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Finance Tip of the Day

Think Leasing a Car is a Good Idea? Tip #3

  • 2016 14 Jun
  • COMMENTS
Think Leasing a Car is a Good Idea? Tip #3

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Think Leasing a Car is a Good Idea? Tip #3

Mileage Limits

Usually, there is a 10,000 or 15,000 mileage limit per year on leased vehicles, so those who commute to work or take frequent long distance trips should pay special attention. Penalties of up to $0.25 per mile will apply for anything over the mileage limit. If you are thinking about leasing a car, consider negotiating appropriate mileage for your needs to avoid paying additional penalties.

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