Can you lease a car with high mileage?

Instead of paying extra fees, you can choose a high mileage lease to accommodate your needs. When leasing a vehicle, you have a mileage limit that you can’t exceed. If you do go over this limit, you have to pay extra fees. Instead of paying extra fees, you can choose a high mileage lease to accommodate your needs.

What type of driver would prefer a leased car?

You’re a low-mileage driver. If you typically log between 10,000 and 15,000 miles per year, a leased vehicle could be the ideal choice for you. Just be aware that if you exceed the mileage listed in your contract, you could be charged a hefty fine at the end of your term.

Is it better to buy or lease a luxury car?

Yes. That’s because dealers of luxury cars are offering lower leasing payments that make their vehicles much more attainable. Of course, with a lease, you never own the car outright. That’s why, in general, Consumer Reports recommends that you purchase a car as a long-term hedge against its depreciation.

What is the highest mileage lease available?

You can negotiate a high-mileage lease—up to 30,000 miles per year—but you’ll pay extra for the increased depreciation.

How much more does a high mileage lease cost?

What is a High Mileage Lease? Car leases come with a mileage limit, which is typically between 10,000 and 15,000 miles per year. Exceeding the mileage limit results in additional fees, up to 25 cents per additional mile.

Should a new driver lease a car?

If you’d like to ensure your teen has access to these features without paying a high price, leasing is your best bet. Fewer maintenance issues: By leasing a car for your teen, you reduce your risk of having to deal with regular maintenance issues that arise as cars age.

What is a high mileage?

What is considered high-mileage? Typically, putting 12,000 to 15,000 miles on your car per year is viewed as “average.” A car that is driven more than that is considered high-mileage. With proper maintenance, cars can have a life expectancy of about 200,000 miles.

Is a high-mileage lease right for You?

If you decide to lease rather than buy a car, a high-mileage lease may be right for you when compared to a standard lease. Standard leases come with annual mileage limits, and if a lessee goes over the limit, they can expect to pay over-the-limit per-mile fees. High-mileage leases are written with higher mileage limits for lessees who drive more.

Can the lease evaluator evaluate a higher mileage lease?

You may have noticed that our lease deal evaluation tools such as the Lease Evaluator in our Lease Kit only go to 15,000 miles and can’t be used to directly evaluate a higher mileage lease.

What happens at the end of a 36000 mile lease?

Whether a lease is scheduled to end at 36,000, 60,000 or even 100,000 miles, the lease termination options are the same. At the end of a lease, the lessee can buy the vehicle for the residual amount. This is a great option for somebody who’s still in love with the car, mileage aside.

How much does it cost to lease a 33000-mile car?

The freedom to drive 33,000 miles a year instead of the standard 12,000 would cost the driver in this leasing example an additional $178 per month. Once the monthly charge for the additional miles is factored in, a shopper who opted for this ultra-high-mileage lease would have a payment similar to that of a traditional car loan.