Yes you can.....Phil

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2011.5 Dinan ///M3:
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BMW M Performance Steering Wheel
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Horrible, horrible, horrible deals on CPO leases..

i've never heard of cost effective lease on a used car.

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"When two people agree on everything, one of them is not necessary" - Arliss

Some leases are not to bad, Land Rover's CPO's lease decent, so do the bigger lexus suv's

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The Present:
2014 Audi Q5 TDI Prestige
The Past:
2013 Lexus GS350
2013 VW Golf TDI
2007 BMW X5 4.8i LOADED & Loved
2009 VW Jetta
2008 VW Touareg VR6
2005 BMW X5 3.0i
2005 BMW Z4 3.0i
2004 BMW X5 3.0i
2003 BMW 325i
2000 Ford Explorer Eddie Bauer 4x4

You might be right Bo... There may be some exceptions to the rule.. But none that I have ever come across.

Would you mind giving an idea of what you're talking about in terms of:
CPO LEASE:

Money Factor
Residual Percent
Lease Acq fee

I'm very curious to know how they compare to a new vehicle.

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"When two people agree on everything, one of them is not necessary" - Arliss

I came across this info on leasecompare.com. to answer your question i was referring to the residual being lower

Why lease a used car?

If you're like most people you're generally ready for another car every three years. This is probably more so the case when you purchase used cars. So unless you plan to drive your car until the wheels fall off then leasing makes perfect financial sense.

Used cars do not lose their value as quickly as new ones. This means you will pay less depreciation over the term of the lease which equates to a lower payment. When you finance, you are basically paying the value down to $0 this is why a finance payment is almost always higher than a lease payment.

So what do most people do when they payoff their car loan? Finance another one, right? To do this you have to hassle with trying to sell your current car for market value or lose money by trading it in. Most cars older than six years are wholesaled not retailed, making it harder for you to find a buyer.

With leasing you're paying for the use of the car for a given term. When financing you are paying for the whole car and when you go to sell it trying to recoup the value of the amount you didn't use. What a waste of time and money!

Leasing a used car can help you get more car for the same amount as a traditional finance payment. As a bonus most luxury models have a longer warranty from the manufacturer than non-luxury.

I don't doubt that there might be information about leasing CPO cars and how they are a great deal, etc. But in my experience, I've never witnessed a good deal on a lease on a CPO car.

1) The money factor (interest rate) is so high that it usually offsets any low residual.
2) Because so many new car manufacturers have good lease incentives, it usually costs the same or less to lease a new car.

So why pay the same amount for a used car as you could for a new one.

Also, I would never get a lease from swapalease either. You don't know how well or how poorly the original owner negotiated the deal. So you might get stuck with their bad deal even if they put money down..

I'm sure there are exceptions to the rule.. but again, none that I have witnessed.

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"When two people agree on everything, one of them is not necessary" - Arliss