Are you interested in upgrading your commute, but you’re not interested in a new vehicle? Well, a pre-owned or certified pre-owned vehicle could be a great option for your lifestyle in Westport. However, if you aren’t eager to invest in a car outright, then you may be wondering, “Can you lease a certified pre-owned car?”

Pre-owned car leasing is offered by many manufacturers, but it’s usually not heavily advertised and is limited to CPO leasing. In the guide below, Mercedes-Benz of Fairfield gets into the details regarding leasing a pre-owned car from Mercedes-Benz.

Leasing a Pre-Owned Car: Facts

Usually, manufacturers only allow certified pre-owned vehicles to be leased. Generally speaking (there is quite a bit of variation), CPO vehicles that are available for leasing must be less than 6 model years old and have less than 75,000 miles on their odometer. This usually means that if you want to lease a certified pre-owned vehicle, you’ll have to visit a franchised dealership like those that are a part of Mercedes-Benz of Fairfield. 

According to 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.

Lease Pre-Owned Cars: How Does it Work?

Leasing a certified pre-owned vehicle is a fairly similar process to leasing new vehicles. The difference between the sale price of the vehicle and its estimated value at lease-end will determine the monthly lease payment.

This is a great option for Norwalk shoppers because certified pre-owned cars depreciate more slowly than new cars, so the difference between the sale price and estimated lease-end value will be smaller, and thus, your monthly payments will be lower. You will also need to return your CPO lease to the dealership when your lease is up, just like with a new lease, and adhere to mileage limits. 

Lease Pre-Owned Cars: Benefits

There are plenty of benefits that we’ve mentioned, but specifically, leasing a pre-owned car provides you with: 

• Monthly Payment Amount: You can enjoy a lower monthly amount than you would with a new car. 
• Potential for Lease Buyout: The estimated value of a certified pre-owned vehicle will be lower at lease-end when compared to a new vehicle, this makes a lease buyout more affordable at the end of your lease term. 
• Lower Insurance Rates: You will likely get a lower car insurance rate with a CPO lease because insurance costs are partially based on the car’s value. 

Visit Mercedes-Benz of Fairfield to Lease a CPO Vehicle in Fairfield!

Weston drivers who still have questions regarding, “Can you lease a pre-owned car?” Or “Can you lease a certified pre-owned car?” can visit our team in Fairfield today! Not only can we show you what’s available, but we can also answer your questions. Our finance team is eager to help you find the best vehicle for you and your family! 

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