Can You Lease a Used Car?

When it comes to picking out a car to lease, you may be wondering about your options. Our team at Watermark Ford of Marion is here to give you an overview of how to lease a used car near Marion, Herrin, and Carbondale, IL. As you read on, feel free to reach out to one of our associates with any further questions you may have about the leasing process.

Used Car Leasing Options

In general, used car leases are reserved for vehicles that have been thoroughly vetted, have passed a detailed vehicle inspection, and meet certain criteria, such as being less a certain number of years old and having low mileage.

Another option for leasing a used car is to take over another driver's lease for them. People looking for someone to take over their auto lease will often post information on websites that connect those looking to swap their lease.

Benefits of Leasing a Car

One reason people enjoy leasing cars is that they typically require a lower down payment and lower monthly payments than financing the same make and model. This can open more opportunities to drive a wider variety of models and higher trim levels for drivers who want to drive a brand-new car.

If you decide to lease a used car, you can usually expect to enjoy benefits like these, along with the flexibility of driving a particular model for about two to three years and the option to upgrade or buy it down the line. Depending on the used car you lease, you may enjoy similar features to that of a new one, with even lower payments.

Other Considerations for Leasing a Used Car

When leasing a used car, remember that it may not include warranty coverage like a new-car lease. Alternatively, the manufacturer's warranty may expire while you are still leasing the vehicle.

It's helpful to keep this in mind when making your decision because it could require you to cover service or maintenance costs. Considering this, if possible, you may want to add additional coverage like an extended warranty for greater peace of mind.

End-of-Lease Options

You can think of leasing a car as taking it for an extended test drive. It will give you the opportunity to get to know all the automotive features and experience its performance. The good news is that if you approach the end of your pre-owned vehicle lease term and want to make it officially your own, you can.

When your lease comes to an end, you will still have the option to buy or finance it. Based on your unique automotive goals and priorities, leasing a used car may be the right decision for you. It offers flexibility in the present moment, along with the option to finance or buy it in the future.

Learn More About Leasing a Used Car Today

We hope you found this overview of leasing a used car helpful and informative. To start your leasing journey, you can browse through our entire inventory online from the comfort of home. Contact us at Watermark Ford of Marion with any questions or to schedule a used car test drive around Marion, Herrin, and Carbondale, Illinois, today!