Leasing a used car can sometimes end up being a better deal than leasing a new one but it does have its own risks involved. There are a few things that you should check before getting into a used car lease that could save you time, money and a huge headache.
Remaining Warranty
One thing to check before leasing a used vehicle is to make sure that the lease will be covered under warranty for the entire duration of your entire lease. Most new cars come with either a 36 month/36,000 miles warranty or a 48 month/50,000 mile warranty. If you are leasing a 2 year old car that only came with a 3 year warranty, you will only have 1 year left of warranty for your lease. This could add up to huge bill if something were to go wrong with the vehicle while you are leasing it.
Previous Owner
Every used car is different because every used car had a different driver. Even if the car appears to be in good condition, if the previous owner drove the vehicle very aggressively, you could end up with a used lease that is constantly in the shop.
Higher Maintenance Costs
As a vehicle gets older and has more mileage put on it, it will require bigger services that need to be performed on it. Instead of having a vehicle that only needs to have the oil changed and the tires rotated, you might have a lease that requires you to change the transmission fluid, brake fluid cabin filter and other complex and expensive services. Ask your dealer if there's a scheduled maintenance plan, or if you will be paying out of pocket for all of these expenses.
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