Just moved and now will start driving 25K miles a year. Currently in an EQS 450 with a lease ending later this year. I love the EQS (specially for the price point) and the fact that its 10 cents extra per mile.
Any advice would be great from high mileage veterans
Are you trying to find a lease with less than $0.10 per excess mile? Not sure if I’ve seen any recently.
Isn’t just better to buy the car at this point?
Nissan has the lowest cost of excess miles at 10 cents AFAIK.
10 cents on a MBFS lease sounds like a mistake or anomaly.
Tire replacements will be a material portion of your driving expenses going forward so another EQS may not a great choice.
Not sure which state you’re in, but @EZnissan had some $0.10 per over-mile leases with Nissan that could suit what you’re looking for.
Why don’t you just buy a car. Leasing is generally a bad option for high mileage folks. Driving a leased car without a warranty is a hard hard no
Yes, generally because excess mile fees add up quick at 25 or 30 cents. At 10 they may be below the cost of depreciation on an owned car.
Cost of warranty extension is the same regardless of whether OP buys or leases.
they had a .10 on the EQs that year as they were trying to push the models out. yes Tires are something I need to consider.
initially thought was to just purchase a CRV or RAV-4. I am exploring lease options. specially when you consider the depreciation cost after 36 months. At least with a lease you know how much it cost you upfront.
A CRV still may be the best option as a purchase.
And that is actually not a bad reason to lease, even if you drive a ton of miles…
You’re better off buying CPO that has unlimited mileage warranty. Last thing you want is to lease a car out of warranty. And 10 cents a mile? I’d double check that. I have an EQE lease and it’s 25 cents.
Not once it’s out of warranty. OP will be out of warranty in 1-2 years driving 25K miles a year.
Can you post your contract? I’ve been following the EQS market for the last 2-3 years and dont recall the charge ever being that cheap.
For many deals, it was still cheaper to buy extra miles at $.25, but dont recall MBFS offering it for $.10.
I think OP is getting the EQ demo car residual impact of $0.15 per mile mixed up with the over-miles cost for exceeding the lease amount.
FWIW, sprinter van leases are usually $0.15 per mile over. on these high-mile leases.
The warranty cost is the same but it’s a diff situation when you’re repairing a car that isn’t yours and if you truly drive it that much , the value could degrade to the point where you are now forced to make a repair you otherwise wouldn’t given the value of the car, esp as stuff gets mega complicated and more expensive to repair, only to give the car back . And obviously the mileage penalty is not that low
It’s not like these extended warranties are bulletproof either. I think most people I know have had overall poor experiences with in general.
100% correct I just looked and it is not 10 cents!!
Looking at the Acura ZDX which has a 50K 4 year warranty. they have some great deals on them right now. plus if you buy the mileage upfront its 10 cents (this is what the dealership is telling me)
Anyone see issues with this for two years besides the tires?
It’s been recommended on here before and I agree it’s worth looking into form a value perspective at least….with going high mileage you may want to consider a CPO Volvo purchase. Just a thought.
thanks will look into Volvo. I just havent driven this many miles every. I usually barely break 5K a year so I am having to re-evaluate my situation.
I would be SUPER careful with tires. Some 20" tires can be $300 ish EACH and EVs can burn through them around 20k miles. You could easily spend $2000 on tires.
Deals are on non-Type S. With that much driving I’d definitely spring for the Type S: Supercruise, air suspension, better seats.