If you are about to lease a car and you estimate to exceed the total allowance of mileage, then you should know that you can add miles to a car lease. All of the details will be found in the lease agreement or the contract, but there are some generic ways that car leases are structured for adding mileage. You need to be aware of the fact that by adding mileage to the lease you will have to pay a lot more so do the math before signing the deal as it might be more affordable to buy the car rather than lease it.
First of all you need to calculate the miles that you approximate to do over the period of the lease agreement. You should start by taking into consideration the last three years of driving and think about any other factors that might come up during the lease, like a change in jobs, change of address or road trips. We advise you to allocate enough mileage with some cushion so that you will not risk exceeding the pre-established mileage set when you signed the lease agreement. If you already know how much are you going to drive the car over the period of the lease, you can buy the extra miles when you sign the deal.
Usually it is more affordable to add miles to a car lease when signing the contract rather than doing it at the end. Some firms will even give you a refund for the unused miles in the contract. As a consequence, your car lease will have pro-rated monthly payments that have the extra mileage incorporated. Although you will pay more per month, you will avoid the lump sum at the end of the lease when you otherwise are charged for the extra mileage.
You need to consult all the paperwork for the lease agreement or get in touch with the leasing company that owns the car. You might be able to get a better deal for the extra miles if you have a good history with the company. Do not forget about the extra mileage insurance for the lease. However, you need to be aware of the fact that you will not get a refund for the unused miles for which you’ve purchased insurance.
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