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How much does it cost if you go over your miles on a lease?

If you go over your miles, the leasing company will charge you for every extra mile driven. The per-mile penalty is spelled out in your lease, but it can run as high as $0.25 per mile. That would be $250 for every 1,000 miles over the limit.

Can you buy extra miles on a lease?

No. You cannot buy extra lease miles during a lease, only at the beginning. If you are already in a lease and see that you are already exceeding your allowance, there are a number of options. See our article, Over Mileage Car Lease for more details.

Can you negotiate more miles on a lease?

Some leases allow 15,000 miles, but more manufacturers are trimming the allowance to only 10,000 or 12,000 miles per year. If you think you're likely to exceed the allowance, then negotiate for additional miles up front. This can save you a few cents per mile over the end-of-lease mileage charge.

How can I avoid paying extra miles on a lease?

Stop driving so much. This one is simple, Ron. Pay the penalty. Go into your lease terms and find out what the over-mileage penalty is for your lease. Buy the car. Probably your best option is simply buying the car at the end of the lease. Move to Orange County.

Can you buy more miles on a Ford lease?

Can I buy extra miles in the middle of a lease if I see I'm going over my allowance? No we cannot. We can only buy discounted mileage credits before we sign a car lease.

Can you increase mileage on lease?

First, you cannot change your mileage allowance after your lease begins. It is what it is. If you know before you lease that you'll be driving extra miles, you can buy the additional miles up front. Lease mileage charges are not negotiable with lease companies.

Do I have to pay excess mileage if I buy the car?

If you've exceeded your mileage, but you want to buy the car at the end of your contract, you still have to pay for the excess. You will have to declare the excess mileage when you tell the finance house you want to buy it. They will then charge you accordingly.

Do I have to pay excess mileage?

Excess mileage charges aren't included in the 50% figure in your contract, so some legal experts don't think you have to pay them if you terminate your car finance. You may spend a long while exchanging letters with the car finance company and its solicitors. And you may need to be prepared to go to court.

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