Purchasing a lease return is one of the most financially advantageous ways to buy a vehicle for many reasons. In most cases, you can get way more vehicle than for the base price of a brand new one. This savings allows you to enjoy upgrades that you have always dreamed about at a fraction of the new vehicle price. In addition to costing less than a new car in terms of price, sales tax, and insurance, a previously-leased vehicle can benefit you in other ways. Often you will see discounted late model financing opportunities through the dealer.
Lower Costs All Around
Starting with the most obvious factor, a lease return costs less than buying new. A new vehicle depreciates quicker than you might think – some up to 30% in the first year! Certified pre-owned (CPO) vehicles are an option, but they are also priced higher because they are backed by the original manufacturer’s warranty coverage and that has a cost figured in to qualify as Manufacturer Certified. A returned lease vehicle is the sweet spot between a CPO and a used vehicle, and this is just one reason!
Leased vehicles are often under contracts that require the lessee to follow specific maintenance guidelines and have all work done directly at the dealership. After only 2 or 3 years, a lease return may still be in like-new condition. Excessive wear and tear is charged to the original lessor to offer you a vehicle that is in line with wear and tear plus may also still have its existing warranty. If not, it could be eligible for an extended warranty, depending on the dealership.
Less Wear & Tear
A leased vehicle will usually have less mileage since many lease contracts set annual mileage limits and charge for every mile over that amount. The end result of a vehicle that has been leased according to the terms of its contract is a high-quality used vehicle. A car history report will reveal anything you should know about the vehicle, including service history. The dealer may also be able to let you know what the original lease terms were and verify the history report.
The newer the vehicle, the more recent and innovative its technology and features. A lease return is an excellent opportunity to get these features at a fraction of the cost of a new car or truck. This is where a test drive is important so you can check out the vehicle’s features to ensure they work the way they should. For example, if you are looking for a car with smart device integration, make sure the one you’re considering works well with your phone. We encourage you to take the time to ask questions and test the safety features, as well, such as cameras, sensors, adaptive cruise control, and other such systems.
Purchasing a lease return is one of the best ways to get more car for your money. Here at Dallas Lease Returns, we have models as recent as 2018 and 2019 in fantastic condition and available at a reasonable price. If you are looking for a near brand new car, without the brand new price tag, check out our inventory of lease return sedans, lease return trucks, and lease return SUVs! To browse our inventory click here or call (214) 960-1388 for more information!