By leasing a used vehicle, you can be a luxury model car or SUV at much lower monthly payments imposed as when you get to buy a new one. However, you must do your homework, get the best deal available.
When researching leasing costs, pay close attention to the initial market value and the estimated residual value of the used car you are considering. This value is more difficult for used vehicles than new ones to predict, because it knows no "sticker price" of a factory than on a used car. You can use a variety of sources to provide a rough estimate of the vehicle used to get value, however. These include local retailers and online-auto-evaluation tool, a quick search on the internet you will find a variety of these self-evaluation instruments, and most are free. You can also make a good estimate by comparison of the lease for a used car, a lease for a new car the same make and model. Used Car Leasing is best if at least salvage value has depreciated. You'll be a better bargain in the luxury segment of the automotive market, where the cars retain their value better to find.
Initial total vehicle mileage and condition should be noted, two other things about leasing a used car. With a used car, the maximum mileage should total no more than 12,000 miles per year. A car that is three years old with 50,000 miles a good leasing business. You should also check a vehicle for worn fabric on the seats, pedals or wearing a dirty engine. These are signs of excessive use and shows could roll back the odometer. If the used car market is not certified, it should be investigated.
You can ask the dealer for a certification program sponsored by the manufacturer or have it inspected by a qualified service technician or mechanic certified.
Most cars lease agreements contain no gap coverage. Gap coverage is a special type of insurance thatis usually on new-car leasing offers. It protects the consumer if the leased car is lost, damaged or stolen. Car insurance usually only on what the car is worth at the time of loss or damage and not what you might have still owe on the lease. This difference could total thousands of dollars. Therefore, you should not consider a used car lease that no gap coverage. This cover can be arranged separately, either with the leasing dealer or with your own car insurance.