first time leasing trying to find answer in forum but nothing was clear so here it goes. If i pick up a loaner car lease that already has 3k miles and i sign for 10k 3 year lease do i only have 27k miles for 3 years or i still get full 30k? just wondering the reason there are better deals on loaners . thanks,
The full 30, but the existing miles will lower the residual.
thank you. i was worried i will only get 27k.
It depends on brand too, existing mileage on GM loaners does count toward your overall (you would get 27k for 3 years), whereas BMW, Mercedes, etc. you would get your full 30k.
Here’s a link to a post about a GMC loaner: Loaner GMC Terrain $150, including tax
I dont this that is true, @chevysalesgirl recently debunked this myth from what I remember
I couldn’t find that post - care to link it so I can be better informed?
Did another search and found a post from 11 days ago regarding a Caddy demo and how the miles would count toward their overall total. I definitely don’t want to be spreading false info so I’m always open to being corrected, just going off what people have posted here as their experiences.
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haven’t investigated further. busy weekend 
Thank you, sounds like the answer is still rather ambiguous as both scenarios were discussed in that thread! I’ll keep an eye out for further information to make sure I’m best informed.
Did she? Others in the thread I linked below also reported the same thing based on experience…you lose the miles at inception if you’re over 1,000, unless you buy them back. I suspect some sales managers may build those miles back into the lease so someone doesn’t lose them, but officially, GMF says you lose them unless you buy them back.
@mp11477
i took her below comment for what it is but then she said a few days ago she didn’t investigate further so I don’t know.
That screen shot I showed was from the official GM Financial lease guide. With all due respect to all involved, and yes, I know I’m not a salesman, I’d use that as my go to.
As a further data point, I just leased a demo xt5 for my wife…we did, in fact lose the 2k on the clock, which wasn’t an issue to us, so I didn’t buy them back. Also to keep in mind, the maintenance and warranty clock start when the dealer punches the car into service. The warranty isn’t an issue since it’s good for 4 years (and I leased it for 3), but I did lose 6 months of coverage as a result. Since Cadillac changed free maintenance to 36 months instead of the 48 previous, I’ll probably lose an oil change.
that should settle it then.
It’s also possible that it’s a recent thing, my friend leased a demo cadillac 2016 srx and he def didn’t get dinged for miles.
It’s possible. However, there are some sales folks that swear you don’t lose the miles too. My thought is they are building those miles back into the lease w/o the buyer knowing…most likely the sales managers, without the sales folks even knowing too. The dealer I worked with initially presented it that way, and I told him I didn’t care about the loss of miles, so I got another rough 500 off.
so apparently GM reps arent on same page. talked to buyer and customer service. one says you dont change. one says every mile past 1000 is .20 c hit to residual. need to talk to funding to actually see whos right.
I can put this one to rest. The answer to the OP is it depends! 
So, ALWAYS READ YOUR CONTRACT. You contract will clearly state how may miles you are allowed per year. The dealer has the option to either write the lease for either total miles or for miles from the current odometer reading (that is usually handled by the desking manager or a clever finance person if the sales manager missed it).
If you want to get into an argument over semantics, the dealer is either paying for the miles up front or buying down the residual (or whatever you want to call it). That is, if you go for the option of total odometer reading (e.g. 30,000 total miles after a three year/10K mile per year lease) then the residual is higher compared to a contract for 10,000 miles per year plus current odometer (i.e. 1,500 mile demo plus 10K per year or 31,500 miles total). In ether case it MUST be clearly spelled out on your contract. E.g. under option 1, if the demo had 1,500 miles on it the contract should read “9,500 miles per year;” under option 2, the contract will read “10,000 miles per year.” There are probably caveats or technicalities on how each particular lender allows you to calculate or change it (i.e. in increments or cents per mile) but the bottom line is it should be available to you both ways.
It is a similar concept as doing a 18, 19, or 22K mile per year lease. Banks typically publish 10, 12, or 15K leases, anything above that is just prepaid and adjusted for and explained in the handbook. In each case, the contract will spell out your annual allowable mileage.
I’ve been shopping demo XT5s and tried to leverage eating the miles (assuming they’d otherwise have to buy them back) hoping to squeeze $600 more off the selling price.
They claimed it doesn’t work like that and I’d be getting my entire 30k miles (which I don’t actually need).
I can’t get a dealership to share much of anything with me though, so I couldn’t speak to whether or not they’re bringing the RV down.
Why can’t we all get on the same page?? Each lease company is different!
For GM, it doesn’t even matter if it was a loaner or not… mp11477 is correct - if the vehicle has over 1,000 miles on it at lease inception, you lose them or they must be bought back!
I have first hand knowledge of this, my loaner Encore had 3,000 miles on it and I am limited to 30,000 total miles (15k per year lease).
Please stop assuming all the lenders work the same!!
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This isn’t what I was told like two days ago by a dealer. XT5 = Cadillac = GMF.
I realize not all lenders work the same. In this case what you’ve experienced and what I’ve been told by a dealer is different. Same lender.
I don’t think the problem is us. It’s the dealerships either lying or not knowing their ass from their elbow.