Used car leasing: what you should know!

Thomas Wachsmuth 5 October 2022 Tips, products, information & Co.

Reading time 4 Min.

If you can't or don't want to afford a new car, Leasing a good option. A Used car leasing can be particularly attractive, but there are also some downsides to consider. This article tells you everything you need to know about leasing a used car. Used car leasing is becoming increasingly popular! Anyone who wants to buy a car is increasingly faced with a longer waiting time for the vehicle. In this case, you have the option of leasing a used car instead. This is still relatively unusual, but the current situation – in particular the conflict in Ukraine and the halt in orders for new cars – play the subject Leasing of used cars into the cards.

War, inflation & Co. are current problems

Listed below are the advantages and disadvantages of used car leasing compared to new car leasing:

Benefits from used car leasing

The vehicles you want are available immediately.
There are often attractive offers.

In most cases, the equipment is of high quality and complete.
There are no costs for the transfer.

Disadvantages from used car leasing

Since the vehicle is used, there may be minor damage.

Maintenance and repair costs may be higher/earlier.
Most of the time there are no/hardly any guarantees on the vehicle.
Equipment cannot be chosen freely.

Benefits when leasing a new car

The equipment of the vehicle can be determined by yourself.
In most cases, you will receive a guarantee for the entire leasing period.
There is no damage to the vehicle.

Since it is a new car, the latest safety standards are in place.

Disadvantages when leasing a new car

Very high costs compared to used car leasing.
There are long delivery times because your vehicle is built to your specifications.

You may also have to bear the transfer costs.

Used car leasing is a good option for people who need a new car quickly. However, if you have more time and you want to determine the equipment of the car yourself, the new car can be the right choice. Depending on the situation and personal wishes, a used car can be an alternative. However, you should be careful with used diesel cars, as these are increasingly subject to driving bans due to the strict restrictions on diesel vehicles. When buying, make sure that the vehicle has a current Euro standard.

How does leasing a used car work?

It is important to know that the used cars available for used car leasing are not necessarily old cars. They are often highly modern vehicles with low mileage. For example, you can also Jahreswagen this includes. If you decide to lease a used car, the following criteria must be observed, just like with a new car:

You rent the vehicle for a contractually agreed term.
The vehicle continues to belong to the lessor.

There are monthly leasing rates, which are set in advance.
Deposits may not be available for used vehicles.
In some cases, full-service leasing can also be selected.

You should still make sure that when leasing discord a credit check is necessary, but this is not a problem in most cases due to the lower amount.

Lease used electric cars

Buying or leasing used electric cars has so far been the exception rather than the rule. In most cases, this is due to the fact that the battery cells in electric cars become weaker and weaker over the years. However, this is usually not the case with used cars, since most of them are year-old cars, which means they only have a few kilometers. The battery is still fully functional and is usually covered by the manufacturer's warranty period.

How useful is used car leasing?

If you want to save money and you do not necessarily need equipment that is individually tailored to your needs, then leasing the used car can be an alternative. The monthly installments are then usually lower than with new car leasing and the waiting times for the delivery of the vehicle are shorter. This applies to both private individuals and companies. This can be an attractive option, especially for small businesses that are not as flexible financially.

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