How to buy a car with a lease return

Content

Part 1 of 2. Finding a vehicle to lease back
Part 2 of 2: Leasing back car test drive

Are you looking for a car with low mileage and a low price? Leasing back cars may be your best option. Most of the leaseback vehicles have undergone ongoing preventative maintenance as the leasing company…

Are you looking for a car with low mileage and a low price? Leasing back cars may be your best option.

Most leased vehicles receive ongoing preventative maintenance as the vehicle leasing company invests in maintaining their products. Buying a leaseback car can be a great way to buy a high value car for significantly less than buying a brand new car.

Part 1 of 2. Finding a vehicle to lease back

Step 1: Decide where to buy. When buying a leaseback car, it is important to explore your options when choosing where to buy.

АвтосалоныA: Most car dealers offer leasing services to their customers and handle all leasing returns themselves. For this reason, they are likely to have a regular selection of leaseback vehicles available for purchase. This is a great option for those who need help with financing as a large dealership is likely to be flexible with pricing and financing methods. Call your preferred dealership to schedule an appointment and view all options.

rental companies: Companies that rent cars to customers daily and weekly usually offer their cars for purchase to the public when the cars in question are a few years old. These vehicles typically receive ongoing and preventative maintenance when in the company's hands and are usually in excellent condition even at the time of sale.

Functions: Contact local car rental companies or check local newspapers for rentals.

Step 2: Do your research. Browse the ads on the Internet and find out the prices for returning cars for leasing. Even if the ad isn't what you're looking for, you can get an idea of the approximate retail value of rental cars. This research will help you find the best deal in your area and better bargain with the seller.

Functions: If you need financing, it is worth exploring all possible sources before buying. While the company that sells the car may have financing options, it's worth checking to see if another bank or institution can draw up a loan agreement with a lower interest rate.

Part 2 of 2: Leasing back car test drive

Step 1: visit and test drive. After you find a few cars that interest you, make an appointment and inspect the cars in person.

Functions: Be sure to review all other leaseback vehicles available from each supplier and make it a rule to test drive each vehicle you are interested in.
Attention: Record vehicle mileage, vehicle rental return and usage history.

Step 2: Check before purchase. When you are ready to buy, review all sales documents and the entire contract.

AttentionA: Ask for a Carfax report and a pre-purchase vehicle inspection from a qualified mechanic before signing any paperwork.

Leasing a car back is worth considering if you are looking for well maintained cars with low mileage and high value. Buying a leaseback car can save you a lot of effort and frustration associated with buying a used car. Before choosing the one that best suits your driving needs, make sure you do some research and test a few rental cars.