Can you lease older cars

Deciding to lease a used car is a big decision but it can make vehicles you never thought possible, possible. When leasing a vehicle you are making a choice to make a payment until the end of the lease term. Your car payment will be a part of your budget until the lease ends. Most dealers, however, will allow lease extensions either on a month-to-month basis, or for a fixed term.

Some people simply continue to lease indefinitely. High-end car dealers often offer lease deals on used vehicles. Seek out your preferred make and model and ask if a lease is available on something that suits you. Many people do not realize leasing a used vehicle is an option, make sure to ask for it.

It is not as common to lease a standard used car. It still does not hurt to ask about possible options. Getting a used lease or getting rid of your current one has never been so easy. A few websites lay it all out for you and do most of the legwork. They all tout being the best but I will let you decide. The top online lease swap websites include:.

Taking over someone's lease can make a lot of sense. It can get you into a car you may not be able to afford to buy outright. It can be debatable whether or not a lease is a good idea in the long run, but it really is a personal choice. The ability to take over someone else's lease opens up new possibilities and makes it so you do not need to be under contract for such a long period of time like a traditional lease.

A car lease is negotiable just like buying a new car. If you are getting the vehicle from a dealership, do a little research on the vehicle you are purchasing. A useful website to estimate new and used car values is Kelley Blue Book. See if you can find the same make and model four years or five years older or better yet the length of your lease to see what its value is currently.

It will give you a good estimate of what your vehicle will be worth when your lease is over. Take the current value of the vehicle you want to lease minus what you think the value will be at the end of the lease. Divide that by the number of months of your lease and that should give you an idea of what the monthly payment ought to be.

Keep in mind, however, that the dealership pays the manufacturer for the vehicle and will include a finance charge to cover their cost of capital. The finance charge is typically not itemized and is factored into the lease payment. You should ask the dealer how much of the payment is made up by finance charges to see if you're truly getting a good deal.

Sellers often offer incentives for someone to take over their lease. Ask for the first or even the first and second payment to be paid for when you take the lease over. Often the seller wants out of the deal so badly they will gladly pay ahead. Warranties are always important. When signing the deal on a used car lease it is especially important.

Many things can go wrong mechanically with a vehicle and even though you do not own the vehicle outright you are still responsible for fixing any problems. Should you consider leasing a used car? But the amount of your monthly payment will depend on the particular car you want to lease and your lease terms. Because leasing a used car is far less common than leasing a new car, you may have to search a bit to find car dealerships that lease used vehicles.

Deciding which type of used car to lease comes down to your goal. Are you trying to lease a luxury car like a Lexus or Audi or something more standard, like a Honda Civic or Toyota Camry? And most will have fewer than 48, miles, according to Edmunds. You can also use leasing services, like SwapALease. Since the other person wants out, you might be able to negotiate enough concessions from the person transferring the lease to make it a better deal for you.

While you may be able to get a lease this way even if you have credit problems, you may have to make weekly or biweekly payments and cover high leasing charges — which can make these leases very costly.

In this case, you might be on the hook for any repairs that are necessary to keep the car in working order, not only to keep it running but also to avoid any wear-and-tear charges at the end of your lease. All Bodytypes. Browse Deals. Manual and automatic. All fueltypes. All doors. All engine sizes At least 1. New and used New only Used only. Used Car Deal. Special Offer Used Car Deal. View all ex-demo used cars. Apply Now!

Peace of mind. Used vehicles have to pass our point inspection. Stress-free motoring Experience total peace of mind when you sign up to Hippo Protect! Lifetime Warranty. Annual Servicing. Breakdown Cover. Learn more about our protect package. Drive eco-friendly. Customer stories. Like buying a car off a friend , not a salesperson.

Instant Decision. Frequently Asked Questions Help Desk. Can you lease a used car? Why do you offer used car lease deals? Is it cheaper to lease a used car? Do you need a deposit for a used lease car?