Why would anyone sell a near-new car for 30%+ off *unless* they knew the vehicle is crap?
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Buying lightly used (~3 year or ~5 year) cars is likely the superior strategy. There's a set of rich buyers who want to keep up with the latest trends. This leads them to leasing vehicles for 2, 3, or so years. Other times, they have enough income that they can just buy new entirely but sell within 5 years when nicer technology comes out.
There's likely nothing wrong with a 3-year-old car. Its just that the lease is up so they're moving on.
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In contrast, think of the kind of person who buys new at like $40,000 and then turns around and immediately tries to sell the vehicle 6 months later for $25,000. There's probably something very wrong with that car.
Anyone selling just a few months after buying is someone who actively regrets their decision to buy.
I talk about Germany specifically so.
Once, I bought a car new. Will never do it again, used (somehwere between one and four years) is the way to go.
On a side-note, do you have any company or website you would recommend for ex-lease vehicles buying in Germany? Or do you simply go to your local car dealers and ask for their second-hand offerings?
Jaguar Land Rover is pretty decent, they offer two year warranty. Prices are OK, if you have time to shop around or wait, since the value loss is, for whatever reason, higher than comparative German Premium brands. Service costs are reasonable as well (compared to Ford, Peugeot and free garages). You basically get a lot of car for your buck, plus you don't see those a dozen time between ypurbplace and the supermarket every day.
One heads-up so: Jaguar Land Rover dealerships are independent (some kind of frnachise system would be my guess), so experience can, and does, vary a lot between dealerships.
Another source would be exihibition cars and those registered for a single day (done to drive numbers, so propably not a thing at the moment, I haven't checked in a while).
Asking for a leasing return cars at ypur local brand dealership for sure is an option as well.
So you know over the 3 years of leasing, there were ~6 maintenance visits, and without manual transmission there's no worries that someone else burned out the clutch.
I've never leased before, and IIRC leasing agreements differ from dealership to dealership. But the overall expectation is "free maintenance", but "required maintenance". You have to come in if you want to keep the lease in good standing, otherwise you have to pay a penalty later.
Change of life. New kids, divorce, relocation to a city, got a UTV that needs something to tow it, lost a job and need the cash, died, started carpooling, etc.
If you don’t need a car anymore and are very certain you won’t, there is no point in dragging out the ownership. Taking a big loss immediately is better than waiting 2 years and also paying insurance and registration the entire time.
Many states have lemon laws and actual garbage has to be taken back by the dealers after X number of repairs. The people selling at a steep loss don’t have a lemon in those states.
You’re a lot less likely to get a lemon buying near new than you imply.
This is pretty old advice, inaccurate for any car worth it's salt that you're buying.
Good luck buying a slightly used Toyota for 1/2 cost, it's more like 6% off each year.
Go do a search for 2019 and 2020 Ford F150s or Toyota Tundras. They almost all list at half MSRP.
https://sfbay.craigslist.org/search/cta?max_auto_year=2020&m...
Not seeing any $17k Tundras. ($33k msrp)
We have: $39k, $40k, $39k, $42k, $38k, $39k, $45k…
He’s done this for ~ten years now.