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January 19, 2014

Where to buy Ex-Lease Vehicles in Australia

If you’re looking for great value in used vehicles, you might want to consider the option of buying an ex-lease vehicle in Australia. Ex-lease vehicles are usually in good condition and only have a few years of use on them, as well as having a full service history, thus making them great value for money purchases. This, in turn, will enable you to enjoy the services of a well functioning car without having to burn a hole in your pocket.

There are a number of advantages in buying an ex-lease vehicle, but you have to do diligent research before you decide where to buy it from. Here are a few points you might want to consider –

  1. Specialized dealers – The first thing you might want to do is to find out dealers who specialize in ex-lease vehicles. Car dealers usually have dedicated customer following, and it is very easy to find out about the reputation and quality on offer by going through customer feedback and reviews. When you are convinced that you have the right dealer, you can start looking for the make and model you want to negotiate the rest of the details.
  2. Car auctions – Another great place to buy ex-lease vehicles in Australia is to attend car auctions. A number of car auctions feature ex-lease models, and might save you some money in the long run owing to the auction format. However, you need to be cautious, set a price and not overshoot it during the auction.
  3. Internet – Also one can tap into the vast information pool offered by Internet, to know where to buy ex-lease vehicles in Australia. Check out for on-line listings for cars on sale in local classified advertisements and user forums, and choose from a large number of different options. You need to do careful research before making an actual on-line purchase, to stay free of risks.
  4. Lease companies – Some lease companies, such as Street Fleet, hold second hand dealer licenses so can sell direct to the public. Aside from the above mentioned benefits, buying from a leasing company also allows you to quickly and easily obtain finance; particularly novated lease finance as the vehicle is already known to the lease company. However, unlike dealers, leasing companies cannot hold stock for long periods so you need to contact the company well before a lease is due to expire. Street Fleet publishes a list on their website showing expected ex lease vehicles in any given financial year. 
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