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Can You Lease a Used Car From BMW?

Lease Agreement
 

After comparing buying vs. leasing, some San Francisco drivers may wonder: Can you lease a used car? Although it isn’t marketed as heavily as new car leasing, used car leasing is often an option to consider. However, only some manufacturers offer used car leasing, so the answer really depends on what type of used vehicle you’re interested in. In the guide below, East Bay BMW provides more information on leasing a used vehicle, including: 

  • What brands offer used car leasing 
  • How used car leasing works
  • The benefits of used car leasing

Read on with us to discover if this could be a good option for you! 

What Brands Offer Used Car Leasing? 

Among the manufacturers that do allow their San Jose customers to lease a used car, many restrict the option to certified pre-owned vehicles only. This being the case, your dealership options are going to be limited to franchised retailers of the brand you’re interested in, as that’s where you will find certified pre-owned vehicles. (Used-only car dealers rarely have a certified inventory.) 

Per the National National Automobile Dealers Association (NADA), here is an up-to-date list of the manufacturers that currently claim to offer certified pre-owned lease plans: BMW, Acura, Audi, Chrysler, Dodge, Ferrari, FIAT, Honda, Hyundai, INFINITI, Jeep, Kia, Lexus, Lincoln, Mazda, Mercedes-Benz, MINI, Mitsubishi, Nissan, Porsche, RAM, Toyota, Volkswagen, and Volvo.

Is Leasing a CPO Vehicle Different From Leasing a New Vehicle?

Used car leasing isn’t entirely different from new car leasing. The monthly lease payment will be calculated using the difference between the sticker price of the vehicle and the predicted value at the end of the lease term, which is actually an advantage for used car lessees! Because used vehicles depreciate at a slower rate than new vehicles, the difference between the sale price and the lease-end value will be smaller, which means you can get a more affordable monthly payment amount. 

As with a new car lease, a CPO car lease will have mileage restrictions and you will be required to meet all of the required maintenance intervals. When the lease term is up, you simply bring the vehicle back to the dealership and settle any remaining fees. 

Used Car Leasing Benefits 

  • Affordable Payments: As we discussed, leasing a certified pre-owned vehicle will often come with the benefit of a lower monthly payment amount. 
  • Lease-End Buyout Options: The value of a CPO vehicle is lower than that of a new vehicle at the end of a lease, so if you’re interested in a lease-end buyout, you can pursue it for an unbeatable price.
  • Lower Insurance Premiums: Car insurance providers typically value used vehicles lower than new vehicles, which means the monthly rates are more affordable. Not only will you enjoy a lower monthly lease payment on a CPO vehicle, but you can save on insurance, too!

Can You Lease a Used Car at East Bay BMW? 

Dublin drivers who are interested in leasing a certified pre-owned BMW vehicle can explore their options at East Bay BMW. Contact us at your convenience to learn more about how pre-owned leasing works at our dealership. Our team works hard every day to help Bay Area drivers find a vehicle they love with a payment plan that suits them.

 

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