With a leased car, the amount you pay monthly goes off the expected depreciation of the car , so obviously with a used car, it will be lowered because the vehicle loses value. Therefore you’ll pay less each month. However it also depends on which car you want, some cars will be more expensive than others so make sure you budget efficiently.
You might have to shop around to find a dealership that leases used cars because they’re far less common than leasing new cars. Start by identifying what type of car you’d like to lease and their price range, so that you can star comparing prices with different dealers. You can also lease used cars from leasing agencies. Its recommend to avoid dealerships that lease very old cars.
Cars might not be under warranty
If the car is older, the warranty might run out whilst you’re leasing it, you might be able to avoid costly repairs by leasing a certified pre-owned car that comes with some kind of warranty from the dealership.
You have to remember that you are leasing the car, so even at the end of all your payments you still don’t own the car. When you return your vehicle to the dealership at the end of the lease there may be a fee you have to pay due to damages to the car, so make sure it stays well maintained the whole way through you leasingit so that’s there’s no unnecessary fees you have to pay.
A used lease car might not be right for you
If you want a brand new vehicle with all the latest technology then used leasing cars probably aren’t for you, a new lease car might suite you better. However, if you want a save money a used lease car is probably worth it for you.