Third Coast Auto Group Official Blog
Everything You Need to Know About Leasing Used Cars in Austin, TX!
By Product Expert | Posted in Local Post, Texas, Used Cars on Wednesday, June 26th, 2024 at 7:57 am
Can Used Cars Be Leased in Austin, Texas?
So, are you thinking about leasing used cars? Perfect choice! Leasing used cars can be smart, especially if you’re looking for affordability and flexibility. Third Coast Auto Group in Austin, TX, has got you covered with a range of affordable used vehicles. Let’s dive into the nitty-gritty of leasing used cars and why it might just be the best option for you. Keep reading for more details.
Can Used Cars Be Leased?
Yes, leasing used cars is totally possible! However, the options are more limited compared to leasing new ones. Here’s what you need to know about leasing used cars:
Availability of Used Car Leases
Not every dealer offers used car leases. However, used car leases are commonly found at franchise dealerships selling certified pre-owned (CPO) vehicles. These vehicles are typically under 4 years old and have under 48,000 miles, making them nearly new and ideal for leasing.
How Used Car Leases Work
Leasing used cars works similarly to leasing new ones. The dealer or lender determines the vehicle’s residual value and bases the monthly payments on the difference between the sales price and residual value. The good news? Leasing a used car can result in $40-$125 monthly payments lower than financing the exact vehicle. At the end of the lease, you can buy out the car at the residual value.
Are Oil Changes Included in Car Lease Agreements?
Pros and Cons of Leasing Used Cars
Leasing used cars comes with its own set of pros and cons. Let’s break it down:
Pros:
- Lower monthly payments compared to financing a used car.
- Maintenance may be covered under the lease agreement.
- No large down payment is required.
Cons:
- Limited availability of used car leases.
- Higher money factor (interest rate) than new car leases.
- Potential for higher maintenance costs on an older vehicle not covered by the lease.
- Mileage restrictions and fees for exceeding limits.
- Alternatives to Leasing Used Cars
- If leasing used cars isn’t quite your thing, there are other options to consider:
- Buying a used car outright or with a traditional auto loan.
- Taking over an existing lease through other services like Swapalease or Lease Trader.
What is a Good Mileage for a Used Car?
When considering leasing, knowing what is a good mileage is essential. Generally, a good mileage for used cars is under 50,000 miles. Low-mileage used cars often mean less wear and tear, which can be beneficial if you plan to lease. Third Coast Auto Group offers a range of low-mileage used cars that might catch your interest.
Finding the Best Used Cars
Looking for the best-used cars to buy? Third Coast Auto has you covered. Whether you’re interested in the best-used luxury cars, the most reliable used cars, or even used vehicles for off-road adventures, there’s something for everyone.
Popular Used Cars in Austin, TX: Expert Reviews and Buying Tips
Test Drive Used Cars in Austin, TX
Leasing used cars in Austin, TX, can be a great way to enjoy the benefits of a new vehicle without the hefty price tag. Third Coast Auto Group offers a variety of used cars for sale, from affordable used vehicles to the best-used cars to buy. Remember, while leasing used cars has perks, weighing the pros and cons and considering your needs and budget is essential. Schedule a test drive of your desired used vehicles with us today! Contact our sales team for further information on leasing and trade-ins.
