How to Purchase a Lease Return Car

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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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Rigoberto

9 years of experience
716 reviews
Rigoberto
9 years of experience
Audi A8 Quattro - Pre-purchase Car Inspection - Buffalo Grove, Illinois
Man! He saved me 26k by being very thorough and checking make and model specific things! Just amazed! Thank you!!!
Ford Explorer - Pre-purchase Car Inspection - Arlington Heights, Illinois
He arrived on time and explain me all with details about my car problems that he was going to work on it. Great mechanic.

Chris

20 years of experience
1644 reviews
Chris
20 years of experience
Mini Cooper - Pre-purchase Car Inspection - Costa Mesa, California
Great service. Helped me understand what was wrong with the car before buying it, and I don't know lot about cars.
BMW 330i - Pre-purchase Car Inspection - Temecula, California
Chris is extremely knowledgeable and highly competent. Performed exactly as I would have hoped for during his inspection, recommend very highly!

Attila

17 years of experience
452 reviews
Attila
17 years of experience
Toyota Camry - Pre-purchase Car Inspection - Little Falls, New Jersey
Straightforward and honest, it was nice knowing someone was in my corner at a dealership. His analysis helped me feel very empowered to make an informed decision. Would absolutely ask him to take a look for us again!

Alexander

18 years of experience
67 reviews
Alexander
18 years of experience
Lexus IS250 - Pre-purchase Car Inspection - Orlando, Florida
Alexander was extremely polite, knowledgeable, and very accommodating of every request I shared of him.

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