Yes, most leasing companies will allow you to “buy” extra miles up front — often at a less expensive rate — and include the cost in your monthly payments. For example, say you know you’ll drive 20,000 miles over the limit in a 24 month lease. If the “buy” rate is 12 cents per mile, you’ll spend 20,000 x $.12 = $2400. Spread over the 24 month lease, this means you’ll pay $100 extra per month, but you’ll avoid a $2400 (or more) bill at lease end. Most companies will even refund you any unused miles (of your ‘bought’ miles) at lease-end.

See Extra Miles Car Lease for more details.

Posted in: General

adminCan I buy extra miles for my car lease?