Go Over Link Lease For Free

You're a Low-Mileage Driver If you typically log between 10,000 and 15,000 miles per year, leasing a car might make more sense than purchasing one. 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.

This fee is usually between $0.10 and $0.30 for every mile a lessee drives over the limit. You should check your lease agreement to see how many miles you can drive before incurring mileage fees, but most lease agreements allow a lessee to drive 12,000 or 15,000 miles for every year of the 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. See our article Extra Miles Car Lease for more details.

The answer I got for why tesla doesn't do lease buyouts is because eventually they'll use their used cars as taxis. But now apparently they're going to make an entire model that's just used for taxis.

If at the end of your lease you have gone over the agreed upon mileage you will pay a set fee for every mile over to make up for the depreciation in the vehicles residual value. This fee will be in your lease agreement and is usually between $0.15-$0.30 cents per mile based on your vehicle.

Buy the Car One of the best ways to escape the over-limit fee is to negotiate a lease buyback at the end of the term if your budget allows. If you turn in your car and find you owe thousands of dollars in extra mileage fees, you may be better off just using that as a down payment for the vehicle.

Leasing companies often allow lessees to buy some extra miles, but typically only at the start of the lease. If you're a lessee who knows you're going to exceed the typical mileage limit, then it's a good idea to buy extra miles while finishing up the contract.