Looking for a new ride in the Ames area without breaking the bank? DeYarman Automotive Group has got you covered! In addition to our lineup of new vehicles from Chrysler, Jeep, Chevy, and more, we also have a full inventory of high-quality used and certified pre-owned models. Whatever you may be looking for in terms of budget or driving needs, we’re confident we can match you with an exceptional pre-owned vehicle! As you shop for your next ride, one of the first questions you should ask yourself is whether you want to buy (finance) or lease your vehicle. Some drivers come to us asking: can you lease a used car? Is the process of used car leasing different from leasing a new vehicle? Fortunately, leasing a used car is a relatively straightforward process, and the finance team at DeYarman Automotive Group has everything you need to know! Check out the guide below for details, and feel free to contact us with any questions.
The answer to the question of “can you lease a used car,” is yes – usually. While you can’t always lease a “standard” used car, nearly all manufacturers allow you to lease certified pre-owned (CPO) models. There are a lot of advantages to choosing a CPO vehicle rather than a standard used car, since they have to adhere to strict guidelines for mileage, quality, and craftsmanship. For example, many CPO vehicles have to be less than four model years old and have less than 48,000 miles on their odometer. They also undergo rigorous inspections to make sure everything is working in the best condition possible, and they’re protected by manufacturer warranties. Currently, manufacturers that offer used car leasing include Acura, Audi, BMW, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.
If you’ve never leased a used vehicle before, don’t worry – the process is exactly the same as leasing a new model! You’ll make monthly payments for a set length of time, that take into account the difference between the sale price and the estimated value of the vehicle at the end of the leasing term. When the leasing term is up, you can either renew for a new leasing term, buy the vehicle, or return it to the dealership. The advantage of leasing a used vehicle over a new model is that your monthly payments will be less, since both the starting price and rate of depreciation are lower.
If you have any questions about buying or leasing your next ride with DeYarman Automotive Group, feel free to contact our office! You can also stop by our dealership to talk to a member of our team in person – we’re conveniently located near Indianola and Des Moines. For more ways to save on your next vehicle, consider trading in your current model.
