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Car Leasing FAQ

Is Leasing a Used Car Cheaper?

Is Leasing a Used Car Cheaper?

It can be — but not always.

Used vehicles depreciate more slowly than new cars, which can lower payments. However:

  • Money factors may be higher than new car promotional leases.

  • Lease terms are often shorter (24–36 months).

  • Incentives are less common than new vehicle lease specials.

In some cases, a subsidized new car lease may cost the same or less than a used car lease.

Things to Consider Before Leasing a Used Car

Warranty Coverage

CPO vehicles typically include extended warranty protection. Non-certified used vehicles may not, increasing repair risk.

Mileage Limits

Used leases include mileage caps similar to new leases. Exceeding limits results in per-mile penalties.

Maintenance & Wear

Older vehicles may show more wear, increasing the risk of end-of-lease charges.

Availability

Used lease programs vary by manufacturer and market conditions.