If a friend’s lease is ending and you want their car, they usually have "first right of refusal" to buy it at a set residual value. They can buy it out and then sell it to you, though you should check your state's tax laws to avoid paying sales tax twice.
Request a CARFAX report. Lease agreements require regular servicing, so most off-lease cars should have a complete maintenance record.
You can find these vehicles through several professional and private channels: where to buy used leased cars
Some off-lease inventory is sold at auctions like ACV Auctions (for licensed dealers) or Exleasingcar (international). How to Buy an Off-Lease Car (Step-by-Step)
Most off-lease cars are returned to dealerships and sold as Certified Pre-Owned (CPO) . These often come with extended warranties and have passed rigorous inspections. If a friend’s lease is ending and you
If buying from a dealer, determine if the CPO warranty is worth the typically higher price tag compared to a standard used car. Pro Tip: Buying from a Friend
Use Kelley Blue Book or Edmunds to find the fair purchase price for the specific model and mileage. These often come with extended warranties and have
Shop for a loan at a bank or credit union like Navy Federal before heading to the dealer to ensure you get a competitive interest rate.