Can You Lease a Certified Pre-Owned Car?

Certified pre-owned cars are used cars, but it’s important to keep in mind that not all used cars are certified pre-owned. At Camino Real Chevrolet we get a lot of questions like, “Can you lease a certified pre-owned car?” or “Can you finance a certified pre-owned car?” The answer is yes! Certified pre-owned vehicles follow strict requirements from manufacturers in order to get that label, and it’s easy to finance or lease a certified pre-owned vehicle when you shop with us. Learn more below as we go over how to lease or finance a CPO and what you can expect throughout the process.

The Leasing & Financing Process

Whether buying or leasing a certified pre-owned vehicle, the process is similar to buying or leasing a new vehicle. The first part of the process is deciding whether you’re looking to finance or lease your next CPO vehicle.

Can You Finance a Certified Pre-Owned Car? 

Yes, financing a CPO vehicle is just like financing a new or used vehicle. You’ll go through a lender to obtain your loan that covers the entire cost of the vehicle, and you’ll make payments each month on your car loan. Once this loan is paid off, you’ll have full ownership of your CPO vehicle. If you’re looking to customize your car, buying is most likely the option for you compared to leasing.

Can You Lease a Certified Pre-Owned Car? 

Yes! Just like financing, leasing a CPO vehicle is just as easy. Leasing involves paying for the time and opportunity to drive a vehicle until the term of the lease is up. There are generally restrictions placed on how many miles you can drive, and these agreements often exclude much customization on the vehicle. You’ll need to make sure that you comply with these agreements and restrictions until your lease is up. Montebello and Los Angeles drivers will find that their monthly payments are based on the vehicle’s MSRP, interest, and depreciation.

CPO vehicles are usually more affordable than outright new vehicles, so they can be a great option for Alhambra drivers. And with such strict requirements on what is CPO, it’s a great, safe choice. But how much can you negotiate off a certified pre-owned car? Usually, quite a bit!

Shop for a Ford Certified Pre-Owned for Sale at Camino Real Chevrolet!

Now that you have a better understanding of certified pre-owned vehicles and how to lease or buy them, come by for a test drive at Camino Real Chevrolet in Monterey Park today. Contact us online or call us at (323) 406-9104 to get the process started and have your questions answered!