How You Can Lease a Used Car During the 2022 Shortage

How You Can Lease a Used Car During the 2022 Shortage post
August 4, 2022 | Used Leasing

In case you haven’t noticed, car dealerships are looking a little empty these days. Thanks to a new vehicle shortage, when it comes to finding a new car to buy or lease, your options are sparse.

The shortage is set to last well into 2024 according to industry analysts, which means finding the right car for you can be more challenging than ever. Used car leasing is the answer, allowing you to secure a nearly new ride with all the features you want, at a great price. Here’s how you can lease a used car during the new car shortage of 2022—and beyond.

How to Lease a Used Car

With new car inventories at an all-time low, it’s tough to find a new car to buy, let alone lease. While you may have the misconception that leasing a used car limits the number of vehicles you have to choose from, it’s not necessarily bad news.

When you lease used, you’re getting a Certified Pre-Owned vehicle with less wear and tear and lower mileage than you’d find in other used cars. Essentially, you’re getting a gently used vehicle that has all the current features and safety upgrades that the latest models have. Here’s how to lease a used car:

  • Find the Vehicle You Want. The first step toward leasing a used vehicle is finding the car you want. Most used vehicles available for lease are just one, two, or three years old, which means they come equipped with all the features you need for a comfortable, safe, and connected ride. Drivrz Financial can help you find a dealer near you that offers used car leasing—reach out to our team today.
  • Secure Financing. Once you’ve found the right ride for you, you need to determine how you’ll finance your lease. Drivrz Financial makes it easy to secure financing by getting you the funds you need in as little as 48 hours. Once you’re approved and make your initial down payment, you’re ready to roll. It couldn’t be easier!

Benefits of Used Car Leasing

Used car leasing isn’t just a great option when new car inventories are low. Other benefits of leasing used include:

  • Lower Payments. Since most vehicle depreciation occurs right when a car is driven off the lot for the first time, you avoid paying for this depreciation with a used car lease. That means your payments are lower, as is your insurance premium.
  • Repair Coverage. Many used car leases include coverage for major repairs while you possess the vehicle. Ask your leasing professionals to include this stipulation in the lease agreement.
  • Flexibility. Want a new-to-you car every couple of years? It’s easy when you lease used. Once your lease is done, turn in your vehicle and exchange it for a newer model at a much better price than buying.

Drivrz Financial Wants to Help You Get Behind the Wheel of Your Dream Ride!

Ready to get behind the wheel of your dream car? Leasing a used vehicle is the best way to get a gorgeous new set of wheels, despite the current state of the auto industry. Drivrz Financial is here to help you secure your new-to-you ride. Our used car leasing financing professionals are standing by to help. Call us today at (800) 436-0476, and we’ll connect you with a used car leasing dealer near you!

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