NEW YORK–(BUSINESS WIRE)–Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired an 80% interest in Off Lease Only, LLC (“Off Lease Only” or the “Company”), a leading independent, used-car dealer in the United States.
Most auto leases provide the leasing customer with the option to buy their car at the end of the lease, or buy prior to the end of the lease. This is called a “lease buyout.” To buy out your lease at lease-end simply means you purchase your vehicle from the lease company –…
Offering customers thousands less than other dealers on used cars through a transparent process, Off Lease Only has sold cars to hundreds of thousands of satisfied customers and continues to have an inventory of about 5,000 cars at any given time.
Off Lease Only has a selection of around 5,000 used cars at its four Florida locations. The company also sells cars through its website and works with third-party companies to deliver cars across the globe. With Off Lease Only, customers can request virtual tours and place a hold on a car with a $500 deposit.
More Answers On Who Bought Off Lease Only
Cerberus Acquires Off Lease Only – Cerberus Capital Management
Cerberus Acquires Off Lease Only NEW YORK – November 15, 2019 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired an 80% interest in Off Lease Only, LLC (“Off Lease Only” or the “Company”), a leading independent, used-car dealer in the United States.
Cerberus Acquires Off Lease Only | Business Wire
Founded in 2004, Off Lease Only, LLC is The Nation’s Used Car Destination and one of the largest volume used-car dealerships in the United States, with four state-of-the-art retail locations in …
Why Buy From Off Lease Only
Why Off Lease Only UNRIVALED INVENTORY We have buyers scouring auctions all over the country to curate the most incredible selection of the lowest-priced, late-model, low-mileage used vehicles. Selection LOW PRICES & FINANCING We can offer incredibly low used car financing rates to our customers regardless of credit history. Easy Financing
Off Lease Only | Used Cars for Sale In Florida | Used Car Dealer
Off Lease Only proudly stands behind every one of our vehicles. Each one comes with a free CARFAX and a free AutoCheck report. Plus, we provide a third party inspection report for vehicles that are identified as “Previous Accident.” We do this because we want you to have the tools you need to have an informed buying experience. View Inventory
Used Car Dealer | Pre-Owned Vehicles | About Off Lease Only
Off Lease Only began with a vision to provide a unique and transparent used car buying experience that was unlike any other dealer’s. The Founders Mark and Eileen Fischer started with just two cars and their life savings, and grew their business into one of the largest volume used car dealers in Florida.
Off Lease Only: Reviews, Complaints, Customer Claims
Off Lease Only – For a chrysler pacifica – charged almost $4,500 gap + extended warranty Hello: I bought it, a Chrysler Pacifica 2018, with only 23, 900 miles. NO fully equipped, I planned to save money by giving $5, 000 cash. Now I owe $38, 000 for 72 months!!! Approx for a minivan who really cost $24, 600.
Off Lease Only – I would not recommend buying from them
pawn it off to a wholesaler for almost nothing. The offer on a trade for my 2012 Camry XLE is around $2, 0000. Do not, under any circumstances, purchase a vehicle from Off Lease Only. They only take in vehicles with high miles, that had been in accident, has structural damage, etc. In other words,
Off Lease Only
Off Lease Only has a great selection of used cars, trucks, and SUVs for sale in the Bradenton, Broward, Miami, Orlando, and West Palm Beach areas. … We bought this car in June 2017, and it has been terrific. No problems, and free service until 25,000 miles from the dealer. One issue was when the car was struck by a stray cable in a strong …
Buy Used Cars for Sale near Me – Off Lease Only
Off Lease Only LLC advises its buyers to check the accuracy of the information given by any and all means at their disposal prior to purchasing the vehicle. Features and options are descriptive of what may be on the vehicle. The customer prior to purchase should verify actual options. All vehicles are subject to prior sale.
offlease only dealer ship – myFICO® Forums – 4559585
I’m new here but I bought a used 2015 Chevy Equinox from the Off Lease Only Orlando, Fl location in Sept. 2015. They beat other local dealer’s pricing by a longshot. I had a wonderful experience and I am actually considering buying a bigger SUV from them before the end of the year.
Top 2,561 Off Lease Only Reviews – ConsumerAffairs
6 days agoExporters and dealerships can order cars from Off Lease Only, and the company offers financing. The dealership sells multiple extended service agreements that last for up to 10 years with unlimited…
Car Lease Buyout – Good Idea or Not? – by LeaseGuide.com
Jul 12, 2021There are two kinds of car lease buyouts: 1.Lease-end buyout (at normal end of lease) 2.Early buyout (before normal end of lease) 1. Car Lease Lease-End Buyout Buying your vehicle at the end of your lease is sometimes a good option, and sometimes not, depending on the details of your particular situation.
2 investment firms make major dealership acquisitions
Cerberus Capital Management, which currently possesses more than $42 billion in assets, recently acquired an 80% interest in Off Lease Only, a leading independent dealership group based in Florida.
Off Lease Only Orlando | Florida Used Car Dealer near Me
Directions to Off Lease Only Orlando You can start your search for a used car by visiting us at 8443 McCoy Rd in Orlando, FL. We’re conveniently located for our friends coming from Palm Bay, Riverview, Lakeland and beyond, so stop by today, give us a call at (407) 270-0599 or use the contact form to reach out to a member of our team!
