Lease and Mileage Question...

HEY32G · 02-22-2009, 12:41 PM

This probably is not the correct area to post this question, but........

When my lease ends and I turn my car back in, is there a benefit to having a less mileage on it than what I was allowed on the lease?

I get 15k miles per year, and with 14 months left of a 36 month lease I just hit 17k. So I may only have around 30k when I was allowed 45k.

Thanks, sorry for the dumb question.

bmwmike335 · 02-22-2009, 01:06 PM

dno how bmw is but my guess is NO. drive as much as you can..
my 05 G35 was 14k under i drove as much i could cuz i knew they dont give a damn, in the end i was still 10K under..

methodtim · 02-22-2009, 01:09 PM

No benefit at all.

HEY32G · 02-22-2009, 06:16 PM

Well I'm gonna drive the livin' shit out of it then!

kgb1637 · 02-22-2009, 06:38 PM

It's only a benefit if you intend to buy the car out at the end of the lease as the buyout price remains the same, but the car is in theory worth more with less mileage.

methodtim · 02-22-2009, 07:40 PM

Quote:

Originally Posted by GH32335i

Well I'm gonna drive the livin' shit out of it then!

Good plan.

blue2fire · 02-22-2009, 07:46 PM

There is no benefit to you.
Just think, your residual depends on the miles that they think the car will have when turned back in so if you drive less than expected, there will be no reason for them to cut a deal with you. So drive the hell out of it when you do drive it or drive it a lot so you get "Value For Money".

02-22-2009, 12:41 PM	#1
HEY32G Captain 225 Rep 770 Posts Drives: Z4 sdrive35is Join Date: Jun 2007 Location: Texas iTrader: (0)	Lease and Mileage Question... This probably is not the correct area to post this question, but........ When my lease ends and I turn my car back in, is there a benefit to having a less mileage on it than what I was allowed on the lease? I get 15k miles per year, and with 14 months left of a 36 month lease I just hit 17k. So I may only have around 30k when I was allowed 45k. Thanks, sorry for the dumb question.
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02-22-2009, 01:06 PM	#2
bmwmike335 Captain 86 Rep 712 Posts Drives: m4 Join Date: Dec 2008 Location: los angeles iTrader: (3)	dno how bmw is but my guess is NO. drive as much as you can.. my 05 G35 was 14k under i drove as much i could cuz i knew they dont give a damn, in the end i was still 10K under.. __________________ 2015 ///M4 2006 525i 2008 335i Coupe 2011 1er 6MT ///M-Sport 2013 535i (RIP), 2014 535i (RIP) 2013 e92 M3 interlagos blue
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02-22-2009, 01:09 PM	#3
methodtim Brigadier General 374 Rep 3,883 Posts Drives: Audi RS Q8 Join Date: Mar 2007 Location: Darkness there, and nothing more iTrader: (0) Garage List 2021 Audi RS Q8 [0.00] 2021 BMW X3 M40i [0.00] 2017 Toyota Tacoma [0.00]	No benefit at all. __________________
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02-22-2009, 06:16 PM	#4
HEY32G Captain 225 Rep 770 Posts Drives: Z4 sdrive35is Join Date: Jun 2007 Location: Texas iTrader: (0)	Well I'm gonna drive the livin' shit out of it then!
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02-22-2009, 06:38 PM	#5
kgb1637 Lieutenant Colonel 21 Rep 1,519 Posts Drives: RS5 Join Date: Sep 2008 Location: Baltimore, MD iTrader: (0)	It's only a benefit if you intend to buy the car out at the end of the lease as the buyout price remains the same, but the car is in theory worth more with less mileage. __________________ Retired - '08 E90 335i Sparkling Graphite/Gray Dakota Leather, ZSP, ZCW, ZPP, Navi, ipod, Sat
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02-22-2009, 07:46 PM	#7
blue2fire Brigadier General 221 Rep 4,279 Posts Drives: BMW 135i Join Date: Jan 2009 Location: Location, Location, Location iTrader: (8)	There is no benefit to you. Just think, your residual depends on the miles that they think the car will have when turned back in so if you drive less than expected, there will be no reason for them to cut a deal with you. So drive the hell out of it when you do drive it or drive it a lot so you get "Value For Money".
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