Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Car Leasing and other Auto Loans topics.

Can I lease a used car?

Used Car Leasing

The used car lease is becoming more and more of a staple in the car financing industry. A used car lease can provide excellent value (assuming you lease a car that is known to hold its value, such as a Honda Accord or a BMW-3-series).

A lease payment is mainly for depreciation. A car depreciates most rapidly in its first year. This means that a used car lease should be less expensive than a new car lease. When considering a used car lease, look for cars that are no more than two years old (one year is better) and have low mileage. Also, keep the lease term to 36 months or less.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Auto Loans Tip Site? Request a Tip Now!

Guru Spotlight

Sheri Ann Richerson

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!