I have a car lease that is up in 3 months I am already over mileage allowance by 3000 miles at 0.15 per. Does it make sense to trade in against new lease if my buy-out price is higher than retail and there is a 350 dispo fee?

Asked by flattskeys Mar 20, 2015 at 12:30 PM

Question type: Shopping & Pricing

I have a car lease that is up in 3 months I am already over mileage allowance by 3000 miles at 0.15 per. Does it make sense to trade in against new lease if my buy-out price is higher than retail and there is a 350 dispo fee?

2 Answers

157,435

Run the numbers and go the cheapest route. You will still be racking up extra miles and there will be a significant cost to that. Also I would try to obtain a lease with more available miles.

650

Check your present lease agreement, some have an over mileage forgiveness if you lease from same manufacturer. Mine has a 7500 mile forgiveness.

1 people found this helpful.

Your Answer:

CarGurus Experts

  • #1
    Bob Beaman
    Reputation
    10,610
  • #2
    james sparrow
    Reputation
    7,590
  • #3
    Ed92626
    Reputation
    7,530
View All

Find great deals from top-rated dealers

Search

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.