Is there such a thing as unlimited mile lease ?
Is there such a thing as unlimited mile lease ?
- Thread starter Mr Nice
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I'm sure someone offers one. Closest I found.....https://www.edmunds.com/car-leasing/is-a-high-mileage-lease-right-for-you.html
Originally Posted by Mr Nice
Is there such a thing as unlimited mile lease ?
Yes its called buying the car and paying cash!
Is there such a thing as unlimited mile lease ?
Yes its called buying the car and paying cash!
Originally Posted by JohnnyJohnson
Originally Posted by Mr Nice
Is there such a thing as unlimited mile lease ?
Yes its called buying the car and paying cash!
too true.
Originally Posted by Mr Nice
Is there such a thing as unlimited mile lease ?
Yes its called buying the car and paying cash!
I was thinking about leasing and enjoying it for 2-3 years and drive the heck out of it.
For the right price you can get just about anything. Might not be cheaper but you can ask and will receive from someone.
Yes it's called "PURCHASE"
I don't know how high they'll go on paper, but lease terms can be modified (to an extent) to what ever you want to pay for.
There's low mile, regular and high mile leases available. I think the high mile ones are around 17,500-20k miles per year. From the link below it looks like a 100k mile lease is available.
https://www.bmwofwyomingvalley.com/lease/is-high-mileage-lease-right-for-me.htm
https://www.bmwofwyomingvalley.com/lease/is-high-mileage-lease-right-for-me.htm
Our Transits have a 3 year 125K mile lease on them, through Ford, so a higher mileage one is available. No idea on the cost.
So you want to rent (lease) a vehicle for 2-3 years and buy a bunch of miles to put on it?
That sort of twisted financial logic has never made any sense to me whatsoever.
That sort of twisted financial logic has never made any sense to me whatsoever.
Subaru will contract a lease with a 100,000 mile cap. Mileage above 60,000 is 10 cents per mile and 15 cents per mile over what is agreed upon in the contract.
Originally Posted by philipp10
Does leasing EVER make sense? I have a friend and he has to borrow the wife's car so he can stay below 12k miles, all for about $4600 a year. I just don't understand the draw to leasing, but then again, I'm cheap.
Sure. For the right person and their needs.
Sounds like a lease was the incorrect choice for your friend.
A lease is simply paying for depreciation.
I was fully prepared to purchase our GS450h; I generally hate leases.
At the end, we leased the car. Why?
Lexus lease money. They wanna see you again in 3 years and they know they can easily sell a good used Lexus.
Hedge against technology shift (hybrid).
I looked at it as $900 insurance policy to walk away or buy in 3 years.
Was it the best choice? I am ok with it.
Does leasing EVER make sense? I have a friend and he has to borrow the wife's car so he can stay below 12k miles, all for about $4600 a year. I just don't understand the draw to leasing, but then again, I'm cheap.
Sure. For the right person and their needs.
Sounds like a lease was the incorrect choice for your friend.
A lease is simply paying for depreciation.
I was fully prepared to purchase our GS450h; I generally hate leases.
At the end, we leased the car. Why?
Lexus lease money. They wanna see you again in 3 years and they know they can easily sell a good used Lexus.
Hedge against technology shift (hybrid).
I looked at it as $900 insurance policy to walk away or buy in 3 years.
Was it the best choice? I am ok with it.
Friend of mine owns his own business and puts 20k a year so he bought new. Every year he trades it in with most spent was 10k and that is for s fully loaded vehicle (F150). I asked him if he ever got one for even and he told me when I trade truck it will be an even swap cause he just purchased low mileage Volkswagen (gas less than 20k) so when truck is sold to dealer he would get new one for free. He got a new Taurus for tax and license. He has since traded it even for a car to pull behind his motorhome. We always have said he was smarter than the average person.
Originally Posted by philipp10
Does leasing EVER make sense? I have a friend and he has to borrow the wife's car so he can stay below 12k miles, all for about $4600 a year. I just don't understand the draw to leasing, but then again, I'm cheap.
Of course it makes sense. There are a bunch of valid reasons to lease rather than buy.
For example,
- Lack of space/time/tools to wrench on out-of-warranty vehicle.
- High wear-n-tear on local roads.
- Tax reasons
- Perceived/actual long term reliability is low which hinders re-sale value.
- Immediate but essentially temporary needs for a certain type of vehicle.
Does leasing EVER make sense? I have a friend and he has to borrow the wife's car so he can stay below 12k miles, all for about $4600 a year. I just don't understand the draw to leasing, but then again, I'm cheap.
Of course it makes sense. There are a bunch of valid reasons to lease rather than buy.
For example,
- Lack of space/time/tools to wrench on out-of-warranty vehicle.
- High wear-n-tear on local roads.
- Tax reasons
- Perceived/actual long term reliability is low which hinders re-sale value.
- Immediate but essentially temporary needs for a certain type of vehicle.
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Originally Posted by Mr Nice
I was thinking about leasing and enjoying it for 2-3 years and drive the heck out of it.
Just buy a car (you can finance it if you want to), "drive the heck out of it," and sell it whenever you want. It's the same thing. You'll only pay for the depreciation of the car, which is exactly what leasing is..
I was thinking about leasing and enjoying it for 2-3 years and drive the heck out of it.
Just buy a car (you can finance it if you want to), "drive the heck out of it," and sell it whenever you want. It's the same thing. You'll only pay for the depreciation of the car, which is exactly what leasing is..
I drive new every 1-2 years apart. Why?
1) Because it pleases me to do so.
2) Because I can.
Leasing works quite well for me.
1) Because it pleases me to do so.
2) Because I can.
Leasing works quite well for me.
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