Quote:
Originally Posted by jeffa
The one thing no one has talked about is excess mileage...this could be a killer.
To get a low lease payment, you will have low lease miles available, usually 10K miles a year. If your car is a daily driver, or you just like driving, it doesn't take long to get to 10K miles, about 834 miles a month. The usual penalty for exceeding the lease mileage is usually a minimum of 15 cents a mile....doesn't seem like much until you do the math....834 miles x .15 = $121 per month in penalty fees.
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But that only applies if you don't buy the car. They also will nickel and dime you on tire wear and any damage to the vehicle and we all know that after 3 yrs and 30,000 miles performance tires will be shot.