Where do all the new cars come from?

Question

Im looking for a car to buy and have realised that there are 1000s of cars for sale that are less than 18months old.

Where do they come from and why would someone sell a car that they had owned for such a short period of time. If the cars are so much cheeper to buy at 18 months old, surely the original owners are losing a hell of a lot of money.

Answer 1

some of them might be repos.

Answer 2

A lot of these cars are ex-lease cars that are being returned before they exceed their allowed mileage. Many are from salespeople that use their car for work all day, every day. These can be a great buy - the mileage is high for their age (often 30k to 34k), but since it's almost all highway miles, the cars are in very good mechanical condition (the engine stays warmed up most of the time, few cold starts, brakes haven't been over-used...) My current car was one of these - '01 Focus ZX3 5-speed. 18 months old, 34k miles. Now up to 90k, and no significant problems so far.

These are cheap because the previous owners/leasers don't want to go over the allowed mileage and get hit with penalties, and the dealers want to get rid of them quickly because more are coming in each day.

Answer 3

There are various sources for these kinds of cars.
-rental companies disposing of stock after it reaches a certain age and/or mileage
-fleet companies doing the same
-dealers disposing of demonstrators or stock they can't sell

There is something also in what someone else said about people who are loaded and changing their car often. Basically, people who get a car allowance just change their car every 12/18 months. The payments stay the same but they can change their car as they will never own it outright...

Answer 4

A lot of them would come from Rental copanies who change their cars very regularly. Car dealerships have lots of cars they use as demo models and only keep them for 6 months or so before selling them on. And you're right people who buy new cars lose a couple of grand the minute they drive out the showoom door. Don't understand it myself.

Answer 5

The cars initially come from a thing called a "car factory", then from the previous owner. Is this a trick question?
They could be selling them because they don't like them, or they may be giving a lot of trouble.
Yes - they are possibly losing a lot of money if you based your assumption that they initially paid the manufactures list price.

Answer 6

I think alot of these are fleet cars. Some cars are only kept for a year.

also a lot of cars that come off the production lines are over ordered, therefore they have to try and get rid of them to make way for the new designs.

Answer 7

they are cars that have been leased wich means that they make payments on it for a set time like 1 year or sometimes 2-3 then they return it to the dealership and select another cheaper than owning plus you get a new car every time your lease is up
get a carfax on them and make sure they are good

Answer 8

They're loaded. Or, they simply wanted a new car and now want to get rid of it while it's still worth more than 50p. If they already went down that much in 18 months, imagine what they'll be worth later. Or, they're leaving the country.

Answer 9

Alot of these have been owned by people who have had the car paid for on a disability scheme, and they get to change them regularly. They registar for a limited yearly milage, and they always usually have a full service history.
Or they have come from a hire company.

Answer 10

Some people don't mind buying a car, owning it for a year, then buying the newest model.

If they want to waste their money that's their problem.

Answer 11

Leases, rental cars,some might be trade ins. But in either case I would steer clear of them. If it has a lot of miles I'd bet it was a rental car.