General leasing question
I'm looking for some advice. I am looking at leasing a new car, and I am not sure yet exactly what I want. Because of the amount that I drive, I really need a 15k mile/yr lease. Many of the car manufactures offer a 3 yr/36k mile warranty. That would not cover the 3 yr/45k mile lease that I am looking to get. Does that mean that I should avoid leasing a car from those manufacturers? Do car manufacturers offer an add-on warranty package at additional cost to cover the remainder of the lease, or does the add-on warranty usually cover such a large additional chunk of time and/or miles that it is not worth it? I currently lease a BMW with a 4 yr/50k warranty so it was not an issue but looking at Volkswagen, Subaru, etc realized that this could be an issue. Thanks for your help!
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Answers
Generally, big repairs tend to come after 50K miles.
Some of this might be showing my personal experience, but I wouldn't bat an eye on Honda, Toyota or Nissan. VW, Ford or GM models might give me pause. Although, some of the 36K mileage makes do warrant the drivetrain for 50-60K miles..
If you find something you really want, I'd just take my chances. No point living with a car that's just a "good deal" to avoid driving a car you really want, that's only out of warranty from 36K-45K miles. For instance, if I could get a killer deal on a VW GTI for 36mo, 15K/yr, I'd grab it in a heartbeat. Easy to say, now that I only drive 11K/yr, though.. lol.
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