Is a High-Mileage Lease Right for You? | Edmunds.com


A high-mileage lease is perfect for drivers who rack up the miles but don't want to wind up owning a high-mileage car.
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A high-mileage lease is perfect for drivers who rack up the miles but don't want to wind up owning a high-mileage car.
Comments
The commenter also is thinking from within a vacuum that ignores many factors like manufacturer incentives for leasing which may exceed retail purchase or finance offers. For example, one maker presently offers $4,500 to lessees and only $1,250 for retail purchase. Even if one's intent is to own the car forever, leasing the car and choosing to buy it for the residual will be far less expensive than simply purchasing outright at the onset.
The only answer to whether or not leasing is preferable to buying is "it depends". The only wrong answer is to summarily declare or decry either option.
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