If you are looking for an affordable vehicle to elevate your daily drives around Lawrence and Trenton but you are not quite ready to invest in buying a car outright at the moment, you may be wondering about your options. Can you lease a used car? In many cases, the answer to this question is yes! If you are interested in a used BMW X3 M lease or you are wondering how much to lease a BMW X5 used model, do not hesitate to contact the team at Princeton BMW.
For most manufacturers, used car leasing is only offered for certified pre-owned vehicles. These late-model vehicles generally must meet mileage limits and undergo a rigorous inspection by a trained technician. They also come with unique perks. CPO models are usually only offered at franchised dealerships, so to lease a used car, you will need to shop with a franchised dealership like Princeton BMW.
According to the National Automobile Dealers Association (NADA), the list of manufacturers that offer CPO leasing includes 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.
Leasing a used vehicle and leasing a new car have several similarities. The monthly lease payment is determined by looking at the difference between the sale price of the vehicle and its estimated value at the end of the lease.
One big benefit of used car leasing is that used cars depreciate much slower than new cars. Because of this, the difference between the sale price and estimated lease-end value will be smaller. This, in turn, lowers the monthly payment. Leasing is quite convenient for most Trenton drivers. When the terms of the lease are complete, no matter if you lease a new or used car, you will bring your vehicle back to the dealership, and you can select a new one. Keep in mind that new and used car leasing also comes with mileage limits.
So, can you lease a used car? Yes! Princeton BMW would be delighted to discuss used car leasing more in-depth with you. No matter if you prefer a used BMW X3 M lease or you are wondering how much to lease a BMW X5 used model, we have you covered. Contact us today for more information, and be sure to check out our pre-owned vehicle specials.