PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can you lease a certified pre-owned car?
Would I be allowed to lease a certified pre-owned car, or do I have to buy it outright? I can’t afford most of the pre-owned cars unless I lease instead of buying them, but I would love to get a cheaper car if possible.
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Yes, you’re allowed to lease a certified pre-owned car at most dealerships! Typically, dealerships will offer cars that are less than four years old and have fewer than 48,000 miles on them for lease. If you have a specific car in mind, you should contact your dealer to discuss your options.
The leasing process
will be very similar to the process of leasing a new car. However, you should expect to see a higher money factor (or interest rate) for used car loans. This is because these vehicles are considered higher risk to lenders.Even if your loan interest rates are high, your insurance rates don’t have to be. The
Jerry
app makes it quick and easy to find the best rates available on the coverage you need. Download the app and answer some quick questions to see quotes customized for you.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies