off-lease
No longer rented
Off-lease describes vehicles or equipment returning to the market after a lease contract ends.
An off-lease car has been driven for a set period—typically two to four years—then returned to the dealer or leasing company for resale.
These vehicles often represent good value: relatively new, regularly maintained per lease terms, but priced below new models.
I bought a certified off-lease sedan with low mileage.
Wheeled motor vehicle
- sedanEnclosed passenger car
- SUVRugged passenger vehicle
- truckHeavy freight vehicle
- dealershipLicensed retail seller
mileage · certified · pre-owned · inventory · fleet · wholesale · auction · trade-in
Furnish or stock
- glutExcessive surplus
- pricingEstablishing monetary amounts charged
- wholesaleBulk sales to merchants
- demandForceful request or requirement
volume · availability · surplus · influx · CPO · retail · margin · cycle
Go back again
- expirationEnd of validity
- contractEnforceable written agreement
- termFixed period or word
- buyoutPurchase of controlling interest
residual · equity · inspection · wear · fees · disposition · turn-in · paperwork
car
Wheeled motor vehicle
dealership · mileage · certified · pre-owned · inventory · fleet · wholesale · auction · trade-in · resale
supply
Furnish or stock
demand · volume · availability · surplus · influx · CPO · retail · margin · cycle · trend
return
Go back again
- expirationEnd of validity
- contractEnforceable written agreement
- termFixed period or word
buyout · residual · equity · inspection · wear · fees · disposition · turn-in · paperwork · penalty
- secondhandused, pre-owned, preowned, secondhand, hand-me-down
- vehiclescar, bus, truck, van, bike
off-leasenew
Recently created or begun
brand-new · private-sale · trade-in · fleet vehicle · repossessed
off, lease, leased, leasing, leaseback, leaseholder, leases, lessee, lessor