Can You Lease a Used Car?

2020 Chevrolet Silverado 1500

 

If you’re looking for an upgrade to your Lawrenceville commute, it’s worth considering a used car, especially if you’re on a tight budget. But, can you lease a used car? Oftentimes, yes! Used car leasing is a great way to upgrade your Duluth ride on a budget, especially if you aren’t ready to invest in buying or financing a vehicle. So, let’s take a look at used car leasing in more detail with Rick Hendrick Chevrolet Duluth. For more information, feel free to contact us anytime!

 

 

Facts About Used Car Leasing

In most cases, used car leasing is offered on certified pre-owned vehicles that are less than 4 years old with 48,000 miles or less on the odometer, though these qualifications can vary based on the auto maker. So, in order to take advantage of used car leasing, you would need to visit one of the dealerships around Suwanee, as only franchised dealerships offer leases on used vehicles.

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.

Wondering why Chevrolet isn’t included in that list? It was only as recently as 2016 that General Motors started offering CPO leasing of its brands, including Chevrolet, GMC, Buick, and Cadillac.

How Does Used Car Leasing Work?

Used car leasing is quite similar to leasing a brand new vehicle, as the monthly payment is determined by the estimated value at the end of the lease. However, one of the main advantages of leasing a used car is that they depreciate slower than new cars, therefore, you will have a lower monthly payment.

Also similar to leasing a brand new car, you would just return the CPO lease to the Duluth dealership when the contract is finished. You will also have to stay within a certain mileage limit for each year of the lease.

Advantages of Used Car Leasing

  • Monthly Payment Amount: Due to slower depreciation, used car leasing provides lower monthly payments as compared to leasing a new car.
  • Potential for Lease Buyout: Because the estimated value is lower for a used car, it would be more attainable to purchase the vehicle at the end of the lease.
  • Lower Insurance Rates: Because insurance rates are partially based on the value of the vehicle, you can take advantage of lower insurance costs with a CPO vehicle.

Learn More About Used Car Leasing at Rick Hendrick Chevrolet Duluth!

Now that you know more about used car leasing, come check out our CPO inventory at Rick Hendrick Chevrolet Duluth! Meet with our finance center to discuss leasing options, and be sure to take advantage of our used car specials to save near Johns Creek!

 

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*2024 Tahoe & 2024 Suburban 0% APR for 60 months. Monthly payment is $16.67 for every $1,000 you finance. Example down payment: 10.6%. Must finance with GM Financial. Some customers may not qualify. Not available with lease and some other offers. Take new retail delivery 6/30/2025..**Savings include all dealer discounts, conditional OEM incentives, and non conditional OEM stackable incentives. Savings vary by model and stock number. Not available with lease and some other offers. Not available with lease and some other offers. Take new retail delivery by 6/30/2025.***Well-qualified customers who purchase a new, used, or certified pre-owned vehicle, 4 model years or newer with less than 60K miles between June 1 2025 and July 31, 2025, and finance through a participating dealer and lender have the option to defer monthly payments for 90 days from contract date. Finance charges begin to accrue on the date you sign the Retail Installment Sale Contract at the Annual Percentage Rate (APR) disclosed in the contract. May not be combined with other preferred lender financing offers. 72 months maximum term limit. Equal monthly payments only. Not available to Pennsylvania residents; see your dealer for details. Must take retail delivery by July 31, 2025. See dealer for complete down payment and interest rate options and details.

*2025 Equinox EV | 2025 Blazer EV | 2025 Silverado EV 0% APR for 60 months for well-qualified buyers when financed w/GM Financial. Monthly payment is $16.67 for every $1,000 you finance. Example down payment: 19.5%. Must finance with GM Financial. Down payment required at signing, if applicable. Some customers may not qualify. Not available with lease and some other offers. Take new retail delivery by 6/30/2025.**To qualify for the GM Limited Time Special, you must: (1) be a current Costco Gold Star, Business, or Executive level Member by June 2, 2025; (2) register with Costco Auto Program online or through its call center by July 31, 2025, to receive a certificate with your unique promotion code; (3) present your certificate and unique promotion code to any Chevrolet dealer at time of visit; (4a) take delivery between June 3, 2025, and July 31, 2025, of a new 2024, 2025 Chevrolet Blazer EV, Equinox EV, or 2024, 2025, 2026 Chevrolet Silverado EV; (4b) take delivery between June 3, 2025, and July 31, 2025, of a new 2024, 2025 Chevrolet Colorado; (4c) take delivery between June 3, 2025, and July 31, 2025, of a new 2025 Chevrolet BrightDrop 400, BrightDrop 600 to receive a $2,750 Gold Star/Business Membership Costco member-only incentive or $3,000 Executive level Membership Costco member-only incentive. Incentive will be applied at time of eligible purchase or lease and is compatible with current eligible manufacturer incentives for which you qualify. Incentive is subject to change due to vehicle inventory availability. Visit CostcoAuto.com/GM for full details. Costco and its affiliates do not sell automobiles or negotiate individual transactions.***For Current Lessees of a 2020 model year or newer GM or Non-GM passenger car or truck at least 30 days prior to the lease of a new GM vehicle through GM Financial. Customer remains responsible for current lease payments. Each dealer sets own price. $289/month for 24 months. Your payments may vary. Payments are for a 2025 CHEVROLET Equinox EV 2WD LT with an MSRP of $34,995. Based on due at signing amount of $2,399 (after all offers). 24 monthly payments total $6,936. Must show proof of lease. Option to purchase at lease end for an amount to be determined at lease signing. Lessor must approve lease. Lessee pays for maintenance, repair, excess wear and disposition fee of $395 or less at end of lease. No security deposit required. Payments may be higher in some states. Not available with other offers. Take new retail delivery by 6/30/2025.

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Rick Hendrick Chevrolet Duluth 33.96436, -84.12224.