i am curious if used cars can also be leased?
2006-10-13 05:36:02 · 5 answers · asked by nikki 2 in Cars & Transportation ➔ Other - Cars & Transportation
Yes used cars can be leased, but since there is significantly less depreciation on used cars, few places lease used vehicles. When you lease you're pay for depreciation only, so if you lease a new car and the dealership determines a depreciation of 15K over 3 years, that's what your leasing is based on. For a used cars that's 3 years old, they may depreciate only 8K in 3 years, so you've cut the dealer profit in half. Which of course is why they typically don't lease used vehicles.
Only way to know is to ask.
2006-10-13 05:40:42 · answer #1 · answered by hsueh010 7 · 0⤊ 0⤋
The advantage of leasing a car is that you get a brand spanking new one with a lower downpayment. anyway i guess its possible to lease a used one but why would you when you could lease a new one?
2006-10-13 12:39:33 · answer #2 · answered by MiaDiva28 6 · 0⤊ 0⤋
used cars can be leased too
2006-10-13 12:43:21 · answer #3 · answered by Snuz 4 · 0⤊ 0⤋
No, you can lease used cars, particularily luxury cars. But, why would you?
2006-10-13 12:48:04 · answer #4 · answered by nikonphotobug 3 · 0⤊ 0⤋
no.
Yes it can be leased.
2006-10-13 12:43:49 · answer #5 · answered by agent135 2 · 0⤊ 0⤋