12,000 miles or 15,000 miles

[j_e_f_f]

@aog

Should I sign a 12k lease (even if I might need more miles - not sure) to get the better deal. This way I break even if I turn in early because I bargained hard upfront.

Does it depend on the residual or the actual purchase price?

I ask because I had so much success getting a really good lease (from all the helpful tips from this community) that turning my lease in early (before going over miles) has resulted in a break even.

Maybe I’m misunderstanding, but I would try to get a much better understanding of how leases are calculated before going down such a road.

The fact that a 12k lease has a lower payment than a 15k doesn’t mean you got a better deal, only that the bank has a higher RV for 12k vs. 15k; You are paying for less depreciation over the term and thus a lower payment.

Also, the fact that you were able to sell/trade/turn-in your current lease early and be breakeven has little to nothing to do with whether you initially did a 12k or 15k and everything to do with the state of the current used car market.