What Is a Corporate Fleet Lease Vehicle?

A corporate fleet lease vehicle is a car that was leased to a corporation or was part of a fleet. Corporations often lease vehicles for executives and employees, which are used as "company cars."

Types

Vehicles that were part of a government fleet or have been used as a rental vehicle can also be labeled as corporate fleet lease vehicles. Government agencies often rent large fleets of cars for their employees or agents. These vehicles are later sold to the public.

Warning

Corporate fleet lease vehicles are often driven harder than private party vehicles, and these vehicles are often not properly maintained. Fleet vehicles tend to have higher mileages as well.

Considerations

After being used for a few years, fleet vehicles are sometimes sold at auction. They are also sold by the fleet department at a dealership. These cars can be a good deal, but they should be checked out thoroughly by a mechanic before buying.