Car leases. They have become drastically more popular in recent times. However, leasing isn’t necessarily the right solution for everyone. And, as part of this, the cost of leasing can be one of the more significant struggles. However, if this is something that’s left you feeling unsure, there’s some good news: you could lease a used car. But how can you lease a used car, and might this be a better option for your needs?

Is it Possible to Lease a Used Car?

When we think about leasing a vehicle, we generally think about new cars. However, this isn’t entirely the case. Indeed, it’s also possible to lease second-hand. This can potentially open up a wealth of opportunities. Of course, it is nevertheless important to note that not every leasing company will necessarily offer used options. As such, you may need to choose a different provider.

It is crucial to carry out a car history check before purchasing a used car, whether it’s a lease vehicle or a cash purchase. This report will reveal important details about the car, such as whether it has an outstanding lease or any other type of finance. If it does, this means the vehicle belongs to the finance company, not the seller. To avoid such situations, it is recommended to conduct a history check.

Why Lease a Used Car Over Buying?

There are numerous reasons to lease used versus buying. Notably, these include the following points:

• Lower cost. The big reason to choose a leased car is for cost reasons. Indeed, leasing often comes at a lower price tag than buying on finance. As such, if finances are a concern, this may be well worth considering. What’s more, since used cars are of a lower value than new ones, the lease price on second hand will be lower still than regular new car leases.
• Regular new vehicles. A key perk of leasing over buying is that you have the chance to change out your car regularly. Indeed, it can be a lot of hassle to sell your old car before upgrading; in contrast, by leasing, you can simply trade out the vehicle for another one when you’re ready.
• Extra services. Did you know that many leasing companies offer additional services with their leasing plan? This can make leasing a valuable option for many people, providing plenty of perks overall.
• Flexible contracts. Many leased car companies offer a range of flexible contracts and options. As such, this can be valuable for those wanting to find their dream new car.

Where Can I Find a Leased Car?

If you think leasing a used car might work better for you, it’s worth asking: where can I get one? Well, leased car offers are available widely online. Thus, most people will search for a used lease car either via online leasing sites or comparison sites. In addition, there are also dedicated re-leasing companies that offer previously leased used cars at a lower rate. Finally, some traditional dealerships, such as Audi, sometimes offer used car leasing; it may be worth checking these out if you have a specific brand in mind.

In any case, before agreeing to a used car lease, it’s worth double checking your chosen car’s history. Indeed, as the lessee, you will generally be responsible for maintaining the car. As such, run the registration plate through a car checker to avoid taking on a vehicle with a history of frequent MOT repairs, etc. Fortunately, legitimate leasing companies should offer a vehicle that meets its own wear and tear requirements. Still, it’s always better to be safe than sorry!