Leased car - How many "owners"? | FerrariChat
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Leased car - How many "owners"?

Discussion in 'Ferrari Discussion (not model specific)' started by Jagbuff, Dec 11, 2010.

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  1. Jagbuff

    Jagbuff Formula 3

    Jan 13, 2004
    2,267
    Site of US F1 Race!
    Full Name:
    Franck
    #1 Jagbuff, Dec 11, 2010
    I am looking at a car where the CarFax shows that the car was leased from new and only has one owner. I am not too familiar with leasing but understand that to it is pretty common with higher end cars. Question, when it is leased, does carfax show the car as owned by the lessee or lessor? Is it possible that Carfax shows one owner (leasing company) but the car have multiple lessors as long as the leasing company always kept the car?
     
  2. kaisen

    kaisen Karting

    Nov 15, 2005
    223
    Minneapolis
    #2 kaisen, Dec 15, 2010
    Carfax follows the number of registered lessees. It is very rare for a car to be leased, then re-leased by the same institution.
     
  3. SrfCity

    SrfCity F1 World Champ

    Nov 1, 2003
    10,142
    Orange County, CA
    #3 SrfCity, Dec 15, 2010
    What if the car got repoed? Is it then sold at an auction or can they re-lease it?
     
  4. Kds

    Kds F1 World Champ

    May 1, 2003
    10,994
    Canada and Brasil...
    #4 Kds, Dec 16, 2010
    Last edited: Dec 16, 2010
    Untrue......a good leasing company (talking expensive cars here) will have a portfolio of clients and their units that they constantly keep leasing over and over to different customers as they get turned in. Dealt with a leasing company that specialized in high end cars and exotics for 15 years that did just this. As a dealer I have resold the same car up to 3-4 times to different owners over a 7-8 year period as well.
     

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