Can You Lease a Certified Pre-Owned Car?

There are many benefits to buying a certified pre-owned (CPO) vehicle. These like-new, low-mileage used cars must undergo a thorough multi-point inspection and come with valuable warranty coverage. Can you lease a certified pre-owned car? One of the key differences between used vs. certified pre-owned vehicles is that many CPO programs offer a lease option. In this guide from the experts at Motorwerks MINI, we’ll answer the following questions:

• Can you lease a certified pre-owned car?
• Can you finance a certified pre-owned car?
• How much can you negotiate off a certified pre-owned car?

Once you have reviewed your CPO leasing options, check out our certified pre-owned inventory to find the certified used MINI Cooper that is the best fit with your lifestyle and budget today!

Certified Pre-Owned Leasing vs. Financing

Can you finance a certified pre-owned car? Yes, financing is available for all of our used vehicles for sale here at Motorwerks MINI. Can you lease a certified pre-owned car? CPO leases are offered, but you should check with our finance team to explore your options. 

Financing a CPO vehicle is really no different than financing any used or new car. Your lender will take a look at your credit score and the specific vehicle you wish to finance. For your convenience you can apply for financing with Motorwerks MINI online and get pre-approved before you visit our dealership near Minnetonka. Planning on trading in your current vehicle? With our trade-in estimator you can get the fair market trade-in value of your car in minutes.

Leasing a certified pre-owned car is basically the same as leasing a new vehicle. Here’s how it works:

• The monthly lease payment will be determined by the difference between the sale price of the vehicle and its estimated value at lease-end. 
• There will be a preset mileage limit.
• Customizing or upgrading the vehicle in any way is prohibited.
• You will need to return the vehicle at the end of your lease term.
• As with a new car lease, you’ll have the option to purchase the vehicle after the lease term is completed. Since a used car will have a lower residual value, you’ll pay less than you would for a lease buyout on a new car.

How Much Can You Negotiate Off a Certified Pre-Owned Car? 

While CPO vehicles cost less than a new car, their prices tend to be higher than a typical used vehicle. In addition, CPO vehicles are generally in top condition due to the rigorous inspection process and strict qualifications as dictated by the brand’s CPO program. Just as with new and used vehicles, you have the opportunity to negotiate when buying or leasing a certified pre-owned car. How much can you negotiate off a certified pre-owned car? It will depend on the asking price, the condition of the vehicle, and other factors. 

Before you begin negotiations, you should do some research on the CPO car you are interested in. If it is priced higher than the market value in the St Louis Park area, you may have some wiggle room to get a better deal. As a rule, it is reasonable to ask for 5% off the initial lease offer and see where it goes from there. 

The MINI Cooper Certified Pre-Owned Program

In order to be eligible for certification, a used MINI Cooper must be less than 5 years old with no more than 60,000 miles on the odometer. Some highlights of the MINI Cooper CPO program include:

• Multi-point inspection by a qualified MINI Cooper technician, with any required reconditioning done with genuine MINI Cooper OEM parts
• 1-year/unlimited miles MINI Certified Pre-Owned Warranty after the expiration of the original 4-year/50,000-mile MINI New Passenger Car Limited Warranty
• CARFAX®Vehicle History Report
• 24/7 Roadside Assistance during your MINI Certified Pre-Owned Warranty
• 7 days/500 miles exchange policy

Learn More About CPO Leasing at Motorwerks MINI

Can you finance a certified pre-owned car? Financing is offered for all of the vehicles we sell here at Motorwerks MINI. Can you lease a certified pre-owned car? CPO leasing is available, but contact us for details. How much can you negotiate off a certified pre-owned car? It depends on the vehicle, the price, and other factors. Take a look at our current pre-owned vehicle specials to find some of the best deals in the Minneapolis area, then visit our dealership in Golden Valley to explore your CPO lease and finance options today!

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