I joined today to get access to Rate Findr for a possible BMW m340i lease. While scrolling through different topics and deals, I noticed that it seems like nearly every deal listed is for 7.5k miles/year. Are people really only driving that few miles a year or are these just a base/teaser quote? I need a 15k/yr deal and am not sure what to do with the 7.5k/yr deals I see offered. Thanks in advance for reading my noob question.
No its an advertising tactic to make the payments look more attractive
to go from 7.5k miles to 15k miles you usually need to add about 4% of the MSRP to your total lease cost, the exact percentage can vary depending on the bank
Most leases have 7.5, 10, 12, & 15k mileage options. As you increase the mileage tier it reduces the residual value that the lease is based on which as you can imagine, increases your costs.
With the RateFinder integrated in the LH Calc you can adjust the mileage and the RV will auto-populate.
Another scenario is that if you lease a high MSRP ($100k+) car, it is usually cheaper to pay per mile for extra mileage than paying for the lower residual upfront.
BMW has a very efficient lease transfer process. If you get a good enough deal, you can transfer out before lease end. Even if you have to offer a transfer incentive, it’s usually less than the cost of the upfront RV hit to buy miles. If you get a really bad deal, there is often excess equity at the end of the lease, so you buy out the vehicle, and avoid any mileage over charge. Finally, life has a way of changing unpredictably. If I don’t transfer out, or buy out, I’d rather not be locked into pre-paid miles, when I can buy them tax-free and rent-free at the end of the lease.
So, under this logic, it would be better to lease at 12k miles for 36 months, even though I know my average miles per year the last 4 years has been around 13,750, than a 15k lease?
It’s hard to say without knowing all the other parameters of the deal. At worst, you are 5,250 miles over and at $0.28/mi (w/ BMW discount) that’s $1,470. My personal opinion: First try to transfer out after 12 months, assuming $0 DAS, while you still have a very reasonable number of total miles left. Otherwise, depending on the payment, parking the car 4 months early would be a wash. I would probably bet on one of these two options becoming superior, and at worst be stuck paying $1,470 at the end. Otherwise, look into a brand with cheaper mileage overage or a balloon loan.
Because brokers only sell cars to stay at home parents and senior citizens, obviously.
Or folks with multiple cars. I wish I could have opted for 7500 miles on my 992 lease and saved some dough. There is no way I am going to get anywhere close to 15k miles in one year, even if I drive it as much as I possibly can. I would be very surprised if I even do half that.
Because I have way too many cars
Definitely check an under miles/great condition 992 buyout against current market value and it might behoove you to buy it out.
Oh, most definitely. The way these leases are structured, they are almost all interest, but there still could be something there, especially since it is a manual.
Let’s not kid ourselves, it’s to advertise the lowest payment available. It’s not that serious!
$200 per month plus drive-offs (effective $600 a month). 
Yes, for people who have multiple cars per driver or WFH or work really close to home or take the subway etc etc
I would say don’t focus on anyone else’s situation. Focus on your own. Changing a 7.5k lease into 15k is cheaper than doubling your miles on a brand new BMW you purchased. There’s no way around this simple fact: The more you drive the more it costs.
Your first question should be did you find a good deal?
Who cares? The only data point you should be pulling out of shared deals or listings is the pre-incentive discount. The mileage has no bearing on that. With that info, you can structure a target deal appropriate for your personal situation. Looking at posted monthly payments for comparison has a lot more problems than just the mileage not being what you want. It is also different tax structure, incentive qualifications, applicable gov fees, etc.
It’s all math
Also because half of the people on this forum are leasing extra cars they don’t need because the deal is so good 
.
This is how I ended up with a different EV for every day of the week.