Can You Lease A Used Car?

Car Financing Paperwork


Leasing has become more and more popular in the Ft Lauderdale area lately. Customers like the convenience of turning a car in at the end of a lease as opposed to trying to sell it or trade it in. But are you limited to new cars, if you want to lease? Can you lease a used car, and maybe get lower monthly payments? Is it worth it? Brickell Honda wants you to be fully informed so that you can make the best decisions around leasing your next vehicle. So let’s talk about the ins and outs of used car leasing and whether it’s right for you.

Used Car Leasing – Why Some Do It

Very few banks in Miami Beach or anywhere else will authorize a lease on a used car anymore. You can lease a used car more easily from a dealer, and that will most likely be for a certified pre-owned vehicle. But if you do find a lender who will authorize it, odds are that you will lower payments than if you were to lease a new car. Also, depreciation is less of a factor when leasing a used car. The most drastic decline in a car’s value occurs in the first three years of a car’s life. And that depreciation is reflected in your down payment, or what you owe at the end of the lease. Depreciation on a used car is less drastic, so this will have less impact on your overall costs.

You Can Lease a Used Car, But Should You?

Can you lease a used car? Yes, but whether or not used car leasing is a good idea for you depends on a number of factors. Repairs are more common and maintenance costs are higher on used cars than new cars. If the used car is old enough, it may no longer be under warranty. Of course, if the car is a certified pre-owned vehicle, it will still have a warranty, and most maintenance costs are covered. However, you will still want to compare the lease terms for a certified pre-owned vehicle with those for a new vehicle – there may not be much of a difference in cost.

Let the Finance Staff at Brickell Honda Walk You Through Your Lease Options

If you’re still not sure if used car leasing is right for you, come in to Brickell Honda and talk with our friendly finance managers. They’ll be more than happy to help you sort out the details. While you’re here, learn about how the Brickell Advantage makes leasing even more affordable. You might as well check out our new vehicle specials, too. We’re conveniently located near Doral, so swing by or contact us today!

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690 SW 8th St • Miami, FL 33130

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Brickell Honda

690 SW 8th St Miami, FL

Phone: 877-735-0663

http://maps.google.com/?q=690%20SW%208th%20St%2C%20Miami%2C%20FL%2033130

Parts

Phone: 877-869-9195

690 SW 8th St Miami, FL

Sales

Phone: 877-735-0663

690 SW 8th St Miami, FL

Service

Phone: 877-869-9195

690 SW 8th St Miami, FL
25.765601 -80.205459
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Brickell Honda
Brickell Honda
690 SW 8th St
Miami, FL, 33130 US
877-735-0663
https://di-uploads-development.dealerinspire.com/brickellhonda/uploads/2019/06/BrickellHondaOGImage.png
Brickell Honda 25.765601, -80.205459.