The term ‘used car’ sometimes worries people and offers visions of a rust bucket with a hundred problems hidden underneath the bonnet. However, in terms of car leasing, ‘pre-owned’ is something that shouldn’t worry you and it actually offers a whole load of benefits instead.
What does pre-owned car leasing mean?
Pre-owned cars available for lease are often cars returned from a previous lease and put forward for a second lease. They also could be ex-fleet vehicles or rental used cars. Lease terms are usually quite short, as a result of the car’s age. This would normally be one, two or three years, and as the cars are effectively ‘used’ they will be cheaper to lease.
Modern cars are built to last, and so there should be no concerns about re-leasing a pre-owned car. Essentially, re-leasing these cars is cost-effective for the car leasing company, as it enables them to fully utilise their stock and be more efficient, to therefore offer value-for-money to you. Pre-owned car leasing is still something of a specialist area though, so you need to tread carefully and take good advice to get the best deal. Here we can offer you some helpful information.
Facts to consider when searching for pre-owned lease cars
- Most pre-owned lease cars will come with the remaining warranty on the car still valid. A car leasing company is also likely to extend this for you.
- Most car leasing companies will put pre-owned cars through a rigorous health check before re-leasing them, so you can be assured of its good condition and health.
- A car leasing company will hand-select the best pre-owned cars to ensure you get value-for-money.
- You should be offered the same flexible contract terms as for a brand new car lease, ie. with regards a deposit, contract length and mileage restrictions etc.
- Breakdown cover and road tax are usually included in the monthly payment, as with a new car.
- Maintenance deals will be built into the leasing agreement, so you don’t need to worry about a ‘used’ car requiring more work.
- Because pre-owned cars are already in stock, you might be able to drive the car away immediately.
- Insist on a warranty: this covers you for any unforeseen issues and gives you peace of mind. If you are not offered this, you have a right to be suspicious.
- Ensure maintenance, breakdown cover and road tax is included: this enables you to budget your finances knowing there is just one monthly payment required. It also means that your payment amount is fixed.
- Try and find the newest car possible: pre-owned cars will often be between two and three years old, but they can be as little as 12 months old, and therefore, still effectively showroom quality. Like any used car deal, you should try and find a vehicle with as low a mileage as possible, to maximise the chances of the car being in better condition.
- Service and maintenance: when agreeing the terms of the deal you should ask to see all service and maintenance records. This ensures you know the full service history of the car. There is no reason why a car leasing company should want to hide this information.
- Survey deals: you could also carry out a survey of car leasing deals on brand new versions of the same car, to see if the deal you are being offered is value-for-money. You can allow for the mileage, age and condition of the car and assess whether the reduced monthly payment is a fair reflection on that.
How to get the best pre-owned car leasing deal
Buying a used car can be a minefield, and while the area of pre-owned car leasing is much easier to navigate, there are some tips and tricks that you should apply to ensure you get the best deal possible from your car leasing company.
Take a look at our pre-owned leasing dealstoday.