Depreciation Advantage:
Off-lease cars have already weathered the initial depreciation hit. Unlike new cars that lose value when driven off the lot, off-lease cars enter the used market with a more stable value.
Auction cars, on the other hand, may not have this advantage and could experience more significant depreciation.
Condition and Maintenance:
Off-lease cars are usually well-maintained because lease contracts often require regular servicing and low mileage.
Auction cars vary widely in condition, and some may have been neglected or poorly maintained.
Age and Mileage:
Off-lease cars are typically only a few years old and have relatively low mileage.
Auction cars can be older and may have higher mileage, depending on their history.
Price:
Off-lease cars come at a discount compared to new cars, making them financially appealing.
Auction cars’ prices can vary, but they may not always offer the same depreciation advantage.
Remember to thoroughly inspect any used car, whether off-lease or auction, and consider your budget and preferences before making a decision! ????
Sources:
The Ultimate Guide to Off-Lease Cars
The Benefits of Buying Off-Lease Cars1
