What are the advantages of leasing a used car instead of a new car?
The main advantage of leasing a used car instead of a new car is the same as the reason to buy a used car instead of a new car – affordability. As you will generally lease a car over a shorter period (usually the remainder of the term of the original lease) you will not be paying as much as you would for a longer term lease on a new vehicle. Payments will generally be lower too as the car’s value will have depreciated in the first year. However, does this make used car leasing a good deal? Certainly used car leasing can offer lower payments than financing a used car with a loan or leasing a new car. Despite this, leasing a new car often works out as a more cost effective proposition. This is because leasing companies negotiate the price of new vehicles and can generally secure much more cost effective terms. Promotional incentives, discounts and rebates can make a new car lease a better deal and cheaper than leasing a used car. Our suggestion is that you visit the car leasing company s
