Can You Lease a Used Car?

Used Car Leasing Facts

Although it’s hard to find a good used car leasing agreement, we understand why so many Orland Park and Countryside drivers wonder if it’s a possibility. Here’s what you should know about used car leases, if you do decide to keep looking:

You’ll pay less with used car leasing–in most cases.

• As with any comparison between buying and leasing, it’s important to note that leasing a used car is usually less expensive than buying one.
• Since insurance is based in part on the price of the car being insured, insuring your used car lease is less expensive than insuring your new car lease.

When can used car leases be more expensive?

• When you lease a new car, most repairs and maintenance visits will be covered under your new vehicle warranty.
• Volkswagen offers a long-lasting and fully-transferable warranty, but most other manufacturers can’t say the same.
• If you lease a used car that isn’t covered, you could end up paying for expensive repairs on a car that isn’t even yours!

Why is used car leasing so uncommon?

• When a vehicle is returned at the end of the leasing period, the dealership’s objective will be to sell the car as soon as possible.
• As used cars add more miles, they become harder to put up for resale. So, if you’re returning a used car at the end of your lease, they might have trouble finding a buyer.
• For the same reason, a driver who leases a used car should have little trouble buying that car at the end of their contract, should they choose to do so.

Find a Great Deal at Volkswagen Of Oak Lawn!

If you’ve been wondering, “Can you lease a used car?” there’s a good chance that it was the thought of lower monthly payments which led you here. Well, even if you can’t lease used, you can get a great deal on a pre-owned model at Volkswagen Of Oak Lawn.

Check out our lineup of used cars priced under $10K, or explore our certified pre-owned specials to save on a like-new model. Better yet, check out the Mike Haggerty Zero Down Lease Offers! If you are interested in a new car, learn more about Volkswagen Sign & Drive.