While Costco is best known for its low prices and affordable automotive service, Costco also provides many other lesser-known benefits of being a member.
Because of this, you might be wondering whether or not Costco leases cars, and if so, how does it work? Here is what I discovered!
Does Costco Lease Cars?
Costco members can lease a car through the Costco Auto Program. However, since Costco doesn’t sell cars, you cannot lease cars directly from the company. Instead, Costco will connect you with a participating dealership from more than 3,000 locations in the United States and Puerto Rico.
So, how exactly does this program work? I’ve done my research and found all the information you need!
How To Lease A Car From Costco?
When leasing a car through the Costco Auto Program, you will have to contact Costco’s program specialists, who will help you find a participating dealership near you.
The person you speak to will also give you the name and phone number of an Authorized Dealer Contact at the dealership you select.
These Authorized Contacts are the only ones able to offer you Costco member prices.
From here, you can get in touch with your designated contact and make an appointment at a time that suits you.
Once at the dealership, the Authorized Contact will walk you through the process of selecting and leasing a vehicle at a pre-arranged price.
This may sound like more hassle, but the benefits afforded to members of the Costco Auto Program far outstrip the drawbacks!
What Type Of Cars Does Costco Lease?
While this depends entirely on the dealership that Costco has partnered with, Costco customers can expect to lease a wide range of car brands, including:
What Are The Benefits Of Leasing A Car From Costco?
Any dealership included in the Costco Auto Program will offer pre-arranged pricing and superior service to all members.
The pre-arranged prices are usually excellent value because Costco regularly surveys its dealers to ensure pricing is kept up-to-date and competitive.
Your experience at the dealership will also be hassle-free when you lease a car through the Costco Auto Program!
You will speak to a personally trained, designated Authorized Contact, and you won’t have to haggle because the price will already be fixed at a lower cost.
However, if you are not completely satisfied with the process, the Costco Member Advocacy Group will provide support before, during, and after the transaction.
How Much Does It Cost To Lease A Car From Costco?
The amount you pay each month when leasing a car through the Costco Auto Program will depend on a number of factors.
These range from the make and model of the vehicle you lease to the dealership you go to and, of course, the terms of the lease agreement itself.
A car leased through a partner dealership with Costco can start from $150 upwards a month over a 36-month period from my research. Plus, an initial upfront amount upon signing.
Regardless of the variables, though, you will only pay a portion of the vehicle’s value when you lease it! And the monthly payment will be lower if you lease rather than buy.
Conclusion: Can I Lease A Car From Costco?
You cannot lease a car directly from Costco. But, you can lease one for a pre-arranged price from one of 3,000 dealerships that are part of the Costco Auto Program!
When leasing through the Costco Auto Program, you get access to the most competitive prices and a customer satisfaction guarantee. Just bear in mind that only Costco members can lease cars through this program.