looking for a family-friendly SUV or a budget-friendly compact car, leasing a used vehicle is the affordable alternative to buying outright or leasing new. After all, the price of new and used vehicles has never been higher, which means you’re still going to be paying high dealer markups. Leasing a used car, van, SUV, or any other vehicle is the affordable alternative. Here’s why you should lease used, and how Drivrz Financial makes the process simple and straightforward.
Why Used Car Leasing Saves You Money
Most people who are searching for a vehicle don’t even know that used car leasing is an option. This affordable alternative to buying used makes financial sense for a variety of reasons. When you lease used, your monthly payments cover the depreciation that occurs as you drive the vehicle. Since most of the depreciation has already occurred during the vehicle’s first couple of years on the road, your payments are significantly lower compared to financing or leasing new.
On top of that, you’ll be saving on insurance premiums. Nearly-new vehicles are much cheaper to insure than new ones. Plus, you can even negotiate maintenance coverage in the terms of your lease agreement—that means you’re never on the hook for unexpected, often expensive, repairs. There’s no better way to get a car with all the features you’re looking for, all without breaking your budget. So, how do you lease a used vehicle?
Leasing a Used Vehicle, Step-by-Step
Not only is leasing a used car affordable, but it also couldn’t be easier. Used car leases are structured very similarly to new leases—you secure financing, search for the right car for you, negotiate with the dealer, sign the contract, and drive off in a new-to-you ride.
Here’s a step-by-step guide to the process of leasing a used vehicle:
1. Find your ride. Set your budget (it’s best to spend around 10-15% of your total take-home pay on transportation expenses) and determine what vehicle is best for your needs. Then, reach out to the used car leasing financing experts at Drivrz Financial to find qualifying dealers near you who offer an affordable used car leasing program. Then, you can stop by the dealers and find the right ride for you.
2. Negotiate. Now that you’ve found your ideal vehicle, it’s time to negotiate. Discuss terms with your dealer, including the length of the lease, mileage limits, repair coverage, and more, so that you get the most for your money.
3. Sign and drive. After you and the dealer have settled on terms, check over the contract. If everything looks good, sign and drive off in your new set of wheels! All you need to cover is the first monthly payment upfront, and you’re ready to drive.
Enjoy All the Benefits of Used Car Leasing with Drivrz Financial
Ready to find a new-to-you car with all the features and upgrades you’re looking for? Used car leasing is affordable and practical, allowing you to drive off in a nicer vehicle than you thought you could afford. Reach out to the used car leasing experts at Drivrz Financial today at (800) 436-0476 to get connected to a qualified dealer near you.