I have a question about buying an off-lease car. I know that I could save a lot over buying brand new. My question is this. Where is the best place to go to find off-lease cars that are for sale? Also would I know who drove the car while it was being leased?
Buying a car that has been returned by the lessee is a good deal. Generally the dealer has most of the off lease cars. Most times you can get them as a certified preowned vehicle. The CPO cars are thoroughly inspected and get an extension of the factory warranty, sometimes there is a great interest rate on the loan to go along with the CPO car. Because of privacy laws, you will not know who drove the car, but you can ask about how the vehicle was maintained during the lease. I would buy an off lease car that was properly maintained by the dealer that originally sold the car. Explain your interest to the salesperson and be open to what is available and you will get a good deal. Good Luck!
〉 Answered on Jul 11th, 2008 by Jenny Trostel, Partner at Anderson of Hunt Valley
An off lease vehicle is basically just a pre owned car. But you are correct in that you can usually save some money by buying a late model pre owned vehicle. Lots of dealers buy off lease and manufacturer*s company cars at auction and then offer them for sale to the public. I also advise purchasing a manufacturers extended warranty just in case you have a problem it would be covered.
〉 Answered on Jul 11th, 2008 by Shelly LoCascio, Dealer Principal at Irwin Lincoln Mercury Mazda
Now days most people return their vehicles to the original dealership that they purchased them from. They are inspected for safety and then placed on the pre-owned lot for sale...with a warranty I might add. Dealerships aren't allowed by law to divulge any of their customer's information, but all of our DCH dealerships offer you a car fax report (free of charge) so that you can be certain if there were any accidents and/or floods, etc. Conditions of off-lease vehicles are usually better than average, as the consumer knows that they have to return it and are responsible for excess wear and tear. Not sure what part of the country you're from, but you are welcome to visit our NJ Saturn dealerships at www.jerseysaturn.com.
〉 Answered on Jul 11th, 2008 by Susan Scarola, President and CEO at DCH Auto Group