What are the pros & cons when considering the purchase of a used Corporate/Leased vehicle?

Tough to know whithout checking it out. If you like what you see when you get out there, I'd have a PPI completed. Pre-Purchase Inspection at a seperate dealer or mechanic to have them look it over for you if something is glaringly wrong. Worth the extra $100 if your serious.

That is an excellent answer from Tom. Ditto.

You have to make sur all the servicing has been done! Timing belt, etc. Sometimes it's better to pay a bit more to get one with less mileage. Else after a year you can end up haviing high maintenance fees.

CONS = a lot of different drivers used the car and didn't care about it. High mileage vehicles. Does the vehicle was often fully loaded or it was highway mileage? They preobably didn't car about scratches or paint. Resell Value Low. PROS = Servicing should have been done. Cheaper to buy.