Should You Lease a Used Car?

lease

Can you lease a used car? Yes. Should you lease a used car? The short answer is a firm no. While the thought of paying less for a car and not being locked into a long-term contract might be appealing, here are some of the main reasons why leasing a pre-owned car is generally a bad idea.

To start with, most dealerships don’t offer leases on pre-owned vehicles anymore (one of the many casualties of the recession). The dealerships that do offer the service are few and far between, and often the selection of vehicles isn’t all that spectacular.

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