This Summer May Be a Gold Mine for Buying Pre-Owned Cars - NBC 5 Dallas-Fort Worth


This Summer May Be a Gold Mine for Buying Pre-Owned Cars



    When car sales were down a couple years ago, many automakers leased a large number of cars for great prices. Now that those cars are nearing the end of their leases, you may be able to grab a good deal on a used car. (Published Monday, May 29, 2017)

    You don't even have to be in the market for a new car to check out the latest news from car makers.

    If you're OK with a car that's a couple years old, this may be the year to buy. Dealers are bracing for an influx of three- to four-year-old cars.

    Car sales were down from 2012-2014 as the country fought back from the recession. Many people couldn't get auto loans, so car makers offered low-priced leases to sell cars.

    But now the deals are coming back around for pre-owned cars.

    Infiniti, for example, offered super low deals on 75 percent of every Q50 sedan that was made in 2014.

    Those leases are up and all these cars will be coming back to the dealership for several automakers.

    About 3.5 million cars will come off lease this year. The large number means you can expect more deep discounts to help the car lots get rid of them.

    So if a sedan is in your future, you may want to look on the used car lot in coming weeks.

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