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Used Car Lease Baltimore MD

Have you ever heard of leasing a used car? Well, at Easterns Automotive we are pleased to offer this incredible opportunity to those in the greater Baltimore area. Read on below to learn more. 

About Baltimore Maryland

Baltimore was once a major manufacturing center. In more recent times the city has shifted to a more service-oriented economy. Today, Johns Hopkins Hospital and Johns Hopkins University are Baltimore's top two employers. A fun fact is that Baltimore has more public statues and monuments per capita than any other city in the country. It also has a claim to some of the earliest National Register Historic Districts in the nation. Our Easterns Automotive location in Rosedale conveniently serves the greater Baltimore area. We look forward to serving you!

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Used Car Leasing

Have you been searching for a used vehicle and wondering what your purchase options are? Most folks associate leasing with new vehicles only, but at Easterns, we are happy to offer an alternative to a traditional used car purchase. By partnering with Musa Auto Finance, you have the chance to maximize value and minimize depreciation with a used car lease. Contact us today with questions or to get the process started!

Benefits of Used Car Leasing in Baltimore

Have you decided that leasing a car is a good option for your personal situation? There are many benefits to leasing a used car rather than a new one. These include the opportunity to have a lower monthly payment and to avoid the steep 'new car depreciation'. You can have a lower insurance cost and a better lease buyout option than a new car.

How does Used Car Leasing Work?

If you have a good understanding of new car leasing, the setup is very similar for leasing a used car here at Easterns Automotive. The one main difference is that with a new car the residual value is set by the manufacturer and is percentage point based. With used cars, the values are specific to the model and mileage amount. You, the customer, will basically be financing the difference in the sales price of the vehicle and the residual value of the car. The residual values are determined by the lender, or by a third party chosen by the lender. This value is what the lender is estimating the car will be worth at the end of the term of the lease.

Can I Lease a Used Car in Baltimore?

Absolutely! Easterns Automotive offers a variety of locations across Maryland and Virginia, and we happen to have a location in Rosedale, just outside of the city. If you are interested in this great opportunity or would like to learn more, please give us a call or stop by the dealership today!

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