Whether you're on the market for a used Porsche, a used Audi, a used Mercedes-Benz, a used BMW or any other exotic vehicle, buying a car off lease is a smart move. Among pre-owned vehicles, off-lease cars present tremendous value:
New vehicles depreciate from the moment you leave the dealership's lot. After 36 months, a leased vehicle will have lost of 40% of its average market value. When you buy a car off lease, you buy right after it's lost the bulk of its value, at a point when the depreciation starts slowing down.
Manufacturers impose strict mileage limits of leased vehicles, with hefty extras for every kilometer over the limit. This means by buying an off-lease car, you can expect a vehicle with significantly lower mileage.
Manufacturers are also very strict when it comes to routine maintenance and repairs on leased vehicles. This is why off-lease cars are typically in excellent condition.
It's no wonder then that leased return cars are so popular: everyone loves a good deal! So how do you buy a car off lease? It's quite simple. As one of Canada's leading automotive leasing companies, Holand Leasing has hundreds of vehicles coming off-lease every year.