Can You Lease a Used Car?

Can you lease a used car near Chicago? While the answer is technically yes, you may have trouble finding a used car leasing agreement at a dealership near you. While it is occasionally possible to find a certified pre-owned Volkswagen available for lease, many brands explicitly prohibit the practice. In most cases, there’s an easier way to get a great deal.

Are you interested in leasing a used model in our inventory? It’s best to contact our finance department and inquire about the possibility.

Used Car Leasing Facts

Although it’s hard to find a good used car leasing agreement, we understand why so many Orland Park and Countryside drivers wonder if it’s a possibility. Here’s what you should know about used car leases, if you do decide to keep looking:

  • You’ll pay less with used car leasing–in most cases.
      • As with any comparison between buying and leasing, it’s important to note that leasing a used car is usually less expensive than buying one.
      • Since insurance is based in part on the price of the car being insured, insuring your used car lease is less expensive than insuring your new car lease.
  • When can used car leases be more expensive? 
      • When you lease a new car, most repairs and maintenance visits will be covered under your new vehicle warranty.
      • Volkswagen offers a long-lasting and fully-transferable warranty, but most other manufacturers can’t say the same.
      • If you lease a used car that isn’t covered, you could end up paying for expensive repairs on a car that isn’t even yours!
  • Why is used car leasing so uncommon?
    • When a vehicle is returned at the end of the leasing period, the dealership’s objective will be to sell the car as soon as possible.
    • As used cars add more miles, they become harder to put up for resale. So, if you’re returning a used car at the end of your lease, they might have trouble finding a buyer.
    • For the same reason, a driver who leases a used car should have little trouble buying that car at the end of their contract, should they choose to do so.

Find a Great Deal at Mike Haggerty Volkswagen!

If you’ve been wondering, “Can you lease a used car?” there’s a good chance that it was the thought of lower monthly payments which led you here. Well, even if you can’t lease used, you can get a great deal on a pre-owned model at Mike Haggerty Volkswagen.

Check out our lineup of used cars priced under $10K, or explore our certified pre-owned specials to save on a like-new model. Better yet, check out the Mike Haggerty Zero Down Lease Offers! If you are interested in a new car, learn more about Volkswagen Sign & Drive.

Learn More with Mike Haggerty Volkswagen

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