As with new car leasing, you need to do some research to help secure the best deal. First and foremost is price research.

Your price research should be focused on the vehicle's key figures: the initial market value, and the estimated residual value. It's a little harder to determine these figures on used cars, because there are no factory-set sticker prices and the residual percentages are determined by subjective current retail value. For this reason, it's important to find several estimates and then determine a median value. You can find the information you need online at sites like cars.com and edmunds.com, and you can visit local dealerships.

You can also find a good estimate by comparing the used car lease with an available lease on a new vehicle of the same make and model. This information provides an overall picture of the differences between the new and used car leases. Just like leasing a new car, a used car lease will be more attractive when the residual values are expected to depreciate the least. Your chance of finding a bargain is better with a high end, luxury vehicle that will hold its value.

Next, you should verify the accumulated mileage and assess the overall condition of the vehicle. The maximum mileage on the used vehicle you choose should not have exceeded 12,000 miles a year. For example, if the car is three years old with 50,000 miles on the odometer, it's probably not your best choice for a used vehicle lease.

In addition to the car's mileage, check for signs of excessive use like worn seat fabric and a damaged interior, worn pedal pads and a dirty engine, all indicative of poor maintenance or an odometer roll-back. Even if the car is being sold certified, it's in your best interest to have it thoroughly inspected by a qualified and trustworthy mechanic.

Gap coverage is a type of insurance offered on a new car lease that protects the driver against vehicle loss, damage or theft. This type of coverage is not usually offered on a used car lease. Automobile insurance policies will typically only cover what your car is worth at the time of loss, rather than what's owed on the lease. The difference can run into thousands of dollars.

Try to arrange your own gap insurance on the used car lease, for your own peace of mind. These arrangements can be made directly with the dealer or through an automobile insurance company.

If you've been dreaming of driving a high end car, but can't manage the high monthly payments, a used car lease can be just what you need to cruise in high style.