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buying Best deals for off-lease used cars under $15,000

04:07  29 july  2020
04:07  29 july  2020 Source:   cnet.com

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Off - lease used cars are typically a very compelling option since leases are restricted to mileage limitations, and generally, they're taken care of. So for you car shoppers on a budget, we have the latest study from iSeeCars that looks at the best deals on off - lease used cars under $ 15 , 000 .

In Pictures: 10 Best Deals In Off - Lease Used Cars . Keep in mind that any used -vehicle’s transaction price will vary depending on how a it’s equipped, its That’s why it’s always prudent to have a trusted mechanic carefully inspect any used car or truck under your consideration to get an impartial

New vehicle prices continue to climb. That's a fact. And amid an iffy economy while the coronavirus pandemic continues, a new car purchase likely isn't a high priority. A used car? That's quickly become a far more popular choice among Americans.

a car parked on the side of a road: The standard Ford Fusion is one of many potential deals. Jon Wong/Roadshow © Provided by Roadshow The standard Ford Fusion is one of many potential deals. Jon Wong/Roadshow

Off-lease used cars are typically a very compelling option since leases are restricted to mileage limitations, and generally, they're taken care of. It also means the cars are still rather new. In some cases, the automaker may not have made any changes to the particular model.

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Here are the best lease deals under 0 this month. Used Car Deals this Month. Compare Used Cars . It saves shoppers an average of more than , 000 compared to average MSRPs.

9 Lease Deals for July. MSRP: $ 15 ,265. For many car shoppers, leasing a car is a convenient option that minimizes monthly payments and eliminates many headaches that come with ownership. In some cases, you'll need to pay upward of , 000 in drive- off fees to make the deal possible.

So for you car shoppers on a budget, we have the latest study from iSeeCars that looks at the best deals on off-lease used cars under $15,000. There's lots of data for cars here, but we'll highlight the bargains this time around, even if there are utterly massive savings on cars like the Audi A6, BMW 3 Series and others.

Topping the chart for the best deal on a three-year-old vehicle is the Ford Fusion Hybrid. Part of its first-place finish is its utterly shocking depreciation of 54.9% in the past three years. However, it makes the sedan a fuel-sipping steal at just $13,565 on average. The standard Ford Fusion sits behind it in second place, with an average price of $14,663. The fact Ford discontinued this car likely helps create the low prices, too.

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Off - lease cars can provide significant deals for used car shoppers, but some are better deals than others. As an influx of off - lease vehicles is expected to enter the market this summer, a new study by car search engine iSeeCars.com reveals which 3-year-old used cars depreciate the most to present

Any Mileage Under 10, 000 Under 20, 000 Under 30, 000 Under 40, 000 Under 50, 000 Under 60, 000 Under 70, 000 . Pursuant to 49 U.S. Code § 30112 (b)(1) Off Lease Only Inc. is exempt from the Federal Statute which prohibits selling noncomplying motor vehicles and equipment that may have an

Nab a bargain with these off-lease used car deals

Three different sedans round out the top five models: the Volkswagen Passat with an average price of $14,447, the Kia Optima ($14,613) and Nissan Altima ($13,718). Keep in mind as you read this, these cars are 2017 or 2018 model years, depending on when the cars originally shipped out. Again, there will be a lot of modern amenities packed into the cars along with massive savings. For example, the three-year-old Passat would cost almost $11,000 more if you walked in asking for a 2020 model.

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Search over 214,386 used Cars priced under $ 15 , 000 . TrueCar has over 711,833 listings nationwide, updated daily. Come find a great deal on used Cars in TrueCar does not broker, sell, or lease motor vehicles. Unless otherwise noted, all vehicles shown on this website are offered for sale by licensed

Any Mileage Under 10, 000 Under 20, 000 Under 30, 000 Under 40, 000 Under 50, 000 Under 60, 000 Under 70, 000 . Pursuant to 49 U.S. Code § 30112 (b)(1) Off Lease Only Inc. is exempt from the Federal Statute which prohibits selling noncomplying motor vehicles and equipment that may have an

a car parked on the side of a road: Up front, the Fusion Sport receives a black mesh grille and unique fog lights. © Jon Wong/Roadshow

Up front, the Fusion Sport receives a black mesh grille and unique fog lights.

Landing in the sixth spot is the Hyundai Sonata, which costs on average just $14,869, thanks to a 42% depreciation factor. Behind it sits the list's only crossover, the Chevrolet Trax, with an average cost of $14,793 Two compact cars finish toward the bottom, the Hyundai Elantra and Nissan Sentra at $12,369 and $11,859, respectively, before the Kia Soul rounds things out in the tenth spot. It costs an average of $13,336 for a three-year-old model.

If you're wondering how vehicles are ranked, it all comes down to depreciation, which you can see in detail in the chart below. The study showed similarly priced cars sustained an average depreciation rate of 39.4%, which makes some of these cars far less valuable.

Knowing these cars are only three years old, they likely haven't reached the bottom of their depreciation curve. That won't make them great for resale in the near future, but it does help create stellar bargains in the here and now.

This was originally published on Roadshow.

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