Late Model Used Cars Offer Big Savings

Most everyone knows that while it's a thrill to buy a brand new car, it's a lot more expensive than buying a used car. In fact, new cars lose about 20% of their value in the first year of ownership, according to Michael Medeiros, owner of Wholesale Autos R Us, a Diamond Certified company. One of the best values for consumers is a late model lease return.

A previously leased vehicle is usually a fairly new car, two to three years old. The owners are motivated to maintain their cars because they're penalized for excessive wear and tear when they turn them in. Mr. Medeiros says the typical lease return has around 45,000 miles on it, and the best part is that these automobiles are still covered by the manufacturers' warranties. If you want to make sure a previously leased car has not been in an accident, run a check yourself through CARFAX for $24.99
(www.carfax.com).