Used car buyers are usually shown two paths: pay cash or finance the car.
For years, leasing has mostly been offered on new cars. Used car buyers have usually been pushed toward traditional financing, longer terms, and higher monthly payments.
The CARTRIA® PayLess Used Car Lease gives qualified used car buyers a new way to lower the monthly payment on a quality used vehicle.
Most people think there are only two ways to get a used car. Pay cash, or finance the full price of the car.
A used car lease is different. It is another important option that is not normally offered by used car dealers.
With a lease, you drive an approved vehicle for a set period of time, with a set mileage plan, a set monthly payment, and a written lease agreement.
You are not setting up a long-term loan to pay off the entire car.
That is the main difference.
With traditional financing, your payment is usually based on buying the whole vehicle over time.
With a lease, your payment is based on driving the vehicle during the lease term. The vehicle is expected to still have value at the end of the lease. That remaining value is one reason the monthly payment can be lower.
If a vehicle is $30,000 and is expected to be worth $18,000 at the end of the lease, the lease is not built the same way as a loan that pays off the full $30,000.
The lease focuses on the time you use the vehicle, the mileage plan, the expected vehicle value, also called the residual value, fees, and taxes.
That difference can create a lower monthly payment than traditional used car financing.
At the end of the lease, you return the vehicle instead of continuing payments to own it. This is called a closed-end lease.
You are responsible for the car during the lease term, including your lease payment, mileage, and vehicle condition.
CARTRIA® brings this option to qualified used car buyers through the CARTRIA® PayLess Used Car Lease.
Before the CARTRIA® PayLess Used Car Lease, many buyers lowered the payment by stretching financing to 60 or 72 months. Extending the loan may lower the monthly payment, but it can come at a cost. You may pay more interest, stay in debt longer, and carry more long-term repair and ownership exposure.
$688/mo
36 month term
A used car lease gives qualified buyers another path besides stretching the loan.
$1,090/mo
48 month term
Stretching the loan can make the monthly payment look lower, but the debt lasts longer.
$11,718
72 month finance example
Extending the loan was the old way to lower the payment. It was not always the best way for the consumer.
Example for illustration only. Example based on a 2024 Volkswagen Atlas SE SUV with a used vehicle price of $44,722. Estimated payments shown before taxes, title, registration, doc fee, insurance, and other charges. Actual lease payment, approval, residual value, acquisition fee, mileage plan, insurance requirements, and final terms are set by the lessor and may vary. Customer is responsible for lease obligations, including payments, maintenance, insurance, mileage, vehicle condition, excess wear, excess mileage, lease-end charges, and other obligations stated in the lease documents. Savings are not guaranteed.
See if I qualify
Start with a vehicle that qualifies for the CARTRIA® PayLess Used Car Lease.
CARTRIA® compares the estimated lease payment with traditional used car financing, so you can understand the monthly payment before you move forward.
Qualified buyers complete the process and move forward with a lower monthly payment path.
En CARTRIA®, usted puede recibir ayuda en inglés o en español.
Le explicamos cómo funciona el CARTRIA® PayLess Used Car Lease , qué información se revisa, qué debe confirmar antes de firmar, y si puede calificar para pagos mensuales más bajos con un plazo más corto.
Toda la información que necesita, eso es CARTRIA®
Sujeto a aprobación, elegibilidad del vehículo, términos del arrendador, impuestos, cargos, millaje, seguro, y obligaciones al finalizar el lease.
Vehicle History Reports are available in English and Spanish.
CARTRIA® provides consumer education and used vehicle lease facilitation services. CARTRIA® does not guarantee savings, vehicle availability, lease approval, rebate eligibility, lessor participation, or any specific transaction outcome. Lessors set their own prices, fees, lease terms, underwriting requirements, vehicle eligibility rules, mileage limits, and final transaction documents. All leases are subject to credit approval, verified income, lender or lessor approval, vehicle eligibility, applicable taxes and fees, insurance requirements, mileage limits, excess wear charges, excess mileage charges, and lease-end obligations. The customer makes the final decision before signing any lease documents.