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Yes, if you decide to purchase the car at the end of the lease term, you may have to pay for any extra miles that exceed the mileage limit specified in the lease agreement.

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5mo ago

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How can I avoid paying for extra miles on a lease?

To avoid paying for extra miles on a lease, you can try to accurately estimate your driving needs before signing the lease, choose a lease with a higher mileage allowance, or consider purchasing additional miles upfront if needed. Additionally, you can try to minimize unnecessary driving and use alternative transportation methods when possible.


What if you go over the allotted miles on a lease agreement?

If you exceed the allowed mileage on a lease agreement, you will typically have to pay an additional fee for each extra mile driven. This fee can vary depending on the terms of your lease contract.


What happens if you go over your miles on a lease agreement?

If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each extra mile driven. These fees can add up quickly and can be costly. It's important to monitor your mileage and stay within the agreed-upon limit to avoid these extra charges.


Do miles matter on a lease if you buy the car?

Yes, miles do matter on a lease if you plan to buy the car at the end of the lease term. The number of miles driven can affect the car's value and potential resale value, which can impact the overall cost of buying the car at the end of the lease.


What happens if I go over my lease miles?

If you go over your lease miles, you may have to pay additional fees for each mile exceeded. These fees can add up quickly and can be costly. It's important to monitor your mileage and consider purchasing additional miles upfront if you anticipate exceeding the limit.

Related Questions

How can I avoid paying for extra miles on a lease?

To avoid paying for extra miles on a lease, you can try to accurately estimate your driving needs before signing the lease, choose a lease with a higher mileage allowance, or consider purchasing additional miles upfront if needed. Additionally, you can try to minimize unnecessary driving and use alternative transportation methods when possible.


What if you go over the allotted miles on a lease agreement?

If you exceed the allowed mileage on a lease agreement, you will typically have to pay an additional fee for each extra mile driven. This fee can vary depending on the terms of your lease contract.


What are your responsibilities and rights when leasing a car?

Leasing a carThe following information assumes you're talking about a closed-end lease, the most common type of vehicle lease. With a closed-end lease, you may return the vehicle at the end of the lease term, pay any end-of-lease costs and walk away. When you lease a vehicle, you have the right to use it for an agreed-upon number of months and miles turn it in at lease end, pay any end-of-lease fees and charges, and "walk away." You may buy the vehicle if you have a purchase option. Take advantage of any warranties, recalls, or other services that apply to the vehicle.When leasing a car you may be responsible for:Excess mileage charges when you return the vehicle. Your lease agreement will tell you how many miles you can drive before you must pay for extra miles and how much the per-mile charge will be.Excess wear charges when you return the vehicle. The standards for excess wear, such as for body damage or worn tires, are in your lease agreement.Substantial payments if you end the lease early. The earlier you end the lease, the greater these charges are likely to be.


What is the average mileage per year on a lease?

About 12000 miles on a lease.


What happens if you go over your miles on a lease agreement?

If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each extra mile driven. These fees can add up quickly and can be costly. It's important to monitor your mileage and stay within the agreed-upon limit to avoid these extra charges.


Do miles matter on a lease if you buy the car?

Yes, miles do matter on a lease if you plan to buy the car at the end of the lease term. The number of miles driven can affect the car's value and potential resale value, which can impact the overall cost of buying the car at the end of the lease.


How long is the Toyota extended warranty?

"You can purchase a Toyota extended warranty for up to 8 years, or 125,000 miles. The price depends on the length of the warranty, and how soon after your initial purchase you decide to buy the warranty."


How an American Honda Lease Works ?

If you are interested in purchasing a certified used Honda or a new Honda it may be a good idea for you to try leasing a vehicle. There are many different advantages to leasing a vehicle. For example, you get to drive a new car more often than you would normally be able to afford. In addition, leasing a vehicle means that you can enjoy cheaper down payments and lower monthly payments. Leasing is normally more affordable than financing. In addition, at the end of the lease period, you have a lot of different options that you can choose.How an American Honda Lease WorksIf you lease a new Honda vehicle, you have to sign a contract stating that you use the vehicle for a set amount of years. In addition, you agree to drive the car for a certain amount of miles each year. This number is normally between twelve thousand an fifteen thousand miles per year. The payment that you have to pay each month is designed to cover the service fee and the depreciation cost of the car. The best thing about leasing a vehicle is the fact that you only have to pay for a part of how much the car is really worth.You can purchase extra miles upfront in order to avoid being charged for the extra miles at the end of your American Honda lease. Your monthly payment is normally calculated by a few different factors. Factors that influence your monthly payment include the service charge, the term of the lease, and the car's estimated overall value at the end of your lease. You can provide a down payment in order to lower your monthly payments.At the End of Your LeaseAt the end of your lease, you can have many choices left for you. For example, you have the right to purchase your car for price that has already been predetermined. You can also choose to simply return the car and take care of any leftover payments. In addition, you have the right to return the car that you have and lease a different car.


What is the diameter of an extra extra large pizza?

Like 40,893 miles


How much time is 140 miles?

That depends on the speed. Once you decide at what speed you will travel, divide the distance (in miles) by the speed (in miles per hours). The result will be in hours.That depends on the speed. Once you decide at what speed you will travel, divide the distance (in miles) by the speed (in miles per hours). The result will be in hours.That depends on the speed. Once you decide at what speed you will travel, divide the distance (in miles) by the speed (in miles per hours). The result will be in hours.That depends on the speed. Once you decide at what speed you will travel, divide the distance (in miles) by the speed (in miles per hours). The result will be in hours.


How is car leasing different from buying?

In simple terms, an auto lease is a long-term rental. When you lease a car, the lease agreement you sign specifies how long you have the car and how many miles you can drive during this time period. A popular lease term is 36 months (3 years) and 12,000 miles/year (36,000 miles). You are not prevented from exceeding this mileage, but you will pay a per-mile penalty for every mile you are over (as defined in the lease agreement). Once the lease agreement expires, you must return the car to the lease company or purchase it from them at a pre-determined amount. The car also must be returned in good condition with only "normal wear and tear". A fee may be charged if the lease company feels the car's condition is worse than expected. Leases are often much cheaper than a traditional loan because the actual dollar value being financed is much lower. When you purchase and finance a car, the loan is for the total purchase price. For example, let's say the car you want has a purchase price of $25,000. With a traditional loan, the loan amount will be $25,000 (less any down payment), broken up into a monthly installments over the lengh of the loan. If you lease that same $25,000 car, the actual dollar amount financed may be less than half the retail price. A lease basically covers the value that you will use over the lease term, verses the actual cost of the car. The buyout option at the end of the lease would typically be the remaining amount not financed. One common misleading statement about leases is that you do not own the car. While this is true, you don't actually own the car while you finance it either. When you finance a car, you only truly own it after your loan is paid off and the finance company provides a copy of the title in your name. While you are paying the loan, the finance company owns the car. The same is true for a lease. The biggest difference here is that a financed car will be registered in your name, whereas a leased car will be registered in the lease companies name.


What are things to look for in a company car lease?

When leasing a company car you will want to check out how many miles per year you can put on the car, and how many years the lease is for. You should also check out the requirements for maintenance that can void the lease.