Can You Lease a Used Car?

A lot of Mamaroneck drivers have crunched the numbers and have decided that leasing a car makes more sense for their specific circumstances than buying one. But, maybe you’re wondering if you could save even more money by leasing a used car instead of a new one. Can you lease a used car? It’s possible, but used car leasing does have its downsides. Our finance department wants you to be fully informed so that you can make the best decisions around leasing your next vehicle. So, let’s talk about whether leasing a used car is right for you.

Advantages of Used Car Leasing

Most Mamaroneck area dealerships will not lease a used car, due to the risk to the lender. But if you can find a used car for lease, here are the possible benefits:

• The lease will most likely be for a certified pre-owned vehicle.
• Odds are that you will have lower payments than if you were to lease a new car, but not always.
• Depreciation is less of a factor when leasing a used car. And that depreciation is reflected in your down payment, or what you owe at the end of the lease.

Disadvantages of Used Car Leasing

For most Harrison drivers, the question should not be can you lease a used car, but should you lease one? There are significant disadvantages to leasing a used car. Here are just a few:

• Used cars incur more repairs than new cars.
• A used car is often not under warranty unless it is certified pre-owned.
• You may not even get better terms on your used car lease than you would if you leased a new car. Be sure to read the lease agreement closely.

Lease a Great Car from BMW of Mamaroneckd

We offer some fantastic lease deals, but can you lease a used car at BMW of Mamaroneck? We limit our leasing to our wide selection of incredible new cars because leasing a new car is just more financially advantageous to both us and our customers. So talk to us about your lease options. If you’d like to learn more, check out our posts on how to lease a car with bad credit and whether it’s better to lease or buy. We’re just down the road from New Rochelle. So, drop by or contact us today!