Car advice

rwiiames · 08-17-2016, 09:13 AM

I've never leased, but I've watched people who have. Your fear about being over on your allotted mileage is real. One way to buffer that is to purchase the extra miles "up front", that is include them in the lease. It will increase your lease payment, but overage purchased up front is cheaper than overage assessed at the end. That being said, I have seen people who did and did not purchase extra miles go over and find out that their last payment is a couple thousand extra because of the mileage overage. That's when they offer to roll that into the purchase price so you can finance it along with the buyout. That's one of the ways they "encourage" you to buy the car at the end of the lease. Best option is to think real hard about your mileage, come up with a good estimate and then pad it. I have known people who parked their lease a couple months early to avoid the mileage charges. Best of luck to you, that's my $0.02

Wes

08-17-2016, 09:13 AM	#1
rwiiames Still Watching My Back Join Date: Mar 2015 First Name: Wes Location: Cincinnati, OH Posts: 67 Trading: (0)	Re: Car advice I've never leased, but I've watched people who have. Your fear about being over on your allotted mileage is real. One way to buffer that is to purchase the extra miles "up front", that is include them in the lease. It will increase your lease payment, but overage purchased up front is cheaper than overage assessed at the end. That being said, I have seen people who did and did not purchase extra miles go over and find out that their last payment is a couple thousand extra because of the mileage overage. That's when they offer to roll that into the purchase price so you can finance it along with the buyout. That's one of the ways they "encourage" you to buy the car at the end of the lease. Best option is to think real hard about your mileage, come up with a good estimate and then pad it. I have known people who parked their lease a couple months early to avoid the mileage charges. Best of luck to you, that's my $0.02 Wes __________________ Who is John Galt?