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Edmunds cites factors like low lease volume in general, which means fewer off-lease cars coming to market, low trade-in volume compared to 5 years ago, and fewer off-rental vehicles being turned ...
Maintaining aging inventory costs dealers both money and reputation. Most vehicles sold are off-lease returns, replaced rental fleets, company cars, repossessed vehicles, and trade-ins. [22] Off-lease: vehicles returned to the financial institution at the end of a lease term.
In the novel and 1996 film Matilda, Matilda's dad was a second hand car dealer who would use an electric drill to reverse the cable-driven odometer. Odometer fraud was depicted in the opening scene of the 1980 film Used Cars and by Danny DeVito 's character.
Off Lease Only, a Palm Beach County-based auto seller with locations in five Florida cities and one in Texas, has permanently closed and is laying off 466 Florida workers, the company announced in ...
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
They may be better than buying new, but rising used-car prices are a problem. Current market conditions are pushing older, more worn vehicles into CPO programs. They may be better than buying new ...
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