I purchased a second lease lol.
Hopefully you stay under warranty! Oh looks like no.
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Nope… Turning it in today. Hopefully I don’t break anything while I launch control the 340 to the dealership.
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$0.25 per mile overage charge
$0.24983 per mile pre-pay
sick hack! 
edit: (kidding, obviously your per-mile overage charge isn’t likely .25
I was curious why it was so many mile, saving about $500 so looks like it was worth it. Definitely cheaper to do 15k to start
Yeah - A few things that had me not do that… #1 - 3 years ago I probably couldn’t afford a 15k/year lease… #2 - I had no idea I was going to use those kinda miles until about a year into it.
#3 - I dont care as much now because you only live once and the last 3 years were great with that thing.
Don’t forget tax is included in mine and not the contracted .25/overage. So If I purchased it at lease turn in it would be $0.2716!!
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Assuming that was a 3 year lease, only $171.75 per month on top of whatever you were paying. Glad you enjoyed it!
Lol I did but don’t forget i also drove it an additional 25k miles. It’s not like I paid an additional 172 for the original agreement
Everyone who talks about needing a second lease due to being over miles should look at your numbers. Way cheaper just buying extra miles, avoid extra taxes/insurance/registration and you got to drive those miles I’m a very nice car.
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I’ve bought another car to not pay over miles on my lease before. Back in 2007 I leased a low optioned X3 3.0si for 3 years/15,000 miles per year (45,000 miles total). After 2 years, my wife put 38,000 miles on it. At the rate she was going, I was looking at about 11,000 miles over ($2,800 including tax). At the time I had a 1990 E30 325iA 2 Door (That I paid $950 for) rotting away in a parking spot of my apartment complex. It just so happened that the E30 was eligible as a Cash 4 Clunker car. I got $3,500 for it and traded it in on a (purchased) 2010 Acura TSX for my wife. We drove the X3 sparingly until the lease was up. In retrospect it wasn’t a smart financial decision. We were paying for 2 cars at once and not using the X3 that much.
In 2012, I leased a leftover 2011 E90 BMW 328xi for 30 months/20K per year (stayed within the warranty/free maintenance period). I turned the car in with just over 50K miles.
In 1999 I leased a 2000 Saab 9-3 Base model for 36 months/12K per year. I turned the car in when the lease in December 2002, the odometer rolled over 36,000 miles just as I pulled into the dealership. As I signed the odometer declaration, the salesman asked me how many miles were on the car. I told him, “36,000.” He replied: “36 Thousand and?” Dead even I told him. He went out to check and said he’s never seen it exactly at the mileage. A few over, a few under, but never exact. He then asked if there was any gas in the tank. I said yes, there should be enough to get to the back of the dealership. (I had just put $1.00 worth of gas in it when I got off the highway).
This time around I got smart. I leased a Tacoma for 24 months/15K per year knowing that I will go over. Whether you buy up front or after turn in, TFS only charges $.15 per mile over.
I have learned that even if you go over miles, it is just cheaper to pay up than to go out and lease another car. For me since I drive over 20,000 miles per year, it is cheaper to lease than buy because whatever I drive will always be worth so much less due to the high mileage i put on.
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I leased 2 cars this go around, super flexible and cheap. Started the Bolt Jan 30th with 36mo/12k, my commute pretty much eats those miles. Started a Taco Feb 20th with 39mo/10k, so after the Bolt is done I still have the 
for 4 months and can keep driving that, which should have plenty of miles or grab the next deal if something looks good.
The wife’s car is up Jan of 2022, so she can drive the too if need be. Even with gas prices where they are, I’m $250/mo or less for both vehicles. With tax credits I’m $130/mo on the Bolt plus whatever gas I’m not buying, so right now that would be about $50-70 a month, or $100/mo once things go back up. Then the Taco is $166/mo. Electricity on the Bolt at home probably runs about $5 or $6/mo, it gets plugged in at work for a good amount of charging.
These two replaced a unicorn 3-series fart car that was $238/mo. Of course the more I drive the the higher my monthly goes since I have to buy gas. My insurance costs are higher because I have two vehicles vs one, but before I got the Taco I had an older truck, which I sold before getting the Taco, so no net gain. Living in Colorado it’s nice to have the flexibility of a more capable vehicle for skiing, camping etc or Home Depot runs.
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I’ve been thinking of a way to make the 2 car thing work. I do LOVE having a truck that has come in very handy for work. I also miss driving a car.
I got a Tundra pickup as a second vehicle that can also be used for winter and around the house projects. My next “daily/3 season vehicle” will be a sportier car.
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Your tax credits are 120 a month ie 4.8k?
Gas savings are 50-100 a month?
Impossible. Unless your electricity is free.
$2000 tax credit = $55/mo over the term, payment is $185/mo minus the $55 = $130/mo
Don’t pay gas of $50-100 a month, I charge it about twice a month, 50%ish of the battery each time at $0.11/kwh so about $6/mo to charge. Electricity at work is free, I maximize charging there by never charging over 75% at home. Trying to get them to install level 2 charging, then I would never charge at home. Monthly commute is just under 1000/mi a month
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The powerplant in the sky costs money to harness. A medium solar installation of 4 kw is around 12-15k after tax credits. Charging free at work is, as mentioned, nice but on a level 1 charger is hardly worth it.
Generally if you are driving normally and charging at home I have found the electricity costs are around 3-5 cents per mile. So at 30 mpg for an equivalent car, you are at $1.00 to 1.50 per gallon equivalent. Now that gas is retailing for 1.50 there is minimal gas costs savings.
I work 10 hour shifts, i’ll take the free 640 miles a month! Basically brings it down to less than a cent a mile. Gas is already creeping back up, it’s already up to 1.56 from 1.25. I don’t think it’ll be that long until it’s over $2, stuffs opening up/people go back to work/road trips. Air travel will be down for awhile and i think road trips/camping etc will be up and bring gas prices up quickly.
Not if you’re harnessing it already for other purposes. Maybe instead of selling it back to the grid he can use it on his vehicular.