Ford Lease - What happens if I go over the miles in my Lease?
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- Опубликовано: 10 сен 2024
- Did you drive more miles then you lease allows... What happens if I go over my lease-end Mileage? Joel answeres common questions about automotive leasing.
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If you have specific questions about your lease, please check your contract, or contact us and we can help you find an answer.
Awesome advice! Thank you. I do around 15,000 a year sometimes 18,000. I want to lease but I'm nervous about going over.
My lease is going to be up in a year I'm definitely going to be over the miles but I love the car so I'm just going to finance the rest so I can own it
This is so complicated. I don't know how someone willingly goes into this
I plan on keeping car after lease before bought it so miles don't matter
Same here
Cars aren’t made to gain equity
Their is no penalty if you trade
You mean if you trade in for another lease?
to clarify as long as you do not exercise your right to return the vehicle to the leasing company. so you would need to buy the vehicle or have the dealer buy the vehicle from the leasing company
When will the penalties be due after ending the lease? Will they send me a bill? Can I get a payment on that for maybe a year till paid off?
That’s what I’d like to know as well. My lease is up with Honda next month
all leasing dompanies are differnet but typically the milage penalty bill comes the month after the lease terminaites. I do not know of any payment plans
Never pay for extra miles never pay over the payment never buy out your lease trade and get a new one
Depends on your situation to me personally trading in for another vehicle/new lease makes no sense you’ll always be stuck in a car payment no matter if you’re leasing or financing, I know ppl that are 70 years old and still stuck paying car payment’s
I’ve always said the purpose of buying your vehicle is to eventually own your car so basically you’ll be done with car payments but like I said it depends on that person’s situation some ppl love that fact that they can have a new car every 3 years🤷🏻♂️
@@Loso0523 Yeah, it's like renting a car. I bought my first car back in '08. I paid it off in 3 yrs, and I've been rolling ever since. I kept the maintenance up so it still in good condition. I chuckle at my coworkers who've been leasing cars for 20 years. Some have $800-1400 lease payments. That's ridiculous! 😆
@@dii-N-sd I was at a Chevy dealer and the lady doing my paperwork said some ppl pay 1700 per month on vehicles
@@tarriboyd5369 Wow! 🤯