Used Car Leases: A Popular Option amongst Toronto GTA Drivers

By now you’ve likely heard about a used car lease, but you may or may not know what it’s all about. There aren’t too many differences between leasing a new car and leasing a used car. First, you contact the car dealer, like us here at Somerville National Leasing and Rentals Ltd. We have a wide selection of quality, pre-owned vehicles in stock for you to browse. The used car is typically put under a series of inspections to identify and rectify any potential issues. Remember, just because a car is used doesn’t mean it isn’t still in great shape! Once you’ve selected a car to suit your needs it’s time to talk about a payment plan. This process usually includes a credit check, proof of identity and confirmation of a valid driver’s license. After you’ve been approved (you can fill out our online pre-approval form to get started) then a contract is set up to determine the terms of payments, which includes how much you will pay for your used car lease and over what period of time. When the term expires, either one of two things will happen: either you’ll return the used car to the car dealership or the car dealership may give you the opportunity to then buy the car. If you are looking to save a few dollars, leasing a used car may be a great option. You’ll still have the benefit of driving a quality vehicle, but you won’t be paying as much as you would if you were looking to lease a new car. Browse our inventory online to get a sense of the quality of vehicles we have in stock, or make an appointment to meet with our sales team today.