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Can you lease a certified pre-owned car?

Would I be allowed to lease a certified pre-owned car, or do I have to buy it outright? I can’t afford most of the pre-owned cars unless I lease instead of buying them, but I would love to get a cheaper car if possible.

avatar
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, you’re allowed to lease a certified pre-owned car at most dealerships! Typically, dealerships will offer cars that are less than four years old and have fewer than 48,000 miles on them for lease. If you have a specific car in mind, you should contact your dealer to discuss your options.
The leasing process
will be very similar to the process of leasing a new car. However, you should expect to see a higher money factor (or interest rate) for used car loans. This is because these vehicles are considered higher risk to lenders.
Even if your loan interest rates are high, your insurance rates don’t have to be. The
Jerry
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