How to Purchase a Lease Return Car

Are you looking for a car with low mileage and a low price point? Lease return vehicles might just be your best option.

Most lease return vehicles have undergone consistent preventative maintenance, as the company that leased the vehicle invests in the maintenance of their products. Purchasing a lease return vehicle can be a great way to buy a car with high value while paying a significantly lower amount than one would pay when purchasing a brand new car.

Part 1 of 2: Find a lease return vehicle

Step 1: Decide where to buy. When buying a lease return vehicle, it is important to research your options when choosing where to buy from.

Automotive dealerships: Most automotive dealerships offer leasing services to their customers, and handle all of their lease returns in-house. For this reason, they are likely to have a regular selection of lease return vehicles available for purchase. This is a great option for those who need help financing, as a large dealership will most likely be flexible on pricing and financing methods. Call your preferred dealerships to set up an appointment and view all your options.

Rental companies: Companies that rent vehicles to customers on a daily and weekly basis usually offer their vehicles for purchase to the public once the cars in question are a few years old. These cars tend to go through consistent and preventative maintenance when in the company’s circulation, and are usually in great condition, even by the time they are being sold.

  • Tip: Contact your local vehicle rental companies or check your local newspapers for rental listings.

Step 2: Do your research. Go through advertisements online and find the prices of lease return vehicles. Even if the advertisements are not what you are looking for, you can get an idea of the approximate retail values of lease return vehicles. This research will help you find the best deal in your area and better bargain with your salesperson.

  • Tip: If you need financing, it is worth researching all possible sources before you buy. While the company that is selling the car might have financing options, it is worth checking to see if another bank or institution can draft a loan agreement with a lower interest rate.

Part 2 of 2: Test drive the lease return vehicle

Step 1: Visit and test drive. After you find some cars that you are interested in, book appointments and take a look at the vehicles in person.

  • Tip: Be sure to look at all the other lease return vehicles available at each vendor, and make it a point to test drive every car you are interested in.

  • Note: Make a special note of the car’s mileage, lease return vehicle, and usage history.

Step 2: Pre-purchase inspection. When you are ready to purchase, go through every sales document and contract in full.

Lease return vehicles are worth considering if you are looking for well maintained vehicles with low mileage and high value. Buying a lease return vehicle can save you a lot of effort and help you avoid the frustration that comes with having to purchase a used car. Ensure that you do some research and test drive some lease return vehicles before selecting one that is best for your driving needs.


Next Step

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Michael

21 years of experience
159 reviews
Michael
21 years of experience
Ford Transit Connect - Pre-purchase Car Inspection - Pomona, California
Very prompt, knowledgeable, honest and super thorough. I had a pre-purchase vehicle inspection at a car lot. Michael's detailed attention helped me bargain the price down significantly, more than enough to cover the cost of his services. I'm super satisfied!!!!
Jeep Wrangler - Pre-purchase Car Inspection - Norco, California
I hired Michael through YourMechanic to perform a pre-purchase inspection on a Jeep Wrangler Rubicon before I pulled the trigger and purchased it from a used car dealership. I am SO glad that I did--Michael was able to not only immediately identify that the Wrangler was NOT a Rubicon as advertised (he identified Dana 30 lockers instead of standard Dana 44s) but also that it had a host of other electrical and mechanical issues. He was prompt, professional, and saved me from what was bound to be a nightmare. Glad to be out $100 rather than the cost of a Jeep that was misadvertised, and grateful to have a Jeep expert have my back.

Peter

25 years of experience
437 reviews
Peter
25 years of experience
BMW 320i - Pre-purchase Car Inspection - Reseda, California
Peter was flexible and provided me an inspection report within less than an hour of completion. Would highly recommend him for pre purchase inspections!
Volvo XC60 - Pre-purchase Car Inspection - Sherman Oaks, California
Peter was extremely helpful and available for any questions I had. He is very knowledgable and I would highly recommend him for any services. I used his services for a pre-car inspection and am very satisfied with the results. Would use again. Thank You.

John

27 years of experience
808 reviews
John
27 years of experience
Honda Element - Pre-purchase Car Inspection - Webster, Texas
John completed a pre-purchase car inspection for me. I was feeling a bit nervous about purchasing a car from out of state, but after seeing John's inspection notes and then talking with him over the phone about the few issues he found, I feel confident in his knowledge, honesty, and professionalism, and I feel very comfortable about my upcoming purchase.
GMC Yukon - Pre-purchase Car Inspection - Webster, Texas
John performed a pre-purchase inspection for me and was great to work with. He is punctual, communicates really well and overall made the experience very easy for me. If I lived local he would be my regular mechanic.

David

13 years of experience
339 reviews
David
13 years of experience
Toyota Camry - Pre-purchase Car Inspection - Marietta, Georgia
Great experience. Saved me from buying a car with fairly significant issues which were not disclosed. Well worth it!
Nissan 370Z - Pre-purchase Car Inspection - Marietta, Georgia
We had a great experience with David on a pre-purchase inspection. He was very thorough, detailed, and knowledgeable. Definitely would recommend him and book him again.

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