Can You Lease A Used Car?

If you’re like a lot of drivers, you’ve pondered the advantages of leasing a car vs. buying used. But what about leasing a pre-owned vehicle? Can you lease a used car? Are there used car leasing companies in the Hood River area? Those are good questions. Let’s answer them.

Used Car Leasing – Is it possible?

Can you lease a used car? A lot of Goldendale, WA drivers have done just that. This sort of leasing is normally done through dealerships acting as used car leasing companies. That’s because most banks will not authorize a lease on a used car. Here are some things to keep in mind:

• 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.
• Depreciation is less of a factor than leasing a used car. And that depreciation is reflected in your down payment, or what you owe at the end of the lease.

Does Used Car Leasing Make Sense For You?

Can you lease a used car? Yes, but used car leasing may not be right for everyone. Here are some of them:

• Used cars can possibly incur more repairs than new cars.
• A used car is often not under warranty unless it is certified pre-owned.
• You will still want to compare the lease terms for a certified pre-owned vehicle with those for a new vehicle to make sure you’re getting a better deal.

Leasing a Car vs. Buying Used

Does it make more sense just to buy a used car? That depends. Here are some factors to consider:

Leasing a Car vs. Buying Used – Leasing Advantages

• Lower monthly payment
• Lower down payment
• Simpler trade-in process at end of lease
• Lease buyout options

Leasing a Car vs. Buying Used – Buying Advantages

• You own the car
• More financing options
• Less cost in the long term

Let the Finance Team at C. H. Urness Motors Co. of The Dalles Help

You don’t need to traipse all over the greater Portland area looking for used car leasing companies. The friendly finance team members at C. H. Urness Motors Co. are here to help. We make it easy for you to get behind the wheel of your next vehicle in The Dalles. You can even apply for financing online. So, drop by or contact us today! We have a large inventory of new and pre-owned vehicles that even includes used Jeep Compass SUVs.