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FINANCING OPTIONS TUTORIAL

Most standard leases are based on a specified number of miles you can drive, typically 15,000 or fewer per year. You can negotiate a higher mileage limit, but you will normally have an increased monthly payment. Why? Because high mileage causes a vehicle to depreciate more - and depreciation is a key part of your monthly lease payment.



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  • Mileage matters when you lease - If you exceed the mileage limit set in your lease agreement, you will probably have to pay additional charges when you return the vehicle. Often, you can buy miles up front at a lower cost than paying for excess miles at the end of your lease


 
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