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Looking for a high mileage lease 15-18k/yr

carandetccarandetc Member Posts: 22
edited January 2015 in Lexus
Hi,

I am looking for a high mileage lease for an entry level luxury, I started a new sales job and unfortunately need my own car to "impress" potential clients.

I will be driving 15-18k a year and I am ok with 2-4 year lease terms.

Appreciate any suggestions/

Comments

  • MichaellMichaell ColoradoModerator Posts: 198,802
    carandetc said:

    Hi,

    I am looking for a high mileage lease for an entry level luxury, I started a new sales job and unfortunately need my own car to "impress" potential clients.

    I will be driving 15-18k a year and I am ok with 2-4 year lease terms.

    Appreciate any suggestions/

    Most leases allow 15,000 miles per year.

    If you want more miles, you have the option to purchase them up front. Lexus, for example, charges $.20/mile. Therefore, if you wanted 18,000 miles per year on a 3 year lease, you'd have to buy 9,000 miles up front, for a cost of $1800. This amount is deducted from the calculated residual and is amortized monthly over the lease term ($1800 / 36 = $50/mo extra on your payment).

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • carandetccarandetc Member Posts: 22
    Thank you Michaell,

    would there be any advantage with Infinity? or any other brand?

    thanks again
  • MichaellMichaell ColoradoModerator Posts: 198,802
    carandetc said:

    Thank you Michaell,

    would there be any advantage with Infinity? or any other brand?

    thanks again

    Most luxury makes offer a similar rate to buy the extra miles up front.

    Edmunds Price Checker
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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

  • kyfdxkyfdx Moderator Posts: 202,767
    carandetc said:

    Thank you Michaell,

    would there be any advantage with Infinity? or any other brand?

    thanks again


    GM and Ford usually quote residuals for 18K/yr or 19.5K/yr for 2% or 3% lower than the 15K/yr residual (so, Cadillac or Lincoln, as well). That's usually cheaper than the per/mile route of the other makes

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