Can You Lease a Used Car?

Used car leasing is often considered by Fairfield-area drivers who want to lock in the lowest monthly payment available, but can you lease a used car at Jaguar Darien Authorized Certified Pre-Owned and Service? Jaguar is one of many brands that make some used and certified pre-owned vehicles available to lease!

If you’re ready to start a used car lease of your own, note that the option may not always be listed online. Browse our inventory today, and call us at Call sales Phone Number(866) 217-4112 or chat online to find out how to bring home the pre-owned car of your dreams.

Used Car Leasing Facts

Many of the reasons that drivers choose to lease instead of buy apply equally well, whether you choose to search for a new or pre-owned model. However, there are some unique factors that you should keep in mind:

• New cars will usually remain under warranty for the entire time that they’re leased. This isn’t always true for leased used cars, but it may be true for a CPO model. Don’t get caught paying for repairs on a model you don’t even own–look for an extended warranty.
• Usually, you’ll have the option to buy out your vehicle at the end of the leasing contract. Just keep in mind that the buy-out price is likely to be determined at the time of signing.
• Leasing a used car can be a great way to save on insurance costs since the amount you’ll pay for coverage is lower with more affordable vehicles. Just make sure to abide by your leasing contract, or you’ll incur fees.

When is Used Car Leasing a Good Idea?

Is it cheaper to lease a used car? All other things being equal, the answer is usually yes. Since the total cost of a leasing agreement is usually determined by the difference between the car’s current value and its expected value at the end of the lease, used car leasing can be very affordable. That’s because a significant portion of any vehicle’s expected depreciation occurs within the first few years of its life–especially where luxury models are concerned.

However, it’s also worth noting that used cars are more likely to require maintenance or repairs than new models. That could lead to more unexpected costs over your next few years on the road.

Although it’s certainly possible–and often advisable–to search for used car leasing options, it isn’t going to be the best fit for every driver. Certified pre-owned vehicles are more likely than other used vehicles to be offered with the option to lease, and the former is often much more expensive than the latter. That means buying one of our used cars priced under $10K might be a lot cheaper than choosing to lease another pre-owned car.

Used Car Leasing vs. New Car Leasing

You’ve already seen that leasing a used car can help you secure a lower monthly payment, but there are other important considerations that every lessee should keep in mind. Here’s what you should know:

• We always offer Jaguar lease deals on new models. While not unheard of, used car leasing specials are less common. As a result, you might actually be able to secure a better price with a new model!
• As we alluded to above, used cars may require more maintenance than new models. If the vehicle that you’re planning to lease has seen better days, it might actually be safer and smarter to stick with a new model.
• New models are likely to retain warranty coverage—and perhaps even roadside assistance benefits—for the entire duration of your lease. For some drivers, these benefits are simply worth paying more for.

Take the Next Steps with Our Team

Interested in shopping at Jaguar Darien Authorized Certified Pre-Owned and Service? We’re just a short drive from Westport or Stamford, and we’ve made it easy to explore our virtual showroom from the comfort of your home. Interested in other car-buying tips? We’ve got you covered there, too—and you can always reach out at  Call sales Phone Number(866) 217-4112 with any questions!