Question: How Do You Get Out Of Paying For Extra Miles On A Lease?

Do you have to return your lease to the same dealership?

In theory, you should be able to return the leased car to any dealership of the same brand.

If you’ve moved or the dealership is no longer in business, you’ll obviously have to choose another one.

Call the used-car manager to set up an appointment for the lease return..

Can you negotiate lease buyout price?

Buying your leased car saves the leasing company shipping and auction fees. … To negotiate a reduced buyout price, you’ll need to talk to a lease-end manager at the leasing company who has the power to approve lower prices. Banks writing leases may be more likely to negotiate than automakers’ finance companies.

How do you get out of paying over miles on a lease?

And so, Ron, your options are these: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.

How do I avoid excess mileage charges?

Keep the car in good condition, regularly serviced and within the mileage allowance and there should be nothing else to pay at this stage. Exceed your mileage allowance, however, and you can expect to be issued a charge when you give the keys back.

Can you get out of paying excess mileage?

When you voluntarily terminate the contract the finance company will still expect you to pay for any excess mileage you’ve used in the time that you’ve had the car. … If you want to terminate it any earlier, a larger lump sum payment will have to be made.

What happens if you don’t use all the miles on your lease?

If you’re just going to hand it back to the lease company then no, the low mileage makes no difference. However, speaking from experience used car managers like to get low mileage lease returns for their inventory, so the dealer may well pay you more than the residual value on the lease for your car.

Do you get money back for unused miles on a lease?

Short answer: no. Long answer: while you sign a lease at a certain number of miles per year, and while the car company will undoubtedly charge you for going over, the contracts in this industry stipulate that there will be no reimbursement for unused mileage; it is a primarily time based contract.

What if I am over my miles on a lease?

Excess mileage Most leasing companies charge around 15 to 20 cents per mile over the amount allowed in the contract, commonly 12,000 miles per year. If you’re way over the allowed mileage and looking at a big penalty, you still have options. If you like the car, you can buy it rather than pay the mileage penalty.

What happens if I give my car back to the finance company?

Give your car back to the lender to sell You can give your car back to the lender voluntarily. … Your lender will then sell the car. If the sale price is under what you owe, you’ll have to pay the remainder of the loan.