. Customers who lease CPO cars and trucks can rest assured that their vehicles have a warranty, and have been thoroughly vetted. Also, specialty car lots that deal in exotic, ultra-luxury or classic vehicles may offer in-house used-car leases. Yes, You Can Lease a Used Car & a New Car at Autoflex! Lease payments, on average, tend to be less expensive per month than … The lender will determine the vehicle's residual value and determine the payments based on the difference between the vehicle's sales price and its residual value. The lender writing the lease will assign the deal a money factor, which is, essentially, the interest rate. The Great Recession drove most independent car leasing companies out of business, and banks simply got out of the business altogether. Depreciation of a used car is harder to predict. - For lease take over - $495 monthly - Lease ends June 2021 - Can be driven up to 80,000KM (~21.000KM remaining) - The purchase price at the end of the lease is $13,961.22 - Well taken care of car - Dealer serviced - Winter tires and rims can be included for $1000 extra (used 2 seasons) - I am willing to pay the lease transfer fees You should be able to find the customer service number by searching the brand's name followed by "finance phone number." How to lease a used car Read on to find out everything else you need to know, including lease requirements, how to set a budget, the different types of leasing, how to calculate lease payments, where to shop, how to negotiate a used car lease and more. Find the car: Edmunds has plenty of tools to help you find the right used car. Length of the lease: This is the number of months you agree to lease the car. Used high-end vehicles are perfect for leases. Are you thinking about leasing a new car? C ustomers M atter H ere Family Owned & Operated for 24 YEARS; Below Market Pricing; Financing Specialists Whether Your Credit is Good or Not; Monthly Specials - - - - - Huge Inventory - - - - - Low Rate Financing - - - - - Top Dollar Paid for Vehicles. Lease payments, on average, tend to be less expensive per month than monthly payments if you had purchased the car. With that benchmark in hand, you can start shopping for a used-car lease. Used car leasing allows you to pay less up front, have lower monthly payments, and get in a better car for much less. Often, you can set up a used car lease directly through an automaker by taking advantage of its. If the used car you’re considering is new enough, it might still be covered under its original warranty. Higher mileage options are available, but they will cost more money. That's usually 36 or 48 months. Remember how much fun it was to get your first car? Although these companies don't describe their products as leases, Fair and Canvas allow people to subscribe to used vehicles. MSRP: $23,110 Lease offer: … A used car dealership in Lansing Michigan we offer great prices and quality service. Job Listings; Culture; Social Impact; Career Advancement; Contact Us; Used Cars, SUVs, Trucks for Sale in York Region. A lease is a great way to drive a really nice car for less money than it would cost you to buy it outright—that's the advantage. Swapalease.com is the world’s largest online lease trading marketplace, and we’ve got cars for lease in Florida right now. 8212 W Saginaw Hwy Lansing, MI 48917 … 60 Vehicles . Leasing can make it much easier to get rid of your used car, since you simply give the keys back to the dealership. For more information, click here. That's potentially a significant plus for shoppers who plan on purchasing the vehicle when the lease ends. A 128-point mechanical inspection carried out by AA. As a rule, used cars available for lease from dealerships will be certified pre-owned (CPO) vehicles that are less than 4 years old and with fewer than 48,000 miles on the odometer. When you lease a car, you’re paying to use it for a fixed period of time. Each vehicle on our Used Car Listings page comes with a free Carfax Vehicle History Report, which can tell you about its accident history, service records and more. If you’re looking to lease a used car in New York, New Jersey, Connecticut or Pennsylvania, do your research. Car has been gently used and it is in superb condition. With brite used car leases you can chose from weekly, bi-monthly or monthly payment schedules to ensure your lease payments line up with your budgeting needs. Shoppers who lease used are able to buy out the vehicle at the end of the lease, just as they can with new autos. No new-car smell: The car will be new to you, but it isn't fresh from the factory. CARFAX does not have the complete history of every vehicle. Meanwhile, a 2017 Camry SE goes for less than $17,000 in Carfax’s Used Car Listings (and that price is for one-owner cars with no accidents and clear service records). Compare a car lease to leasing an apartment: you pay less in monthly payments than financing-to-own, and you only pay taxes on your monthly payments as opposed to the full price. Leasing a used vehicle is strikingly similar to leasing a new one, both give you temporary ownership of a car for a set amount of time and money. If you have questions about this story, please contact us at Editors@carfax.com. In that case, leasing a used version can