Guests - If You want access to member only forums on FM. You will gain access only when you Sign-in or Sign-Up on Fishing Minnesota.

It's easy - LOOK UPPER right menu.

Sign in to follow this  
Followers 0
MIKE IN lINO III

Buying a lease return ???

9 posts in this topic

The wife is looking at buying a lease return. It seems like a decent deal. 2006 Ford Freestyle 27,ooo miles, very clean. $16,000

What are the ups and downs of buying a lease return besides the obvious???

Thanks,

Mike

Share this post


Link to post
Share on other sites

Still under warranty that's good, as long as it was not leased by a 17 year old and beat the thing you should be OK. And make a offer never pay asking price, Print off the Kelly blue book and if it is less show them and offer that price.

Share this post


Link to post
Share on other sites

I've bought two "one owner" vehicles, a 2002 Ford Escort and a 2003 Honda CR-V. The dealer didn't distinguish between one owner trade in or lease returns though, so I am not 100% certain which one my cars would fall into.

The Honda is a Certified Used vehicle which pretty well means it was inspected and has a built in extended warranty. The Escort didn't have the extended warranty, so I had to pay for that.

The problems I've had so far:

Escort (bought with 25k on it)

-new brakes (about 5k miles after I bought the car)

-new tires (about 10k miles afterwards)

-some part in the transmission (about 10k afterwards...covered by warranty)

-new belt (about 20k miles later)

CR-V (bought with 31k on it)

-new battery (25k miles later)

-new rear brakes (27k later)

-new throttle body (30k later)

The upside of the one owner vehicle is obviously the lower price. However, the cars are usually in great shape (physically anyway) since the people knew they'd get in trouble turning in something they beat up. Mechanically, the cars were probably not treated quite as gently as you might treat something you are going to own for a period of time. Plus, you can bet any major expenses (e.g. tires, brakes, 30k mile tune-up) were ignored since the first owner knew they would be returning the vehicle soon.

Now that I've bought two vehicles this way, I can say that it is the customer service at the dealership (not the sales area, but the service area since that is who you'll be dealing with from now on) that makes the biggest difference.

Hope that helps.

Share this post


Link to post
Share on other sites

Did not think about what Water Hazard has a good point at 30k it will need tires soon and maybe a tune up, a good reason to beat them down on the price.

Share this post


Link to post
Share on other sites

A throttle body on a Honda?

That freestyle more than likely has double platinum plugs that should be fine for 75k or more. If it has the 3.0 DOHC I would call around and get some prices on some basic repairs. Tune-up (fair amount of labor involved to remove the upper plenum to remove the back three plugs), Serpentine belt, DPFE Sensor (you will replace at least one of these at some point). Besides the regular service items thats about all that we do on these.

Share this post


Link to post
Share on other sites

I would look at the new/lease return Ford Edge!

A lease return is just like buying any other type of used car out there. Some were taken care of great, while others were not. It’s a crap shoot. They will all need maintenance at one point or another.

The ones I have learned to stay away from is "rental returns". These cars have been all over the page. You can to a history search on a car to find out if it was a rental return.

Some people think this is the cats meow, but I would not lease a new car. Buying a lease return is a total different story.

Good luck!

Share this post


Link to post
Share on other sites

airjer-

Yeah, a throttle body. Unfortunately, that is a problem for the CR-V. I guess there is a sensor of some sort that is bolted right to the throttle body. The sensor ($50) fails and the entire body ($800) has to be replaced.

I expected more from Honda, but what can you do?

Share this post


Link to post
Share on other sites

Quote:

Some people think this is the cats meow, but I would not lease a new car. Buying a lease return is a total different story.


What? now, give me one reason why a person(s) should not lease a new vehicle??

Share this post


Link to post
Share on other sites

Fyi, Ford is not making the Freestyle anymore...something to think about come resale time.

If it's a vehicle you really want to purchase I'd use this fact as a buying point since you can tell them that you're looking at buying a vehicle Ford doesn't even make anymore.

Carsoup (Contact Us Please) com will give you an idea of how your vehicle compares to the market. A quick glance says the miles and price are pretty good.

DB

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.
Sign in to follow this  
Followers 0



  • Posts

    • Cliff Wagenbach
      Lindy rig with 1/2 crawler! 15' to 19' depth. Cliff
    • TNtoMN_HuntFish
      I second Crooked Lake. Super clear water too. I kayaked in there recently and was amazed at how many sunnies are in there. First calm wind day I get I'm gonna get the yak in there and bring my flyrod. 
    • TNtoMN_HuntFish
      I woke up early Saturday tired and letting all the excuses in my head convince me to go back to bed. Cold front, high winds, clear skies. Screw it, I'm going anyway!   Glad I did. The wind was rough for yak fishing but I found them stacked right off a weedline and caught 7 bass within an hour on a stretch less than 75 yds.    Ended the day with the pig of a bass pictured and a nice Pike for dinner. Once the sun came out and warmed up the water I got action on the flats. That's where the big bass and pike came from. 8 bass total, one nice pike, a few short strikes on the flats. Wind sucked and what the heck is up with needing a sweater on the first weeked of Summer?!?! I'm not in the South anymore haha.
    • Cret Jigs
      This bass likes 50F weather and a Senkos 
    • osok
      Despite the occasional rain shower and relentless wind, had a great day on Fish Lake. Decent sized pan fish,  several out of slot, and 3 "eaters"  Walleyes were caught . The kids and wife all caught fish at a pace that kept me busy baiting, netting..(repeat) for a few hours. Not only was I fueling the addiction, but gaining points for future fishing trips. The only low point was when we went "Island exploring", someone was either in a hurry or just completely selfish and left their campsite garbage strewn to the point that it filled a 13 gal garbage bag.  
    • curt quesnell
    • fishingstar
      I use a big zip tie that will slide on and off.
    • OhioVike
      Nice catch Cliff. Were you rigging or bobbering?
    • hayseed
      Probably not what your wanting to hear,  but I bit the bullet for an LX High speed transducer a couple years ago for my LX-6. Run it a couple times before removing it from my boat and going with a Lowrance. I found that on plane I frequently lost sonar and hard to see in bright sun. Hard to eliminate the excess noise as well. Ended up taking a real hard beating on getting rid of it also. Just my opinion, but I recommend checking out the Garmin Strikers or comparable Lowrance instead for the money. Love my LX for the ice, but it will remain my ice unit. 
    • ZachD
      How did you do?