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A car lease allows you to drive a vehicle from a dealership for an agreed upon amount of time and miles, and pay for its usage rather than for the full purchase price of the vehicle. You make monthly payments to be able to drive the car.

Driver's license. Before considering any lease terms, a car leasing company will need to verify your identity and perform a credit check, which is typically done by providing a valid state-issued driver's license. ... Proof of insurance. ... Proof of income. ... Proof of residence. ... Credit score.

If you've found this page about used-car leasing, you're probably trying to figure out if it's really possible to lease a used car. It absolutely is, and you can do it right here at South Shore CDJR. We'll outline how it works below: Select your favorite vehicle from our used-car leasing inventory.

Used-car leases follow the same basic structure as new leases. The lender will determine the vehicle's residual value and determine the payments based on the difference between the vehicle's sales price and its residual value. Not all automobiles depreciate at the same rate, so the residual values vary.

Yes! A used car can be leased in the same manner that a new car can, meaning that you can borrow a pre-owned vehicle from your local car dealer without the long-term commitment of buying. All you have to do is find a used car that you love, and then head to the dealer's service center to discuss a lease plan.

Contents Option 1: Return the vehicle. Option 2: Roll the payments into a new vehicle. Option 3: Request voluntary repossession. Option 4: Find someone to assume the lease.

You pay the dealer monthly payments much like renting a house or apartment. You do not gain ownership of the car and you must return the car, or buy it from the dealer, at the end of the lease term. You have the right to use the car during the lease for a certain number of months and miles.