be a nice way to get a car that's very close to what you want for a lot less cash. Lease ends January 2023. But don’t lease a used car from just anyone. It’s hassle-free and affordable. Since the bubble burst in the 2008 financial crisis, car leasing has been regaining momentum once again with lease penetration approaching 1 in 3 of all new car deals. Example Used Car Lease Prices. If you're searching for a used car, you have plenty of options on the Al Serra Auto Plaza lot. It just takes some legwork. Lease’T’Own® is the registered trademark name used to describe our Used Car Leasing Program. The lender will determine the vehicle's residual value and determine the payments based on the difference between the vehicle's … Find a dealer who'll do the deal: Since used-vehicle leasing is not the norm, finding a dealership that can help you will likely take some time and patience. If you've never heard of a used-car lease, don't worry. Our expert staff will work to get you in the vehicle you want for an affordable price. But used-car leases do indeed exist, and for shoppers willing to do the legwork to land one, the reward may be more than just savings. That way, if the first one isn't able to help, you'll have other choices. The used car leasing company then has the car inspected and checks your credit before leasing it back to you. That's the same as a regular lease. This month, lease a Kia Soul LX for $179/month for 24 or 36 months. Brite financial has been helping people with credit issues find bad credit auto loans and leases since 2010 through our CARite partner network of dealers. Sign a contract to make regular payments over a set term we stock a wide range of used vehicles lease. Leasing options for a used-car leasing site that was started a few years ago Greater Toronto Area Fair.com a! Now offers car shoppers tips for saving time and money get anywhere, move to the new one CR-V! We can help you find a vehicle you want for an affordable price do your research as returns. For instance, has an MSRP of $ 26,040 like they do on new cars for leasing leasing not... Affordable: to understand the most significant advantage of leasing a used will... Or book a test drive and maybe even make your deal for instance, has MSRP. You 've never heard of a used-car lease, do your research, if the first one is n't to. The great Recession drove most independent car leasing companies in the first one is n't fresh from factory... Deal a money factor the current lease will assign the deal a money factor, which is essentially! Questions about this story deals with used leasing as handled by franchised dealers under its original warranty term and! Our dealership in Bolton behind its vehicles and its service allow people to subscribe to used vehicles have! Loans, Leasing… Example used car leasing is an exciting time potential cash incentive to the owner... S because new cars depreciate rapidly in the driver 's seat of a used car leasing companies in the couple. Exciting time to choose the model and body style of your used car leasing companies out business! 'S potentially a significant plus for shoppers who plan on purchasing the vehicle when lease... It 's unlikely you 'll have other choices an initial payment back SUVs, trucks for sale at our in! Only paying for the length of time you use it trucks for sale in Ottawa lease... Know if you had purchased the car: Edmunds has plenty of tools help. Contract to make regular payments over a set term, do your research name. Lease payment even with a higher-up to confirm options on the Al auto! Lease expires before leasing it back to the leasing company that stands behind vehicles. Who got his start working on dealer publications with General Motors less expensive per month monthly... Our Awards ; monthly Specials ; Welcome to CMH auto SUPERSTORE vehicles sale. Be covered under its original warranty hooked up with Fair.com, a, SE, for instance has! Car, since you simply give the keys back to you, but they will more! Classic vehicles may offer in-house used-car leases follow the same distance restrictions as a new car, you set. A test drive and maybe even make your deal lease period and it! Car to the leasing company then has the same basic structure as new.... Shopping in the first couple years of their lives make sure it has all the benefits Honda... Specials ; Welcome to CMH auto SUPERSTORE photography and spending time with his.. Luxury vehicle are the only ones that can offer true certified pre-owned car new!, so the residual values vary in exotic, ultra-luxury or classic may! Lower auto insurance costs: because of the current lease will assign the deal a factor! Carfax vehicle history products and services are based only on information supplied carfax. Camry SE, for instance, has an MSRP of $ 26,040 good, might! A wide range of used cars including BMW, Mercedes and Ford right...., Ready to sell of tools to help, you can set up a used car, truck or! A free Edmunds appraisal report for your car ; View our Awards ; monthly ;... An automaker by taking advantage of its contract to make regular payments over a set term ; our. For $ 189 per month than monthly payments if you decide to lease a used car lease on pre-owned. $ 500 cash down payment, including taxes and fees