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Used Car Advice - Multiple Owners
I'm currently in the market for a used car, and found one that seems to meet my requirements in terms of options, mileage, etc. It’s a 2016 model with 33,000 miles and is certified pre-owned, which would give me warranty coverage through July 2021.
The only thing that gives me pause, however, is the ownership history. According to the Carfax, the first owner leased the car for less than two months and drove about 900 miles. Then, the second owner leased the car for 1 year and 10 months, before returning it to the dealer. The relevant history is below. I guess it’s possible based on the history that the second owner assumed the first owner’s lease and that the lease was only for two years, although I was under the impression that most leases were at least three years. Even though it is CPO, should I be concerned that the car has been returned from lease twice in such a short time? Thanks!
Owner 1 (Personal Lease, 7/6/16–8/26/16, 908 miles):
07/06/2016 – Vehicle purchase reported; Titled or registered as personal lease vehicle
07/08/2016 – Registration issued or renewed
07/22/2016 – Title issued or updated; First owner reported
07/27/2016 – Vehicle purchase reported
08/12/2016 – Registration issued or renewed; Loan or lien reported
Owner 2 (Lease, 8/26/16–7/17/18, 32,113 miles):
08/26/2016 – Title issued or updated; New owner reported; Loan or lien reported; Titled or registered as lease vehicle
05/01/2018 – Registration issued or renewed; Loan or lien reported; Titled or registered as lease vehicle
07/17/2018 – Lease vehicle returned to dealer
07/18/2018 – Vehicle offered for sale
The only thing that gives me pause, however, is the ownership history. According to the Carfax, the first owner leased the car for less than two months and drove about 900 miles. Then, the second owner leased the car for 1 year and 10 months, before returning it to the dealer. The relevant history is below. I guess it’s possible based on the history that the second owner assumed the first owner’s lease and that the lease was only for two years, although I was under the impression that most leases were at least three years. Even though it is CPO, should I be concerned that the car has been returned from lease twice in such a short time? Thanks!
Owner 1 (Personal Lease, 7/6/16–8/26/16, 908 miles):
07/06/2016 – Vehicle purchase reported; Titled or registered as personal lease vehicle
07/08/2016 – Registration issued or renewed
07/22/2016 – Title issued or updated; First owner reported
07/27/2016 – Vehicle purchase reported
08/12/2016 – Registration issued or renewed; Loan or lien reported
Owner 2 (Lease, 8/26/16–7/17/18, 32,113 miles):
08/26/2016 – Title issued or updated; New owner reported; Loan or lien reported; Titled or registered as lease vehicle
05/01/2018 – Registration issued or renewed; Loan or lien reported; Titled or registered as lease vehicle
07/17/2018 – Lease vehicle returned to dealer
07/18/2018 – Vehicle offered for sale
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2023 Mercedes EQE 350 4Matic / 2022 Ram 1500 Bighorn, Built to Serve
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
Math skills are lacking today. Hopefully, not tomorrow too.
in any case, if the car is clean, being a CPO I would not worry about the first 900 miles at this point.
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
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