Are you dreaming of the luxury of driving a high-end car but worried about the cost? Leasing a used car could be the perfect solution for you. It’s a way to enjoy the thrill of a luxury car without the hefty price tag. However, we understand that customers usually have many questions about this alternative car leasing method. For instance, you might have thought about whether it is possible to lease a used car. Or do dealerships offer this option? You may also be wondering about benefits about the advantages of leasing a used car over a new one. Don’t worry; we have got you covered. In this blog, we have tried to answer most of your questions about car leasing services and leasing used cars. Read on!
How Does Used Car Leasing Work?
It’s a rare find in the market, but a select few car leasing services and dealerships offer the unique opportunity to lease a used car if you’re searching for the best-used car leasing service in the USA and Canada. You must contact Car Concierge Pro’s team of experts. We provide minutely curated options for used car leasing and get you the best-negotiated deals.
As per the rule, dealerships that provide used car leasing options should have Certified Pre-owned (CPO) vehicles that are 2 or 4 years old and have traveled less than 48,000 miles on the odometer.
The process of leasing a used car is somewhat similar to regular leasing. However, the cost of leasing a used car can vary depending on the car’s residual value. The residual value is the car’s estimated worth at the end of the lease, and the lender determines it. Because not all vehicles depreciate at the same rate, so residual values can differ between car models. This means the payments you make during the lease can also vary depending on your chosen car.
We can use the below table as an infographic in the blog.
Check out the pros & cons of leasing a used car:-
Leasing of Used Cars with Car Concierge Pro Explained in 10 Simple Steps!
- Understand Client Requirements – First, the Car Concierge Pro (CCP) team thoroughly understands the client’s leasing needs. This process includes understanding the client’s budget and flexibility, preferred vehicle brand or type, desired features in the car, etc. Based on the requirements, the team will begin the tailored leasing process that suits your preferences.
- Market Research for Preferred Vehicles – When leasing a used car, the CCP team conducts thorough market research at different levels. This includes checking the availability of preferred vehicles, researching the Resale Value, comparing features of various cars in the same category, and many other things.
- Create a Curated List of CPO Cars – Our team strategically curates the list of Certified Pre-Owned (CPO) vehicles available for lease. By curating this list, we empower our clients to make informed decisions, choose a reliable car, and get the best deal.
- Outreach to Dealerships for Quotation – To help clients lease a used car, the CCP team contacts different dealerships to get the initial quotation. This helps in pricing comparison and informs clients about the competitive leasing offers. Having multiple options gives negotiation leverage and gives a better understanding of the terms and conditions.
- Negotiating Lease Prices on Client’s Behalf – Car Concierge Pro’s team of experts fiercely and strategically negotiates lease pricing to get you the best deal on the client’s behalf. This ultimately helps our clients save costs and optimize lease terms, among other factors.
- Negotiate the Lowest Money Factor – Our expert team negotiates the lowest money factor so our customers can rest assured that they are getting a competitive advantage with their leasing and that their monthly payments get reduced.
- Ensures 50% Residual Value for Lease – Our team ensures our clients’ financial future by providing their leased vehicles with a value of at least 50% when the lease term ends. This way, our clients can get a good return on their investment.
- Review Factors Associated with Lease Pricing – The Car Concierge Pro team comprehensively checks factors like Capitalised Cost, Interest Rate, Asset Value, Money Factor, Residual Value, and other factors associated with car leasing.
- Get the Final Lease Pricing in Writing -Our team secures the final lease pricing in writing for our clients and reviews contracts, buyer’s orders, and other documents. This upholds transparency, accountability, and client satisfaction throughout the leasing process.
- Make Hassle-free Purchase – Our team coordinates the purchase process between the client and dealership to make it a seamless and hassle-free experience.
Conclusion
Leasing a used car with Car Concierge Pro means a luxury car, savings, transparency, and a hassle-free experience. From negotiating the best deals to making a seamless purchase process, our team assists clients at every step. So why wait? Contact us and say hello to your car-driving dream.