Negotiating a Lease

Lease mileage allowance

Mileage allowance is the salesman's best trick into lowering your monthly payments, but don't be fooled!  What you don't spend now, you may spend later.  The lowest mileage typically chosen is 12,000 miles per year The average American travels roughly 18,000 miles a year.  At a cost of .15 per extra mile, this difference would end up costing you $3,300 at turn-in.

Your mileage allowance will usually be either 12,000 or 15,000 miles.  The savings you get on 15,000 miles can easily be worth the extra cash, especially if you use those miles.  However, if you do not use them, they will not credit you in the form of cash when you turn your vehicle back in.

We recommend to customers that they opt for 15,000 miles per year to provide enough leeway to account for long trips and weekend use.  The small incremental cost will often outweigh the anxiety consumers often create when they are over their mileage allotments during their lease.