Can You Lease a Used Car?

Used car leasing is often considered by Greenwich-area drivers who want to lock in the lowest monthly payment available, but can you lease a used car at Jaguar Darien? Jaguar is one of many brands that makes 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 (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?

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.

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 are 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.

Take the Next Steps with Our Team

Interested in shopping at Jaguar Darien? We’re just a short drive from New Canaan 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.