If you are interested in upgrading your Brick commute with a new vehicle, leasing could be a great option. However, Manahawkin-area shoppers looking for something more budget friendly will find a used or certified pre-owned to be excellent options for their lifestyle. If you aren’t quite ready to invest in buying a car outright at the moment, you may be wondering, “Can you lease a certified pre-owned car?” or “How much can you negotiate off a certified pre-owned car?” Used car leasing is offered by many manufacturers, but it is generally not advertised as much as new car leasing. In the guide below, Honda of Toms River covers everything you should know about leasing and financing a CPO vehicle.

Can You Lease a Certified Pre-Owned Car in Berkeley?

In general, you’ll find that manufacturers allow certified pre-owned vehicles to be leased, the rule being that the certified pre-owned vehicles available for leasing must be fewer than 4 model years old and have less than 48,000 miles on their odometer. This means that if you are looking to lease a certified used vehicle, it’s best to visit a franchised dealership like those that are a part of Honda of Toms River, as it’s only at franchised dealerships where you can find certified pre-owned vehicles. 

The National Automobile Dealers Association (NADA), lists 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.

How Much Can You Negotiate Off A Certified Pre-Owned Car?

So, can you finance a certified pre-owned car? And how much can you negotiate off a certified pre-owned car? The basics start with calculating the monthly payment by determining the difference between the sale price of the vehicle and its estimated value at lease-end. This is great for Manahawkin shoppers, because used cars depreciate more slowly than new cars. This means that the difference between the sale price and estimated lease-end value will be smaller and your monthly payments will be lower. Berkeley shoppers can even try their hand at haggling and get the price down even more.

Can You Finance a Certified Pre-Owned Car: Lease & Post-Lease Benefits

• Monthly Payment Amount: You can lease a used car for a lower monthly amount than you would a new car. 
• Potential for Lease Buyout: At the end of the lease term, the estimated value of a used vehicle will be lower when compared to a new vehicle, which could make a lease buyout more affordable and a great option for your end of lease term. 
• Lower Insurance Rates: A CPO lease usually equates to a lower car insurance rate, as insurance costs are partially based on the car’s value. 

Contact Us Or Visit Honda of Toms River With Questions

If you are still curious about leasing a certified pre-owned car or financing at the end of your lease term, contact us for more information on understanding the process. Our team is thrilled to help our Toms River-area customers get behind the wheel of the CPO vehicle that’s right for them!