Can You Lease a Used Car?

Wiping Down Leather Seat

Are you ready to upgrade your Collinsville commute? If you’re shopping on a tight budget, used or CPO models offer great opportunities to save. If you’re attracted to the sticker price that comes with shopping used but you’re not quite ready to buy, you might ask, “Can you lease a used car?” Yes! You can lease a used car. Here at Auffenberg Nissan, we offer a generous selection of pre-owned models that are eligible for leasing. 

Typically, used car leasing is offered by manufacturers, but is less well known than new car leasing. In our guide below, we’ll discuss the pros and cons of used car leasing to help you decide if this is the right method for you. Read on below to learn more!

Used Car Leasing Information

Most auto manufacturers only offer CPO models for used car leasing. For Nissan, that means you’ll secure a vehicle with 80,000 miles or fewer and one that’s six model years old or newer. So, you can take on your commute from Fairview Heights to Granite City with peace of mind when you lease with Auffenberg Nissan. When leasing a used car, you’ll need to head to a franchised dealership to grab the keys of a CPO model. 

So, can you lease a used car with Nissan? According to the National Automobile Dealers Association (NADA), automakers that offer CPO leasing includes 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.

How Does Used Car Leasing Work?

If you’re familiar with leasing a new car, then used car leasing will feel quite familiar as they follow the same basic process. Take the difference between the end of the lease value and the sale price to determine your monthly payment for your lease. This is great news, as used cars have a slow rate of depreciation, meaning with a used car lease, your payments will be more affordable

At the end of the lease term, you’ll simply return to our Shiloh dealership with your vehicle. As long as the requirements of the contract were adhered to, you’ll be in and out in minutes at lease-end!

Benefits of a Used Car Lease

  • Monthly Payment Amount: As we discussed above, leasing a used car will bring incredibly affordable monthly payments. 
  • Potential for Lease Buyout: If you decide you’d like to keep the vehicle you’re leasing, you can discuss a lease buyout with our team.
  • Lower Insurance Rates: You may be able to secure more affordable insurance coverage when leasing a used car since vehicle value is a factor in the cost of insurance. 

Turn to Auffenberg Nissan to Learn More

Still curious about the process of leasing a used car? Contact us today to get the information you need to make an informed decision on your automotive upgrade. Our finance team is standing by to help you secure the keys to your dream ride. 


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