Can You Lease a Used Car?

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Are you interested in upgrading your vehicle to enhance your Nashua commute? If you’re shopping around with a specific budget in mind, used and certified pre-owned vehicles are excellent options to consider. If you’re not ready to commit to owning a used vehicle, used car leasing can be your best option. Can you lease a used car? Find out in this guide from Porsche Stratham! Explore our guide to leasing a car used, then take a look at our online inventory to find the vehicle that’s best suited for your driving needs and budget.

Used Car Leasing Facts

In most cases, manufacturers only let car shoppers lease a certified pre-owned vehicle. Generally, these CPO vehicles should be less than four model years old with less than 48,000 miles on the odometer. To lease a CPO vehicle, you have to visit a dealership like Porsche Stratham, as we’re a franchised dealership – and that’s where you can find certified pre-owned vehicles.

Which manufacturers offer CPO leasing? According to the National Automobile Dealers Association (NADA), the list 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.

How Does Used Car Leasing Work?

Leasing a used vehicle isn’t much different than opting for a new lease. The difference between the sale price of the car and its estimated value at lease-end determines the lease payments each month.

Portsmouth drivers who opt for a certified pre-owned vehicle can enjoy lots of benefits like the used vehicle depreciating more slowly than new cars. Like with leasing a new vehicle, when the lease ends, simply return your vehicle to the dealership! Leasing has never been easier than with our team at Porsche Stratham!

What are the Benefits of Used Car Leasing?

  • Monthly Payment Amount – With a used car lease, you can expect a lower monthly payment than with a new Porsche vehicle.
  • Potential for Lease Buyout – The estimated value of a used vehicle is lower at lease-end when compared to a new vehicle, which makes a lease buyout more affordable when your lease term ends.
  • Lower Insurance Rates – There’s an excellent chance you can get a lower car insurance rate with a CPO lease, as insurance costs are partially based on the car’s value.

Get Used Car Leasing Tips With Porsche Stratham!

We’ve answered, “Can you lease a used car?” Now, our team is standing by to help you find the used vehicle that’s right for you. Be sure to explore our used specials to get an excellent offer on your next ride. Have any questions in the meantime? Give us a call!

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