Used Car Leases

While used car leases are not very common these days, they can be a smart move in certain situations. Usually people lease new cars to keep the most current model vehicles while having the benefit of a car off the lot with a warranty and a low monthly payment. Leasing a used car is based on the same principles as leasing a new car. Used car leases are based on the amount of depreciation the vehicles had undergone since being new. As leases are based on paying for the depreciation of the car, a used car lease can be an affordable way to get a nice car at a much lower monthly payment than new, since most of the initial depreciation in value has already occurred.

For more information on used car leases, check out more of our helpful articles on used car leasing.