How to Purchase a Lease Return Car | YourMechanic Advice

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.


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Chris

21 years of experience
1828 reviews
Chris
21 years of experience
Chevrolet G20 - Pre-purchase Car Inspection - Laguna Niguel, California
We did a pre-purchase inspection and Chris was incredible. He was very thorough, was clear and vocal about all of the potential issues we'd face in buying the camper. He gave rough estimates for fixing everything and an overall recommendation for what he thought the vehicle was worth. Priceless advice for a very affordable fee.
Honda Odyssey - Pre-purchase Car Inspection - Lake Elsinore, California
Clear and excellent communication, couldn’t be more happy with YourMechanic and Chris. Would highly recommend both!

Eliud

22 years of experience
72 reviews
Eliud
22 years of experience
BMW X5 - Pre-purchase Car Inspection - Loganville, Georgia
My mechanic was very knowledgeable and took the time to answer all my questions. I will definitely use again.
BMW 535d xDrive - Pre-purchase Car Inspection - Loganville, Georgia
GReat service and even arrived earlier than our appointment which worked great for me. Was willing to answer all of my questions

Jason

14 years of experience
188 reviews
Jason
14 years of experience
Dodge Charger - Pre-purchase Car Inspection - Carteret, New Jersey
Jason came on time, explained the procedure and immediately started the pre-purchase inspection on my 2012 Dodge Charger. Very thorough, very knowledgeable! I’ll be using YourMechanic for the suggested maintenance and repairs.
Nissan Rogue - Pre-purchase Car Inspection - Linden, New Jersey
I truly appreciate Jason’s professionalism and the fact that he was quite detailed in his inspection of my vehicle. As a result, I now feel much more confident in my purchase and will utilize Jason’s services in the future.

Pierre

8 years of experience
98 reviews
Pierre
8 years of experience
Subaru Impreza - Pre-purchase Car Inspection - Revere, Massachusetts
My husband and I had Pierre take a look at a car for us before we bought it. He was super communicative with us, letting us know that he was running behind and would be a little late. When he did the inspection the guys at dealership were very impressed by Pierre and his thoroughness. After his inspection he gave us a full list of what he found and his professional opinion on the vehicle. Pierre's assessment gave us the confidence to purchase the car.
Hyundai Elantra - Pre-purchase Car Inspection - Arlington, Massachusetts
Was running a bit late but called well ahead to let me know. Extremely professional, would recommend to anybody in the area. 10/10

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