Costco doesn’t just sell bulk products to members. When you visit a Costco warehouse, you may also notice the wide variety of services and centers available at the store.
Costco offers auto services, gas stations, tire services to fix flat tires, and even optical services through their Optical Center.
But did you know you can lease a car through Costco?
While many customers and members don’t know this, car leasing is actually something you can get done at Costco. While Costco doesn’t have cars for sale on their shelves, they are partnered up with a couple of different dealerships in the United States that can offer really good deals for Costco members.
And if you’re interested in the topic surrounding Costco car leasing, you’ve come to the right place. In this guide, we’ll be explaining how you can lease a car through Costco, the kinds of cars you can lease, and whether or not it’s a good idea to do that.
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Can You Lease Cars Through Costco?
Yes, members can lease a car through Costco’s Auto Program. However, you may have noticed that Costco doesn’t sell cars in or outside of their store.
So, how can you lease a car through Costco?
Instead of leasing you a car that they are selling in their warehouse, Costco connects you to other dealers who participate in their program. There are over 3,000 dealerships in the US and Puerto Rico associated with Costco, giving members a wide variety of options.
How Does The Costco Auto Lease Program Work?
The Costco Auto Program allows members to lease a car through Costco by connecting them to different dealers in the United States. To start the process, you have to contact a specialist in the program, which you may find at your local Costco or on their website.
Once you contact the specialist, they will give you the contact details of different dealerships available. From there, you can choose the right dealership with you, then the specialist will give you the contact information of an authorized dealer from the dealership.
Only authorized dealers are allowed to give you the Costco member prices.
After receiving the number of the authorized dealer, you can set an appointment with them at the most convenient time for you. At the dealership, you can view all the different cars for leasing at a pre-arranged price for Costco members.
And while this process might take a couple of extra steps, it does open up a lower set of prices, allowing customers to save some money when trying to lease a car.
What Kind Of Cars Can You Lease Through Costco?
There isn’t a definitive list of the cars you can lease through Costco. Since Costco is affiliated with over 3,000 different dealerships that will offer members the Costco leasing price, one can expect a wide variety of different cars available for leasing.
Some dealerships may have wider selections than others, but customers can expect to find the most popular car brands available for lease.
Common car brands available for leasing through Costco include Audi, Toyota, BMW, Cadillac, Ford, Hyundai, Infiniti, Jeep, Lexus, Lincoln, Mercedes-Benz, and Nissan, just to name a few.
Keep in mind there are many other brands that may be available at different dealerships, but you can only find out what’s available by visiting the dealerships yourself and talking to an authorized dealer.
Are Costco Car Leases Good Deals?
One of the advantages of getting a car lease as opposed to buying a car is that the financial burden is reduced. Generally, car leases require lower monthly payments compared to buying the car, which could be a great deal for many people.
When you lease an automobile, you’re only paying for a fraction of its actual value. And while the cost of the lease can vary depending on the car and the dealership, it is still significantly less than if you chose to actually buy the car.
However, keep in mind that the lease isn’t the only thing you will have to pay. On top of the lease, be ready to pay for gas and other regular car services necessary to keep it in good condition.
With all that said, if you’re a Costco member, you can access a wide variety of good leasing deals from different dealerships. Most of these prices won’t be available to non-members, so not everyone will be able to access these prices.
How Much Does It Cost To Lease A Car Through Costco?
The cost of a car lease through Costco will vary. The make and model of the car along with the dealership itself can make a huge difference in the cost of leasing a car.
On top of that, different lease agreements will require different payments. Typically, car leases through Costco start at around $150 per month on top of the initial payment. And while this is still a fair amount of money, when compared to the $475 per month average that people have to pay when buying a used car, this is a fairly good deal.
Besides saving a good chunk of money by leasing a car through Costco, as a member, you can also visit the Costco gas stations in order to get good quality gas at cheaper prices.
Conclusion – Lease A Car Through Costco In 2023
If you’re looking to get a car but not too keen on buying one yourself, you might want to consider leasing one. When you lease a car, the monthly and upfront payments are significantly less compared to buying, which offers more flexibility for a lot of customers.
And if you’re a Costco member, you can lease your car through Costco as they have a program that gives members great leasing prices from over 3,000 dealerships in the U.S. and Puerto Rico. To start the process, call the nearest Costco Auto Center near you to learn more.