Upfront Pricing
No Dealer Fees
Non-Commissioned Salespeople
Lower Taxes
We’ll Buy Your Car
3-Day Money-Back Guarantee
Upfront Pricing
No Dealer Fees
Non-Commissioned Salespeople
Lower Taxes
We’ll Buy Your Car
3-Day Money-Back Guarantee
If you are in search of a reliable and well-equipped vehicle, but you’re shopping with a tight budget in mind, you might be drawn to a pre-owned vehicle over a brand new model. However, what if you’re not quite ready to invest in buying a car right now? A common question we hear at Greenway Honda of Florence is, “Can you lease a used car?” The answer to this question is “Yes!” Used car leasing is offered by many manufacturers. Many Muscle Shoals drivers may not have heard about used car leasing because it is generally not advertised as much as new car leasing. If you have questions about used car leasing, the team at Greenway Honda of Florence has provided this helpful guide below.
According to the National Automobile Dealers Association (NADA), the following manufacturers are said to offer CPO leasing: 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.
While used car leasing is offered by many automakers, most manufacturers only allow the leasing of certified pre-owned vehicles. These gently-used cars are late-model vehicles with fewer miles on the odometer than typical used cars. If you are looking to lease a used car, you’ll need to visit a franchised dealership like Greenway Honda of Florence. In most cases, CPO vehicles are only available at franchised dealerships.
The process of used car leasing is very similar to new car leasing. The monthly lease payment is determined by taking a look at the difference between the sale price of the vehicle and its estimated value at lease-end.
This is why used car leasing is such an attractive option for Tuscumbia drivers. Used cars do not depreciate as rapidly as new cars. Because of this, the difference between the sale price and estimated lease-end value will be lower. This in turn leads to lower monthly payments with used car leasing.
As with new car leasing, you will need to return your vehicle to the dealership when the terms of your lease are complete. You will also have to stick to set mileage limits to avoid paying a penalty.
If you still have questions about used car leasing and whether this option is currently available at Greenway Honda of Florence, reach out to the team today. We would be happy to answer any questions you may have. We also invite you to take a look at our used vehicle specials for additional savings on our quality used cars.