Used vehicle leasing
Used vehicle leasing allows renting certified used vehicle (< 5 years, < 100,000 km) with same advantages as new leasing. Growing market in Morocco since 2022, driven by Wafasalaf and Salafin.
Key characteristics
Duration
24-48 mois
Average rate
6.5%
For whom
Individuals & pros
How it works
Used vehicle selected from partner catalog, after complete technical control. Duration 24-48 months. Down payment 15-25%. Residual value lower than new (5-15%). 12-24 month warranty included.
Comparison vs classic credit
Rate slightly higher than new leasing (6.5% vs 5.5%) but significantly lower monthly payment as financing base lower (cheaper used vehicle). Ideal alternative vs costlier used auto credit (7-8%).
2026 taxation
Same rules as new leasing: 100% deductible rents for professionals. VAT rarely recoverable for tourism vehicle, easier for utility. Less tax-optimal than new leasing but economic alternative.
Numeric example
Used Peugeot 3008 2022, 50,000 km, price 180,000 MAD. Leasing 36 months: down payment 20% = 36K, rent 3,800 MAD/month × 36, VR 18,000 (10%). Total cost 190,800 MAD if buyback.
Advantages
- Lower monthly payment than new leasing
- Certified warranted vehicle (12-24 months)
- Access to premium vehicles at reduced price
- Same flexibility as new leasing (3 options at maturity)
Disadvantages
- Higher rate than new leasing (+1 pt)
- Limited catalog (partner vehicles)
- Warranty limited to contract duration
- Potentially higher maintenance costs
Recommended providers
Wafasalaf
Salafin
Sofac
When to choose this product?
Ideal for individuals seeking good quality-price ratio. Recommended for first leasing vehicle (product test). For pros: interesting if vehicle meets tax eligibility criteria.
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