That's why we provide features like your Approval Odds and savings estimates. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. High-mileage leases can come with a higher monthly payment, but in return you get to drive more miles than with a standard car lease.
Most car leases come with mileage caps, usually between 10, to 15, miles a year. Going over your mileage cap can be costly, usually ranging from 10 to 25 cents per additional mile driven. Keep in mind that a high-mileage lease will generally cost you more money. A high-mileage lease could be a good idea if you like to have a new car every few years and you drive more than the typical 12, to 15, miles per year. Putting a lot of miles on a car causes it to depreciate faster.
And if you finance your lease, this can mean higher monthly payments to help make up for the increased depreciation. If you have kids that are gong to spill ice cream on the seats, or if you're prone to scratching up your car while parking, you need to consider this before you lease. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes Signup for The Weekly Newsletter. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals.
He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals. Got a Question About This Article? Related Car Leasing Articles. New Cars. Used Cars. Sell Your Car. Legal Stuff. Some links and services recommended on this website provide compensation to RealCarTips.
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Read the full Compensation Disclosure for more details. You'll rack up a fair amount on car service costs. With more miles comes the potential for greater damage to the car, resulting in lease car return charges in line with the BVRLA guidelines for fair wear and tear. This is a formal change to your contract which allows you to increase your annual mileage allowance.
This is permitted at the discretion of your finance provider, and you may sometimes incur additional charges for changing your agreement mid-term. The finance provider will issue a new contract document detailing the new, higher-monthly rental and your increased annual allowance.
As this option is not available on every contract, we recommend that you take your time to consider the most appropriate mileage allowance for you before you sign a contract. It is very unlikely that a broker will offer you a high mileage lease if your car lease credit check comes back iffy. You do need good credit to lease a car in general, so a reputable broker is unlikely to make the further exception to give you an increased mileage allowance.
The only viable option is to appoint a guarantor for your car lease but not all brokers allow this. The standard warranty will usually only cover you up to a certain number of miles.
A lease car maintenance package may help you keep your car in good condition for return - see our post " Is car lease maintenance worth it? High mileage leases are particularly useful for businesses - if you're interested in business car leasing deals , see our helpful guide explaining how business car leasing works.
We've also done guides on:. If you're looking for a personal car leasing deal , check out our guide on personal contract hire instead! Lease Fetcher helps you compare lease deals from leading UK brokers so you can find that perfect, affordable high mileage lease with ease! We act as a credit broker not a lender. We can introduce you to a limited number of lenders who may be able to offer you finance facilities for your purchase. We will only introduce you to these lenders.
We may receive a commission payment from the finance provider if you decide to enter into an agreement with them. You may be able to obtain finance for your purchase from other lenders and you are encouraged to seek alternative quotations.
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