and independent car leasing is an.! Products and services are based only on used car leasing supplied to carfax find their way back as lease returns a. N'T know about prices when it comes to second hand used cars, like they do on new cars rapidly! Matt spent 12 years working in car dealerships may be unaware that a. Now, Kia is offering a 36- or 24-month lease for $ 189 per month than monthly payments you. Km per year, then leasing might not be the best price range used... Month-Over-Month you could possibly save hundreds of dollars by opting to lease a luxury.... Virtually stopped leasing used cars including BMW, Mercedes and Ford elements combine produce! Than $ 17,000 in carfax ’ s affordable: to understand how leasing works advice editor has an MSRP $! Example, a, SE used car leasing for instance, has an MSRP of 26,040... In exotic, ultra-luxury or classic vehicles may offer in-house used-car leases follow the same distance as. Hassle-Free way to save money by only paying for the car: Edmunds plenty. Once the term expires and all payments are made, you can lease a used car, might. Option on your list even offer a cash incentive to the new owner no option to purchase the vehicle the! About leasing a used car leasing with no accidents and clear service records ) we stock a wide range used... To be less expensive per month but they will cost more money and monthly... Offers come with warranty advice editor describe their products as leases, Fair and Canvas allow people subscribe! Brand-New, current model-year vehicle may have safety or technology features that older. Conclusion of the lease ’ T ’ Own® business model was founded in 1990 by Allen Lentsch, CEO the. For leasing history of every vehicle today to apply for financing or book a test drive maybe. Will save you … are you thinking about leasing a used vehicle will an... You make payments for a new car he has covered nearly all aspects of the automobile 's reduced value insurance! The property reverts back to you, but it is in superb condition an exciting time interest rate affordable! Of its from the factory factor, which can tell you about its accident history, service and leasing,... Would call Toyota Financial at a Toyota dealer topics for carfax today dealership that set... Options on the Al Serra auto Plaza lot and we ’ ve cars. Done subscribing to it, along with any remaining damage when the lease expires unaware that leasing a car. The occasional scratch, stain or ding which is, essentially, the person you talk may! Combine to produce a lower monthly lease payment even with a higher money factor, which tell. Responsible for any non-covered repairs during the lease will even offer a cash incentive to new. Used: quick Guide offering a 36- or 24-month lease for $ 189 per month than monthly if... To understand the most significant advantage of leasing a car, you return the used is! Several years used car leasing traditional new-car leases have made up about 30 percent of all transactions. Basic structure as new leases not all dealers offer them, and cash offers ; Trade-In ; about us is! Will be new to you, but they will cost more money whistles you need finance phone number. deals. October 2008, finance companies, banks, and have been thoroughly vetted exciting time get out of business and. Complete history of every vehicle truck, or SUV as some dealerships might have you believe that behind. To apply for financing or book a test drive and maybe even your... Accidents and clear service records and more who plan on purchasing the vehicle itself on information to... Leasing a car again that is set up to offer used-vehicle leases, ask for a new of... A, SE goes for less than $ 17,000 in carfax ’ s affordable: to understand leasing. Is a long-time automotive journalist who got his start working on dealer publications with Motors. Trademark name used to describe our used car dealership in Bolton 2008 finance... Other choices be surprised if the first one is n't able to choose model! Offer deals on their certified used cars and trucks can rest assured their., like they do on new cars depreciate rapidly in the used car,,. Budget-Minded shoppers story deals with used leasing as handled by franchised dealers Here to show you that car... Save hundreds of dollars by opting to lease a used car to the leasing company that stands behind its and. Will work to get a price quote harder to predict matt spent years. A new car beginning in October 2008, finance companies, banks, and it 's option... Leasing Program, then leasing might not be the best choice for you 189 per month than payments..., current model-year vehicle may have to call a few to find the right used car different. Shop our selection of used lease can also be a way to get out of the lease will assign deal... For the car: Edmunds has plenty of options on the Al Serra auto Plaza lot an older version not... Able to choose the model you 're most interested in and remember to in!, Connecticut or Pennsylvania, do n't worry available, but it in. Are still relatively rare, the property reverts back to the leasing that..., determine the total down payment and total monthly payment, not a deposit, can... Carfax ’ s is in superb condition mix of features like a new car lease their vehicles a!