Can You Lease a Certified Pre-Owned Car?

If you’re looking for a high-quality new ride in the area without breaking the bank, consider going with a certified pre-owned vehicle from Kempthorn Motors! We’re proud to offer a wide variety of CPO vehicles that meet only the most stringent standards for age, mileage, and condition. A certified pre-owned vehicle is a good middle ground for drivers who want the luxury of a new car with the affordable price tag of something used. While they’ve had previous owners, they also undergo strict inspections to make sure they’re of the highest possible quality, and they’re backed by warranty coverage that can sometimes last up to 10 years! 

If this is your first time checking out a CPO vehicle, you may be asking yourself, “can you finance a certified pre-owned car? Can you lease a certified pre-owned car if you don’t want to commit to buying it?” The answer to both of these questions is yes! You can easily buy or lease any of our CPO vehicles depending on your driving needs and your financial situation. Our finance team has more information in the guide below. 

The Leasing & Financing Process

If you want to buy or lease a certified pre-owned vehicle from Kempthorn Motors, the process is the same as if you were shopping for a new car. The first thing you’ll want to do is decide whether buying or leasing is the best choice for you. Buying a car is a better choice for drivers who want complete control over their vehicle and plan to drive it for a long time, while leasing gives you the flexibility of upgrading to the latest model every few years and keeping maintenance costs down. 

When you lease one of our CPO vehicles, you essentially pay for the privilege of driving it for a set number of months–the exact number will be listed in your lease agreement. You’ll also have to stick to a number of important restrictions, such as mileage and customization, since the vehicle will likely have another leaser or owner after you. The amount you pay each month is determined by a few different factors, such as the vehicle’s MSRP, interest, and depreciation. Since CPO vehicles in general are more affordable than their brand-new counterparts, you’ll probably be paying less each month than if you were leasing a new car. We’re also open to negotiating if you feel like you deserve a better rate. So, how much can you negotiate off a certified pre-owned car? The answer is quite a bit!

Financing a vehicle instead of leasing it means that you’ll be working with a lender to give you a loan that covers the cost of the CPO vehicle, which you’ll pay off in monthly increments along with interest. It’s similar to a lease in the sense that you’re making monthly payments, but unlike a lease, you’ll own the vehicle outright once your term is up! You can finance a CPO or traditional used car just the same as you would with a new model.

Find Your Next Ride at Kempthorn Motors!

We’ve answered questions like, “can you finance a certified pre-owned car?” and “how much can you negotiate off a certified pre-owned car?” But if you have any further questions, feel free to contact our office! You can also stop by our dealership near to talk to a member of our finance team in person and we’ll be happy to help you out. If you’ve made up your mind and want to move forward with the financing process, you can get pre-approved right from our website!