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

Comments

• Michaell Moderator Posts: 241,232

  January 2015

  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

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• carandetc Member Posts: 22

  January 2015

  Thank you Michaell,
  
  would there be any advantage with Infinity? or any other brand?
  
  thanks again

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• Michaell Moderator Posts: 241,232

  January 2015

  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.

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  2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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• kyfdx Moderator Posts: 237,046

  January 2015

  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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