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Going over mileage on a lease can result in additional fees that can be costly. These fees are typically charged per mile over the agreed-upon limit. It is important to carefully monitor and manage your mileage to avoid these extra charges.

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5mo ago

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What happens if you go over the mileage limit on a lease?

If you exceed the mileage limit on a lease, you will typically have to pay an additional fee for each mile over the limit. This can result in extra costs at the end of your lease term.


What happens if you go over your lease mileage?

If you go over your lease mileage, you may have to pay additional fees for each mile exceeded. These fees can add up quickly and can be costly at the end of your lease term.


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

If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each mile over the limit.


What happens if I exceed the mileage limit on my lease agreement?

If you exceed the mileage limit on your lease agreement, you may have to pay additional fees for each mile over the limit. This can increase the overall cost of your lease.


What happens if you exceed the mileage limit on a lease agreement?

If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each mile over the limit. This can result in extra costs at the end of the lease term.


What does it mean to lease a car?

Leasing a vehicle is more like a rental. You never own the vehicle even at the end of the lease. At the end of the lease, any damage (scratches, etc.) are the responsibility of the leaser to pay for repairs. If there is a mileage limit you will be charged for the over mileage.


What happens if you still have a year left on a lease and have already gone over your mileage?

Then your warranty is up. It is whichever comes first. Time or mileage.


How can a collection agency collect on a debt for mileage and damage for a leased vehicle that was turned in after the lease term ended?

When you lease a vehicle, you agree to the terms of the contract, which usually include sections regarding charges for going over allowed mileage and damage to the vehicle not considered routine wear. If you don't pay the assessed fees for the over-mileage and damage, the dealer will eventually sell the debt to a collector, who will hound you until you pay. IN a car lease contract, there are specific terms about "extra mileage" charges, if the car is driven over the annual or lease term amount. The contract also has a clause about "damage" that is over and above regular wear and tear, as set out in the contract. Just returning the car does NOT absolve the leasee of their responsibility to pay for "extra mileage and damages ". The leasing company is well within their rights to sue you to recover the extra costs that you laid on them.


What happens if you go over the mileage on a lease agreement?

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


What are the basics of car leases for dummies?

A car lease is like renting a car for a set period of time, usually 2-4 years. You make monthly payments and at the end of the lease, you return the car. Leases have mileage limits and you may have to pay extra for going over. You also need good credit to qualify for a lease.


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 move before your lease is up?

If you move before your lease is up, you may be responsible for paying the remaining rent on the lease term unless you can find someone to take over the lease or negotiate with your landlord. Breaking a lease early can also result in losing your security deposit and potentially facing legal consequences.