I drive around 30,000 miles a year and have no idea what a lease like this would cost. I have always purchased my vehicles but with the mileage I wanted to at least look into the option of leasing. If I purchased I would only keep it for 5 years or so.
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Any high mileage drivers lease their cars?
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A Honda Fit EV for only $259 a month, Nothing Down, and UNLIMITED MILES. Now that is a steal. Unfortunately, it is only available in certain states (Texas is not one). Go here to see if you can get one or get on the waiting list: http://automobiles.honda.com/fit-ev/ http://www.thetruthaboutcars.com/2013/05/honda-cuts-fit-ev
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Originally posted by no4njnk View PostI need an SUV for ground clearance and to fit some work equipment in. That little car would not do, plus some of my customers are as big as that car.
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I looked at leasing very briefly. It seemed like anything over 15k miles per year ended with huge penalties. At that time I was running 45k per year and I've been averaging 80-90k the last few years.
Some of the manufacturer's sites have lease calculators on them. You can enter your mileage and it will tell you what the payment is with penalties..
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Originally posted by 71chevellejohn View PostI looked at leasing very briefly. It seemed like anything over 15k miles per year ended with huge penalties. At that time I was running 45k per year and I've been averaging 80-90k the last few years.
Some of the manufacturer's sites have lease calculators on them. You can enter your mileage and it will tell you what the payment is with penalties.
The key for any lease is to get a car with high residuals. The higher the residual, the lower the payment.
no4njnk, I would call Classic Chevy in Grapevine and see what the lease price would be on a new Tahoe or Traverse with your mileage usage. Grapevine Ford can get you pricing on an Expedition or Explorer. Huffines in Lewisville would be my suggestion for payments on a Duragno.
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i have 19.5k a year on my f150 lease from skip @ grapevine. and im currently looking to trade it in as im rapidly approaching 58.5k on my 3yr lease thats not up till feb.
god bless.It is easier to build strong children than to repair broken men -Frederick Douglass
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I have leased several cars.. 2 of them from Skip..
IMO the BEST use for a lease is if you dont put tons of miles on the car. we got my wife into a fully loaded 11 Expy brand new for much less than a purchase would have been. She has 10.5k mile allowance a year and drives maybe 6-7K.
if you go over 17-20k, IMO Between the lease cost and the fees for going over, it ends up being cheaper picking a car that you like and buying it VS leasing it.2016 250 Mini dozer
No matter how fast light travels it finds the darkness has always got there first, and is waiting for it.
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Originally posted by Sgt Beavis View PostThe key is to have the leased sized for your expected mileage use. You can have 30k miles written into the leasing contract from the get go. Of course the payment will be more expensive but it won't be nearly as high as it would be if you exceeded the contract miles.
The key for any lease is to get a car with high residuals. The higher the residual, the lower the payment.
Luckily my truck is paid for and has paid for itself multiple times..
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