Yes, You Can Lease a Used Car

Yes, You Can Lease a Used Car

You’re probably saving up for something important and cannot afford to spend a lot on a new car right now. If you can relate to this, you’d be better off leasing a used car. There are several dealers that make this option available. Now that you seem convinced, below are a few benefits you’d take from a lease:

Easy Monthly Finance

Leasing a used car would mean committing to a low monthly payment. This would help you focus on other financial priorities considering how affordable a lease is. To help you understand this better, let’s understand how much you’d be paying toward a new car purchase and the lease contract. Having purchased a car, your monthly payments would amount to a minimum of $600 each month. A lease payment, on the other hand, would cost you just about a minimum of $350 depending on dealer to dealer.


It’s important to take into consideration the amount you drive. If you drive quite a lot, you may exceed the mileage amount allotted to the vehicle. When you exceed the mileage mark, you will be expected to pay for every extra mile consumed. Make sure to get a good deal from your vendor and bring down the cost on the extra miles. You will be in for a treat if you can find a dealer that cuts down the extra mileage cost to at least half the amount.

Little Paperwork

If you compare the hassles involved in buying a car to leasing one, you’ll be happy to know that leasing a vehicle is so much easier to work with. Right from helping you with the required paperwork to extending your contract and even helping you switch to another brand or model after having ended the earlier contract, the dealer will take you through the entire process. Additionally, if you would like, you can even consider working out all of these details online.

Lower Taxes to Pay

Leasing a used car would also mean paying little taxes. The only tax you will need to pay will be the tax processed against your monthly payment. Unlike a car purchase that would require the owner to pay a hefty tax on the entire value of the car, you would be paying just a little.

While there are a hundred elements you would be able to benefit from, take the time to choose the right dealer. It is important that you run a check on the service, either by reading through its reviews or by talking to people who may have invested in the company. Either way, take the time to understand what you’re getting into. Right from choosing the vehicle to signing the contract, it is vital that you consider speaking to several dealers before sticking to a particular one. The last thing you would want is to regret a bad decision made.