Just curious if there is a rule of thumb time frame, where you can add/change the mileage allowance on a lease. The wife will be getting new lease vehicle middle of next year (2024), but she may also be changing her work location.
We’d go from around 9k-10k miles a year of driving ( we do 10k mile allowances ) to possibly 13-14k a year of driving. We won’t know until the end of 2024 though.
Also, any estimates on how much monthly payments usually change from a 10k ( where we usually lease ) to 12k and to a 15k lease?
Any info on how something like this would work would be greatly appreciated.
Allot depends on the bank too, some let you purchase miles at a discounted rate during the lease, in most cases it’s significantly cheaper to opt for the higher allowance upfront
Depending on the lessor you might also be able to do a lease transfer if the number of miles looks like it could become alarming.
You should update your original post with the brand and leasing company if you’d like feedback on all of the possible options that apply to your situation.
Thanks for the info everybody. I cant update the post as some have asked, as I dont know which vehicle brand we will be going with 5-6 months from now. Likely something in the range of a Highlander, Mazda CX90, Grand Cherokee or a QX60. I guess I’ll just have to inquire before we sign, once we decide on a model.
I usually don’t trust anything a salesman tells you that doesn’t involve their dealership.
Heck I don’t trust them on their own answers for things they are supposed to know.
Agreed, my plan wouldn’t be to ask a salesman. I’d likely be leasing through a broker on here based on a deal that entices us. I assume the broker would want to keep their credibility on the site and provide a legitimate answer or at least they could tell me who to contact for the proper information needed.
I’d probably just sign up for a 12k lease. Most likely you could get out of it early with a pull ahead program and avoid the extra miles for the last few months. Figure you drive it 6-9 months at a 9-10k/yr rate and then switch to 13-14k/yr, you will end up not far above even if you take it the full term (on a 36 month). If you can get out 3-6 months earlier into a new lease you would be under the limit or barely over. The monthly difference between 10 to 12k on the cars you are looking at shouldn’t be more than maybe $15-30/month (probably $20).
