In the market for a used car? While it might seem like you’re getting a deal buying used instead of new, prices for used cars have never been higher, and you’re still going to be paying those high dealer markups. Leasing a used vehicle is the answer! Read on to learn more about how leasing used, rather than buying, saves you money and gives you more car for your money.
Used Car Leasing Saves You Money
Most people don’t know that used car leasing is an affordable alternative to buying used. When you buy a used vehicle, you not only have to cover the already-high cost of a vehicle, but you also have to pay hefty dealer markups.
When you lease used, you’re only paying for the depreciation of the car as you use it. Since most of the depreciation has already occurred during the first couple of years of the vehicle’s life, there’s much less of a depreciation gap to cover when you lease used, making your monthly payments low. If you negotiate well and include repair coverage as a part of your used car lease, you also get coverage for major repairs, further reducing the overall amount you spend on your vehicle.
How Do You Lease a Used Car?
Securing a used car lease isn’t just affordable—it’s also very easy. It works much the same as new car leasing. You’ll research which vehicle is best for you, then negotiate with the dealer for the best possible terms. Here’s a breakdown of the used car leasing process:
Find the best ride for you: Once you’ve set a budget and determined which vehicle works best for your needs, it’s time to find a dealer who offers used car leasing. Most used car leasing dealers are franchise dealers, only offering used lease options on certified pre-owned (CPO) vehicles. Drivrz Financial helps you take the guesswork out of finding used car leasing dealers—we’ll connect you with a dealer in your area who offers this service.
Negotiate terms: After you’ve found a dealer who offers used car leasing and you’ve found the best car for your budget and needs; you can negotiate with the dealer for favorable terms. Make sure you’re getting the best deal for your money, including mileage limits.
Check the contract and sign: Once you’ve negotiated the best possible terms, look over the contract before you sign. Verify that mileage limits, fees, covered maintenance, and a purchase option are included in the contract. If everything looks good, sign the contract, and drive away in your new ride!
Get Your Dream Car Without Breaking Your Budget
When you lease used instead of buying used, you always get more car for your money. If you’re ready to get behind a new-to-you ride at the best possible price, contact the used car leasing financing experts at Drivrz Financial. Give us a call today at (800) 436-0476, and we’ll connect you to a used car leasing dealership near you!