|
|
Subject:
downside of buying a car that just came off a lease?
Category: Sports and Recreation > Automotive Asked by: gremlin-ga List Price: $2.00 |
Posted:
25 Jun 2003 23:16 PDT
Expires: 25 Jul 2003 23:16 PDT Question ID: 221858 |
I'm looking to buy a 2002 or 2003 Honda Civic. One option is to go to an auction and buy one that has just come off a lease. I'm concerned that, if I buy a car this way, it's more likely to have been mistreated by it's previous owner and have hidden problems. One person has suggested that, so long as it's been inspected, I shouldn't worry that much about major problems popping up down the line. I'm still not sure. Can you find information on whether or not this is something I should be worried about? If so, how much of a problem is it? This is in follow up to some comments on the question "when do the 2004 honda civics come out?" |
|
Subject:
Re: downside of buying a car that just came off a lease?
Answered By: politicalguru-ga on 01 Jul 2003 04:59 PDT |
Dear Gremlin, Thank you for your question. A leased car is a type of a used car, and in that effect, the first thing you have to make sure, is that you've checked all that there is to be checked when buying a used car (see bellow). The opinions on leased vehicles are disputed as they could be. However, leased cars also pose a unique problem. There was a joke in a field office I used to work in: "which type of car could drive through all kinds of environment? The leased one!" That means that by buying a leased car you might be exposing yourself to more problems than usual. However, if it came from a fleet, you have less to worry about, since big firms with fleets take usually good care of the vehicles. On the other hand, as this car is about a year on the road, this could be a sound investment - if it does come from a fleet and passes your mechanic's test. If you want to buy a cheap leased car, remember: (1) To find a maintenance history on the vehicle if you can (2) check the car (at a qualified mechanic) before purchase. By the way, I know it doesn't answer this question but the former ones, but according to the Honda forum, the best time to buy last year's Hondas is two weeks after the new ones have arrived, which is Sept/Oct (that is, around Sept/Oct 2003, you'll find 2003 models for sale) (see http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&selm=quz_8.62%24DN4.42947%40news20.bellglobal.com). Read more --------- Buying a Used Car (Edmunds) http://www.edmunds.com/advice/buying/articles/78387/article.html?tid=edmunds.h..advice..3.* - tips and advices from Edmunds Consumer Guide on Buying a Used Car (FTC) - http://www.ftc.gov/bcp/conline/pubs/autos/usedcar.htm 0 A guide from the Federal Trade Commission Good As New - http://www.goodasnew.com/ - an online book on how to buy a used car Car Buying Tips http://www.carbuyingtips.com/ How to Check a Car's History - http://www.samarins.com/history/ Used Car Checklist - http://www.samarins.com/check/checklist.html [Both from Samarins.com]. rec.autos.marketplace - http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&group=rec.autos.marketplace - discussion group on buying cars. rec.autos.makers.honda - http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&group=rec.autos.makers.honda - a discussion group on Hondas Thread: Buying a Used Leased Car: http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&th=ee8a3b0eb9b529ae&seekm=3c55c314_1%40corp.newsgroups.com#link10 - you'll see that some advice against, some think it's no different than any other used car. Buying Last Year's Model: http://www.foxphiladelphia.com/goodday/cybercents/car/new_car.html I hope that answered your question. I searched for terms such as: "buying a leased car" "used leased car" "buying a used car" "last year's model" If you need any clarifications on this answer, please let me know. I'd be pleased to clarify my answer before you rate it. |
|
Subject:
Re: downside of buying a car that just came off a lease?
From: cogsie96-ga on 30 Jun 2003 13:27 PDT |
This is the only way that I'll purchase a vehicle, although I would not touch a car that is coming back from fleet usage (rental, taxi, etc . . .) I don't think you'll have a problem in this regard with a Civic. Leases generally run for 24 to 36 months, so you should be looking at 2002 Civics or older at this time. I would not purchase a car with over 12,000 miles per year coming off a lease. Too many miles in too short a time, which could be a source of problems. Meet with a Honda dealer, and provide exact specs that you require. If you are serious about a purchase, they will go to the auction looking for a car that meets your needs. It's a win for them. They've got a sure transaction for very little effort - scanning the vehicles that come up at the bi-weekly sale. They may say that they can't commit to an auction purchase before you put money down. Don't believe it. They can move any car off their lot in a couple of months, especially a late model Civic. This may be different if you request an uncommon engine/transmission combination. In that case, the vehicle may be harder to find and later, to sell. You purchase the car from the dealer, with the normal return policy, certified mechancics, etc . . . and the rest of the warranty on the vehicle. When we bought our car this way, they could not guarantee the color that they'd find at the auction. We gave them one definite NO (brutal blue), and said we'd take anything else. It worked out great for us. Good Luck |
Subject:
Re: downside of buying a car that just came off a lease?
From: gremlin-ga on 08 Jul 2003 12:27 PDT |
cogsie96 says they wouldn't buy a car that had been part of a rental fleet. Why not? I saw several comments in a link politicalguru gave me which said just the opposite - those people thought fleet cars were more likely to have been well maintained than cars leased to individuals, so they were a safer bet. Is fleet cars vs. leased cars one of those issues where there is no consensus as to which is better? |
Subject:
Re: downside of buying a car that just came off a lease?
From: politicalguru-ga on 09 Jul 2003 00:33 PDT |
Dear Gremlin, I agree. Fleet usage is much safer than private lease. Of course, each case is unique - if it is from rental, it would be a good advice to be suspicious (most of fleet cars are not ex-rentals, which is completely different category, but served firms). In any case, you should check a car before you buy it. Good luck. |
Subject:
Re: downside of buying a car that just came off a lease?
From: dcjohn-ga on 15 Jul 2003 11:51 PDT |
Trying to guess and speculate about the use of a prior-leased car is just that--guessing and speculation. For examples, one comment mentions being leery of a car with lots of miles on it, but it's also imaginable that the car had lots of highway miles, sometimes much kinder to the car than city wear and tear. Fleet maintenance varies widely, as does individual driving patterns and car histories, even within the same fleet. Skip the speculation game--unless you enjoy it--and go with the assessment of a trusted mechanic judging the condition of the car you're interested in. |
Subject:
Re: downside of buying a car that just came off a lease?
From: car_auction_boy-ga on 11 Mar 2005 15:45 PST |
another thing that you should consider doing is purchasing an extended service contract (it's relatively inexpensive for a newer model honda civic). here's some links: AUL Administrators Service Contract http://acacars.com/products/AUL.pdf Wynn's Extended Care http://acacars.com/products/wynns.pdf Western General New and pre-owned Mechanical Breakdown Protection Plans http://acacars.com/products/westerngeneral.pdf Automotive Select Vehicle Extended Service Contract http://acacars.com/products/automotiveselect.pdf good luck to you! |
If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you. |
Search Google Answers for |
Google Home - Answers FAQ - Terms of Service - Privacy Policy |