Off Lease Only Blog | Latest News & Updates
Off Lease Only has a huge inventory of these beautiful, fuel-effecient used Hyundai Sonata for sale, ranging in price from $13,999 to $15,999. Our used Hyundai Sonata have mileage ranging from 34,273 to 57,014 and are all under an impressive 5-year, 60,000-mile factory warranty (applicable to second owners) that sets this brand apart from others.
Should You Buy an Off-Lease Car? | News | Cars.com
Nov 10, 2021Off-Lease Vehicles Still Have Risks It’s still a used vehicle and requires the same checks Foremost is to get a vehicle history, such as a Carfax report, to verify details including previous…
Buy Cars Online | Auto Delivery Near Me – Off Lease Only
When you find the used car (or cars) that seems right for you, contact us by phone (1-866-514-0929), email or chat. One of our Off Lease Only Experts will take you on a Live, Virtual Vehicle Tour to help you decide which car is perfect for you. It’s that simple! Reserve and Protect Your Investment
Off Lease Only Miami | Buy Used Cars in Miami, FL
Thanks to our convenient location at 5580 NW 145th Street in Miami, FL, it’s easy to get to Off Lease Only Miami from Hialeah, Miramar and beyond. Call Off Lease Only Miami at (786) 439-2277, or use the contact form to reach out to a member of our staff. We can’t wait to make you our next happy customer. No hidden fees!
Off Lease Only Thousands of Used Cars, Used Cars Priced Thousands Below …
Off Lease Only offers the most incredible selection of one-three year old cars, trucks, suvs and vans, and will save you a significant amount of money by avoiding buying brand new. No stress of negotiating price and a five day/500 mile free exchange policy offer additional peace of mind to your used car, trucks, suv or van buying decision.
Off Lease Only, LLC | Reviews | Better Business Bureau® Profile
2 days agoWe bought a car at Off Lease Only beginning of April 2021. Love the truck. Our experience there was amazing. It was the best car purchase experience yet. Tavaris was professional, helpful and…
Car Lease Buyout | DMV.ORG
The most common of the two buyout options, a lease-end buyout requires you to pay the residual value of the vehicle at the end of the lease contract. What the car is expected to be worth at the end of the lease. Usually agreed upon at the beginning of the lease and written into the lease contract. Can sometimes be negotiated before you sign.
144 Complaints & Reviews: Off Lease Only, Inc | TrustLink
Off Lease Only, Inc. Lake Worth, FL 33461-4030. Rating – based on 144 reviews & complaints. OffLeaseOnly is the largest used car dealer in Florida. We have the largest selection of used cars for sale in one location at thousands below retail.
Lease Buyout Beware! | Edmunds
It’s called a “third-party buyout.” The buyer pays us our price, we pay the bank the residual amount of the vehicle and the bank hands the new owner the title. Then the new owner goes to the DMV …
NY Off Lease – Copiague, NY | Cars.com
Welcome to NY Off Lease. Here we are a full service used auto dealer conveniently located on the border of Suffolk and Nassau County. Our inventory includes Audi BMW Chevrolet Dodge Honda GMC Ford…
Buy an Off Lease Only Used Volkswagen and Save Thousands!
DRIVERS WANTED. BUY OFF LEASE ONLY USED VOLKSWAGEN AND SAVE THOUSANDS! Driving a used Volkswagen has never been easier and more affordable. Shop Off Lease Only huge selection of used Volkswagens and find the used car of your dreams for thousands less than you ever thought possible. Whether you are looking for a used sedan, SUV, wagon or …
Does Off Lease Only Negotiate? – Auto-intell News
Jul 26, 2021How Off Lease Only Work Buying a used Vehicle is a risky endeavor. You should take proper precautions to ensure that you buy a good car that won’t be a liability instead of becoming an asset. Off Lease Only is the biggest dealer of used cars in Florida. The company sells more cars than other dealers.
The Benefits of Buying Off-Lease Cars – CARFAX
Sep 17, 2021Price and value: The first owner has taken care of the biggest hit on depreciation, so off-lease cars will be less expensive than new cars. Warranty: An off-lease model is likely to have a lot left on the original manufacturer’s warranty (typically three years or 36,000 miles, whichever comes first). The personal care of the vehicle by the …
Off Lease Only sells two South Florida locations for $50M
Off Lease Only, the used car dealership, sold its Fort Lauderdale and West Palm Beach locations in a $50 million deal. … The company bought the Fort Lauderdale location for $7.5 million in 2015 …
Off Lease Only Is More Customer-Friendly Than Ever!
The Lake Worth dealership currently occupies a car lot at 3531 Lake Worth Road. A sprawling new dealership is planned for 1200 S. Congress Avenue. All trade-ins are being sold from a leased property at 1575 S. Military Trail known at the Value Lot. Off Lease Only also operates a Miami dealership at 5580 NW 145 Street.
Should You Buy an Off-Lease Car? | News | Cars.com
November 10, 2021. Buying a vehicle that’s been returned on a lease is a good way to get a relatively new and lightly used car, one that might even have some of the factory warranty remaining …
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