Car sales today are robust. Now that we have gone through the year end, what we are finding is that the pricing of used cars has stabled a bit. What we are seeing right now is that there are a lot of off-lease vehicles coming onto the market in a big way. So as the economy has gotten stronger, so has the amount of cars on the road. And with new-car buyers grabbing those cars in record numbers, many of them were leases and those are maturing now.
When it comes to car sales today and to a lease vehicle. basically the driver has three choices when they are done with the lease. They either need to turn the vehicle in, trade it in if it is early, or buy it outright. So with that said, this is inventory waiting to happen. And that is now what we are seeing.
Generally the off-lease cars are good ones to buy. People don’t tend to trash them as they will have to pay for damages if they do. Just check that the tires are right and the little things on the vehicles work. Sort of a no brainer.
If you look at car sales today there are some great opportunities. The best thing that you can do is make sure when you are out shopping to use all the tools available for you. Make sure you check the vehicle for all the safety features. And always make sure you drive the vehicle before you buy it.
So if you are out shopping for a vehicle, ask to see the Carfax and see where you go from there.