Absolutely not! The goal was to lease it out, lower the payment, and sell it the same way I did my huracan a few years back with break even or minimal loss. No point in increasing mileage or minimizing term for higher payment. I’ll enjoy it for as long as I want and either: private party sell it or trade out of it. Good question!
can’t believe the lease deals only allow 2500 miles a year. that’s bonkers. there’s a real estate agent near me that treats it like it’s their daily, I bet he puts like 20k miles on it a year
Hey Heinz- I intentionally lowered the miles to 2,500 but still daily the vehicle. During a lease, as long as you execute on 1 of the following 3 strategies, then mileage will be rendered irrelevant.
Private Party Sell prior to lease maturity
Trade- In: if you are offered a reasonable price you can trade into another vehicle.
Purchase at residual at maturity
In all 3 situations, a lessee won’t be liable or any overage in mileage. The key here is to not run the lease to its end and turn it in. That would be PAINFUL
Matt, you can contractually be held liable for any after market modifications to a leased vehicle IF you turn it in at the end. In this case the local dealer complimented it and shared there wouldn’t be a penalty. Regardless, it’s never wise to turn in a leased vehicle unless you originally negotiated a horrible deal and got a bad sale price of the car. Either way, I’m selling it or trading in another 2-3 years.
This is cars for Richie rich guys - car guys driving civics and Gr corollas- trust me you’ll never pull a West Hollywood/ Beverly hill going hottie in a Corolla
yeah. thats a gamble i feel like isn’t it? if you cant do either of the 3 for a reasonable price, then it will cost you bigtime. when i lease a car if i cant do either of those 3 then i like knowing i can fall back on surrendering the car and walk away. but i also don’t shop lamborghinis. lol
No way- may as well act like “The Joker” and burn money. I will flip it in 2-3 years. I posted details about the experience on my TikTok (@thecarhacker) would love my fellow brothers’ support if you guys are ever on there
The goal was to lease it out, lower the payment, and sell it the same way I did my huracan a few years back with break even or minimal loss. No point in increasing mileage or minimizing term for higher payment. I’ll enjoy it for as long as I want and either: private party sell it or trade out of it. Good question!
