Used Car Lease Deals
Car dealers are expecting over 800,000 lease returns this year, a huge increase from previous years. These are mostly 2013 and 2014 model year vehicles that were leased for 24 to 36 months, and now need to be turned in and resold or re-leased. This presents a good opportunity for car shoppers who want to purchase or lease a late-model used car.To help off-load this huge inventory, some car manufacturers are offering to re-lease these vehicles. It's been relatively rare to find used car leases up until now, but you'll be seeing more of it soon. Forbes has some more details on these used car lease deals. Check out the list below to see which vehicles will have the most lease returns this year.
Top Used Cars Available for Lease
|Model Years||Vehicle||NADA Estimated Price|
|2013, 2014||Toyota Camry||$15,625 - $19,000|
|2013, 2014||Honda Civic|
|2013, 2014||Honda Accord||$18,675 - $23,675|
|2013, 2014||Honda CR-V||$19,275 - $20,125|
|2013, 2014||Ford Escape||$15,775 - $24,675|
|2013, 2014||Nissan Altima||$14,600 - $18,500|
|2013, 2014||Ford Fusion||$14,575 - $22,200|
|2013, 2014||Lexus RX-350||$31,025 - $37,075|
|2013, 2014||Toyota RAV 4||$19,000 - $22,425|
3 Steps Every Car Buyer Needs to Take to Save Maximum MoneyThe key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:
Step 1 Get Prices From My Trusted NetworkSelect the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Step 2 Get Prices From TrueCar / CarsDirectTrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.
Step 3 Complete my ChecklistFollow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid