Can You Lease a Used Car?

It can be tempting to upgrade your Halifax commute with a new Ford purchase. However, for that shopping on a modest budget, a used vehicle from MacPhee Ford can still be a fantastic choice. Not quite ready to outright purchase a car of our Dartmouth lot?

No need to worry! Although it’s not a well-known fact amongst Bedford area shoppers, you can lease a used car. Find out more about used car leasing with our Finance experts below!

How Does Leasing a Used Car Work?

So, if you can lease a used car, how exactly does the process work? Leasing a certified used vehicle works similarly to newer vehicle leases. To determine your monthly lease payment, you’ll want to subtract the estimated value of your car at the end of the lease from the original sale price of the vehicle.

Used car leasing is guaranteed to save you money, since used Fords depreciate more slowly than newer Fords on Sackville roads. Therefore, the difference between the sale price and estimated lease-end value will be smaller, and your monthly payments will be lowered. Keep in mind that you will need to return your CPO lease to MacPhee Ford at the end of your term. You’ll also want to take into consideration that there are mileage limits set on your car, truck, or SUV at the beginning of the lease term.

Why Lease a Used Car?

• Potential for Lease Buyout: The estimated value of a used vehicle will be lower at lease-end when compared to a new vehicle, which could make a lease buyout more affordable when you reach the end of your lease term.
• Monthly Payment Amount: As we noted above, you can lease a used car for a lower monthly amount than you would a new car.
• Swap Vehicles More Frequently: When you lease a used car, you’ll have the option to change up your vehicle much more frequently than if you bought a new car!

Pursue Used Car Leasing with MacPhee Ford

There’s no better place in the Dartmouth area to pursue a pre-owned vehicle lease than MacPhee Ford! So, if you’re ready to get the used car leasing process started, we encourage you to reach out to us for more information! We’re dedicated to providing you with the tips, tricks, and information you need to secure a quality-assured, slightly aged Ford at a price that won’t break the bank!