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Leasing a 2nd hand vehicle can be an attractive deal in many ways, no least
getting you into that luxury model or SUV, for lower monthly payments than
a brand new one. Be prepared, however, to do some more homework to dissect
a good deal.

As with new vehicle-leasing, your price research should focus on the key
figures that are the initial market value and the estimated residual value
of the 2nd hand vehicle. This is harder to predict since there is no factory-set
sticker price on 2nd hand vehicles, and the residual percentage is very much pegged
to a subjective current retail value. Use different sources to get a rough
idea of the value of the 2nd hand vehicle: your local dealerships, internet
vehicle-evaluating tools, such as Edmunds.com and vehicles.com, to name but a few.
Another way to pin down a good estimate is to compare the lease on your
given vehicle to a lease on a new-vehicle with the same make and model. This should
give you a better picture of the difference between leasing new and going
for used. Just like leasing a new vehicle, 2nd hand vehicle leasing is more
attractive when residual values depreciate the least. You stand a better
chance of finding a bargain in the high-end, luxury vehicles that keep
their values better as 2nd hand vehicles.