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Why Lease-Return Vehicles Are The Best Pre-Owned Vehicles

Lease-Return Vehicles - NYE AutoWhether you are looking at new or used vehicles, buying a car is a major decision. There seems to be a camp of people who only buy new cars and another who only buy used cars. But there’s a third option you should consider: buying a lease-return vehicle.

Vehicle leasing is a popular way for corporations and small companies to provide transportation to executives and sales personnel, without the upfront cost of buying. The tax advantage for the company is that they can charge off the entire cost of the lease as a business expense, instead of depreciating the cost of the vehicle over several years.

Here in New York, this practice of vehicle leasing creates a sizable pool of high-quality used cars available for purchase. As opposed to buying just any used car, there are certain advantages of buying a lease-return vehicle:

Low mileage – Lease contracts have a built-in annual mileage limit, usually 15,000 miles per year.

Well-maintained – Lessees are required to properly maintain the vehicle, including preventive maintenance. Many lease contracts include the cost of this maintenance, which is done by the dealership’s trained technicians.

Reasonable wear and tear – Lease contracts always have a reasonable wear and tear clause in them. That means that any excessive damage or wear incurred by the lessee has to be repaired before turning in the vehicle.

Great price – For the money, lease-return vehicles are a great value.

Vehicle leasing may provide just the vehicle you need for your personal or family needs. Here in central New York, NYE Automotive Group has a large selection of formerly-leased vehicles, manufactured by Toyota, Ford, GMC, Buick and Scion. So come in today and talk to us.

Photo courtesy of Shutterstock.

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