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.
If you want to take over an existing lease or buy it out mid-term, platforms like Swapalease and LeaseTrader connect you directly with current lessees. where to buy used leased cars
Buying a used leased car (often called an vehicle) can be a smart move because these cars are typically 2–3 years old, well-maintained due to lease contracts, and have already undergone their steepest depreciation. Where to Buy Off-Lease Cars If a friend’s lease is ending and you
Sites like CarMax and Carvana often stock large inventories of former lease vehicles because they offer fixed, no-haggle pricing. Buying a used leased car (often called an
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 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
