Almost every
carmaker leases car, but what happens to those cars when the lease
is up? Sometimes the car is purchased by the dealer that leased the
car in the first place. If not, then the car is sent to an auto
auction where the lease company sells the car. These cars end up
back for sale on dealership lots.
An off lease car can be a good buy. Leasing companies have
stringent contracts that require the car to be returned in good
condition. People who lease cars tend to take good care of them to
avoid extra costs and penalties when it comes time to turn the car
in.
Most leases are for a term of 2 to 5 years, and allow for a
maximum mileage of 1,000 to 1,250 miles per month. Off-lease cars
are a good source of clean, late-model, low mileage cars.
Just be sure to check the vehicle's history to look for any signs
of odometer fraud.
