Table of Contents

Introduction

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.

Derek Koloditch

February 27, 2024.

I recently purchased a used 2017 Subaru Outback Limited via Car Concierge Pro. The experience was definitely a positive one overall. As someone who purchases a car once a decade or so, I simply do not trust dealerships. They have a variety of tactics to hide the truth about pricing and vehicle history to squeeze every penny from you. Services like Carvana and Carmax charge more for negotiation-free purchasing (shouldn't it be the other way around?) and up-sell you on warranties, Either way, you’re at a disadvantage. So I went looking for an alternative and ran across the concierge option. I chose Car Concierge Pro because pricing and payment are straightforward, and they're technologically more up to speed than their competitors. Everyone on the team assigned to me was very friendly, helpful, and accommodating. My experience was more of a collaborative effort with quite a bit of back and forth around searching, researching, and negotiating. The team was with me every step of the way, handling all the legwork or providing guidance and assistance as necessary. You can be as hand-off or hands-on as you like. If you want to handle searching yourself and let them handle negotiations, you can do that too. Here are some helpful learnings if you decide to go the same route. 1) Try to research models and narrow down what you're after ahead of time. Best model years, common failures, expected repair costs (Consumer Reports, CoPilot, and ChatGPT were very helpful), regional pricing trends (see Auto Tempest). This isn't a requirement, but I personally found it to be helpful. Doing so will help your team hit the ground running and alleviate some stress for you early on. Of course, they’re there to help you dial in on your preferences as well. And keep in mind things may evolve and shift as part of the process. As an example, I focused on the 2019 and later model of Subaru Crosstrek PHEV initially before realizing battery replacement would be a huge hidden expense for very limited range. I discussed this with my team and we pivoted accordingly. 2) Keep your eye on the details. Dealerships might say one thing and do another, or they'll inflate the numbers in one area (like optional packages) to give the illusion of a deal. They might even take favorable photos to hide flaws (like a cracked front bumper on one of the listings I picked). Your team will be very vigilant for these tactics, but it doesn't hurt to be redundant if you're inclined to. For obvious reasons, dealerships do not like dealing with concierges, so they might try and sneak things past them if they realize who they’re dealing with. Your team will reiterate this before closing the deal and signing any papers. 3) Use Lemon Squad for pre-purchase inspections. Ordering an inspection from their site is dead simple, especially compared to their competitors. You'll get photos, video, diagnostic scans, a test drive, and a report, which you can share with your team or knowledgeable friends / family for feedback and use to negotiate further. Better pricing might be available via a local mechanic, but for remote inspections, Lemon Squad is the way to go. As of this writing, pricing starts at $220. You probably don't want to pay for more than two inspections (the money adds up quickly, obviously), so use them once you're ready to commit to a vehicle assuming everything looks good. 4) Use a reasonable search area and adjust accordingly. The wider the search area, the better range of pricing and deals. One caveat is that shipping can get pricey and cut into your savings the further out you go. My suggestion is to stick within a 1000 mile range initially. If you find a good deal on the edge of that range, it might be cheaper to fly out to pick up the car and drive it back. A 16 hour drive is much more doable than a 26 hour drive. All in all, I’ll be going this route again in the future when the time comes. The options + savings are better and it alleviates a notable degree of stress from a generally unpleasant experience. And I can’t recommend Neel and his team enough.

Joseph Flint

February 21, 2024.

I had a very good experience with Car Concierge Pro. Shainit and the gang kept me informed every step of the way, found the car I was looking for and helped me sell my car. Everything was smooth and they were always accessible for questions, etc. Very glad for their firm and strongly recommend.

Jacob Palecki

February 5, 2024.

The team was very diligent and responsive, made the process very easy. Thank you!!

Kalp Parikh

January 23, 2024.

I used them for selling my car. They are amazing to work with right from beginning to end. I got a very nice deal for my car all thanks to the staff!

Daniel Brouder

December 10, 2023.

Shainit did a great job. Service was worth it. He found a car for me 100 miles away when multiple dealers told me there were no models available within 400 miles, and my only alternative was to order this model from factory, which would take a few months and the price was not guaranteed. Appreciate Shainit’s assistance. Thanks

Can You Lease a Used Car? Understanding How Used Car Leasing Works in 10 Simple Steps

Introduction

How Does Used Car Leasing Work?

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!

Conclusion

Neel Mehta

Bhavya Mehta

500+ clients served.
$2,500,000+ saved.

or Call Us at

+1 (480) 418-6390

Serving nationwide across United States and Canada

Our fiduciary responsibility is for our clients. We do not promote any specific cars and negotiate every deal with complete honesty and integrity. We keep clients' preferences at the forefront - cost savings and convenience.

Introduction

How Does Used Car Leasing Work?

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!

Conclusion

Neel Mehta

Bhavya Mehta

500+ clients served.$2,500,000+ saved.

or Call Us at

+1 (480) 418-6390

Our fiduciary responsibility is for our clients. We do not promote any specific cars and negotiate every deal with complete honesty and integrity. We keep clients' preferences at the forefront - cost savings and convenience.

500+ clients served.
$2,500,000+ saved.