Buying a used vehicle that was a corporate lease?

Question

What do you think about buying a vehicle that was a corporate lease (one owner). It's a 2002 Dodge Ram with 39K. Also, CarFax shows minor/moderate damage reported in a car accident in 2004. What are some things we should do to protect ourselves?

Answer 1

Generally speaking, corporate lease vehicles have a better maintenance schedule than a private owner. The problem with buying a vehicle that does have a previous accident is that you don't know who actually repaired it, and to what extent the damage did cause. One thing that you can do, is check with the seller, and see if they will let you hold onto the car for a day to get a feel for it. Then take it in to a Dodge dealership, and have one of the *LICENSED* mechanics do a once all. They may charge you $50 or so, but in the long run, it is worth it, especially if they find other major defects. If the seller does have issues with you having the vehicle checked, once again by a LICENSED mechanic, there may be larger issues with the vehicle than you want to deal with. Also, take it through a commercial car wash. This will show you if there will be any major leaks with the seals in the cab. Also, if you go to msn.com website below, you can research the vehicle itself, and what might be potential problems that you will face with the vehicle. Other steps you might want to take are listed at the FTC (Federal Trade Commision)'s website, the link below as well.

Answer 2

In the Carfax website they explain what exactly does "Minor/moderate damage" means.

If there is no big accident involved I would go ahead and look into it. There is really nothing you can do to protect yourself against ANY car sale except to have a mechanic look at the car, really.

Don't let the fact that it was a corporate lease deter you. However, be aware that with these kinds of purchases it's very possible that mileage fraud CAN occur on some cases. Review the Carfax info carefully and see if there are any discrepancies on the mileage record.

It's really no different than buying from a dealership. Alot of ex rental cars and corporate lease cars end up on used lots.

Good Luck!

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Answer 3

It relies upon on how the vehicle replaced into until now pushed, and the only way you could verify it fairly is to have the vehicle checked over completely (and perchance you could ask to have it serviced while you're determining to purchase and paying a solid cost for it). Leasing would not inevitably mean the vehicle has been used and abused - some actual everyone seems to be super careful with their leased automobiles as a results of fact they understand that on the tip of the lease, they are vulnerable to pay for any harm or extra positioned on and tear on the vehicle. That stated, some human beings could thrash their leased automobiles as a results of fact they at the instant are not going to could desire to attend to them extra on down the line. Many agencies lease out automobiles to their workers, as area of a reward kit. they are able to furnish their workers decrease expenses as a results of fact the agencies themselves are receiving company expenses (decrease) from the lease agencies, so that's probable no longer a lie! Get somebody interior the understand to check out the vehicle, and you will want a extra effective thought. yet i does no longer write it off in simple terms yet.

Answer 4

Take it to your local mechanic to make sure everything is alright before you buy it!