An off-lease vehicle is a car or truck that a consumer leased for a set term and returned at the end of that agreement. These vehicles are typically two to four years old, have known service histories, and were required to meet manufacturer maintenance standards during the lease.
Off-lease vehicles tend to be newer, lower-mileage, and well-maintained compared to other used inventory sources. They are predictable in condition and history, making them easier to recondition, price, and sell.