When you’re looking for a used car, often you may find that you don’t want to put out a large sum of money in full for something that has been pre-loved by someone else.
Many times, you’re going to end up falling in love with a car that you can’t afford, but there are ways to get that luxury car you’ve always wanted without costing you a second mortgage on your home!
Used car leasing companies are starting to become an affordable and viable option that allows you to have a like-new vehicle at a price that makes sense for your budget. But how do you begin to navigate this relatively new concept in the world of buying, or rather, leasing a pre-owned vehicle?
Your friends at Drivrz Financial have put together this ultimate guide on how to lease a used car so that you can make an informed decision that allows you to get a vehicle you love.
So how do you lease a used car?
There are quite a few used car leasing companies out there who are helping car buyers find the right car for their needs and their wallet. The thing to keep in mind about pre-owned leased cars is that you’re limited to the types of vehicles you can choose from. But the good thing also about that is you’ll have a Certified Pre-Owned car from the company you’re leasing from.
The first thing you want to do is find a dealership or used car leasing company with the type of vehicle you’re looking for. For instance, at Drivrz Financial, we have a wide selection of cars, SUVs, crossovers, and more for you to choose from for your pre-owned lease car.
Once you’ve found the perfect car, it’s very similar to leasing a new car from a dealership. You will need to make a down payment and pay an acquisition fee to start your lease. And just like leasing a new car, you also need to have approved credit.
You’ll also be making monthly payments based on the difference between the purchase price and the vehicle’s estimated value at the end of your lease. In the same way, you would with leasing a new car, once your lease terms are up, you will need to turn in your pre-owned leased vehicle and pay any mileage penalties or turn-in fees associated with the terms.
No matter what type of vehicle you’re searching for, leasing a used car is a viable option to get a better and safer car than paying full price upfront for a used car. With Drivrz Financial, we have an extensive line-up of pre-owned lease cars available, and we’re here to help you find the vehicle of your dreams today!