Lease how many miles

Car and Driver states that high-mileage leases might not be available everywhere, however, all you need to do is ask the salesperson.

Typically, a high-mileage lease will allow for 18, or 20, miles per year. But if you want to circumvent the added cost in the end, one solution is to buy the car, reports Pocket Sense. Another way to get around the excess mileage would be to trade the car in for a new one with the same brand. Many dealers will waive the excess mileage fee if you trade the car in for a new one. There are ways you can have someone else take over your lease, but this is generally a hassle and you will still end up losing a good amount of money.

When you lease, you better intend to keep the lease until the end of the contract. If you don't have a stable job, don't be lured in by a lease just because it has a lower payment - this is a huge mistake that will likely come back to bite you.

You want to drive a more expensive car than you can afford to buy Leasing a car generally requires less cash up front. Your lease payments will also be a lot lower than if you had purchased the same car and gotten a loan for the same time-frame.

Perhaps you don't have enough cash for a down payment right now or maybe you would rather invest that money this is risky, but that's ultimately your choice. There are also those who are just starting their careers, have stable jobs, and want a reliable car that they may not be able to afford right now. Just remember that while lease payments will be lower than a car loan payment, you will be left with no vehicle at the end of your lease, whereas with a car loan - you will own the car and can decide to drive it payment free for as long as it lasts.

You want a car that's always protected by a full factory warranty A major benefit to leasing is that you never have to worry about mechanical issues or repairs. As long as you lease a car for 36 months or less, you will be covered by a bumper-to-bumper factory warranty the entire time. This is important to a lot of people - they don't want to worry about repairs or breakdowns.

You will be using the car primarily for business If you own your own business and you will be using the vehicle primarily for your business, leasing makes sense because you can deduct almost all of your payments as a depreciation expense. Check with your accountant or tax attorney before you make this decision as laws in each state may be different.

You take good care of your vehicles Most leases require you to provide a security deposit. This is to ensure you will pay for any damages when you turn the vehicle in at the end of the lease.

If you're the type of person that doesn't take good care of your car, you could end up paying some steep "wear and tear" penalties. If you have kids that are gong to spill ice cream on the seats, or if you're prone to scratching up your car while parking, you need to consider this before you lease.

These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. I came to the realization about a month ago that I was going to hit my predetermined mileage way ahead of schedule. For those of you who find yourself in the same jam as me, below are some of our options. Pay the extra mileage fee. Each dealership is different when it comes to paying for the amount of miles you exceeded. After determining how much you owe per mile, do the math.

Purchase the car. The remaining price is the residual, which is the same as the lease-end purchase price. When you originally signed for your lease, you agreed to a certain price you could purchase the car for at the end of the lease. That purchase price was determined by the number of miles for the lease. For example, say your lease is for three years and 45, miles. Park it. If you decide to not drive the car anymore and have some extra dough, you can go out and purchase a cheap used car that you can drive until your lease is up.