Can You Lease a Used Car?

Wondering if you can lease a used car in Minot? The answer is “Yes”. That having been said, used car leasing is far less common than new car leasing. What’s more, it’s almost always done with just certified pre-owned vehicles, which means it can be done almost exclusively at franchised branded dealerships, not used-only dealerships. To learn more, read more below or contact us at Ryan Family Dealerships today!

Used Car Leasing Facts

For the vast majority of automotive manufacturers, only certified pre-owned vehicles are eligible to be leased. Why is that? Because CPO vehicles are generally four years old or less, and have less than 48,000 miles on the odometer. 

Per the National Automobile Dealers Association (NADA), the list of manufacturers which are said to 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?

Leasing used vehicles is very similar to leasing new vehicles, where the difference between the sale price of the vehicle and its estimated value at the end of the lease determines the monthly lease payment amount.

Williston shoppers can benefit greatly from the above due to the depreciation difference between new vs. used cars. In essence, leasing used cars results in less depreciation and lower payments in the overwhelming majority of instances. Of course, any lease is subject to mileage restrictions and excess wear and tear fees. 

Benefits of a Used Car Lease

• Potential for Lease Buyout: The value of a used vehicle will inevitably be lower at lease-end when compared to a new vehicle, which could make a lease buyout more affordable when you reach the end of your lease. 
• Monthly Payment Amount: You can almost always lease a used car for a lower monthly fee than a new car.
• Lower Insurance Rates: Lower car insurance costs are another potential benefit to CPO leases.

Contact Us With Questions

Ready to learn more about used car leasing? The Ryan Family Dealerships are here to help! Give us a call at with questions. Meanwhile check out our other car finance tips to learn more.