If you’ve looked at your options when it comes to acquiring your next car in the Eatonton and Monticello area, you already know that two ways to save money right now are choosing a pre-owned vehicle or leasing a new car. But what about used car leasing? If this sounds like two great options that should be combined, you’re right! While some guidelines for used car leasing include being limited to certified pre-owned Toyota vehicles, it’s still an affordable and easy option. Find out what you should know about used car leasing with Five Star Toyota of Milledgeville.
When you choose a certified pre-owned Toyota, you’ll be behind the wheel of a like-new model with a lower price than new. To receive this certification, a used Toyota must meet these criteria:
Leasing a certified pre-owned Toyota means you won’t forgo warranty coverage as you would with a regular used car.
While you will save money when you choose a used car over a new model, as leasing leads to lower monthly payments, you’ll find another wise economic reason for used car leasing. Since a used model—even a certified pre-owned Toyota—will depreciate less during the lease term than a new car. Since the monthly payments are determined by the difference between the sale price and the vehicle’s estimated value at the end of the lease, your monthly payments will be significantly lower with used car leasing. As long as you adhere to the wear and mileage restrictions that come with a lease, you could get a serious bargain for your Gray driving needs. If you opt for a lease buyout in which you outright buy your leased Toyota at the end of the lease term, your final price will be much less. Insurance rates for pre-owned vehicles also tend to be lower.
Want to learn more about used car leasing at Five Star Toyota of Milledgeville? Stop by or contact us, and we’ll answer your questions and dive deeper into the topic. If you think a used car lease is right for you, apply for financing with us to get the process started.
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