Certified pre-owned cars are used cars, but not all used cars are certified pre-owned. To earn the distinction of “CPO,” a used car must meet the requirements set by the manufacturer. If you’re considering a certified pre-owned vehicle, you might be wondering, “can you lease a certified pre-owned car?” You can! You have the option to lease or buy a Ford Certified Pre-Owned vehicle. Below, you can learn more about how to lease or finance a Ford CPO and what you can expect along the way.
Whether you’re interested in buying or leasing a certified pre-owned vehicle, the process is similar to the process of buying or leasing a new car. The first step is determining which option is right for you:
Yes, you can absolutely finance a Ford CPO. Financing a CPO vehicle rather than leasing it means that you’ll go through a lender to obtain a loan that covers the entire car cost. Each month, you’ll make payments on the auto loan. Once the loan is paid off, you’ll have full ownership of the car and can do whatever you like with it. If you wish to customize your car, buying is likely a better option for you.
Again, yes, you can. When you lease a certified pre-owned car, you’re basically paying for the opportunity to drive it for a certain period of time. The lease term is listed on your lease contract. In addition, you’ll need to adhere to other leasing restrictions, such as customization restrictions and mileage limits. Your monthly payment will be determined by the MSRP, interest, and depreciation.
In general, certified pre-owned vehicles are more affordable than new cars, which means you’ll pay less each month. What’s more, because a CPO vehicle is a used car, you have some room to negotiate what you’ll pay. How much can you negotiate off a certified pre-owned car? The answer is quite a bit!
Now that you know the answer to the question, “can you lease a certified pre-owned car,” it’s time to start shopping for your Ford CPO vehicle at Metro Ford Sales Inc. If you have any additional questions, contact us online or call us at (518) 382-1017. To start the buying process, you can apply for financing by completing our online application.
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