How Many Miles Can You Put on a Chevy Lease?
When you choose a Chevy lease for your next car, there are a few things you need to do. Pick out the right car, of course, and also figure out how much you can afford for a down payment and your monthly payment. Moreover, you’ll want to think about how many miles you’ll drive per year.
Why is Mileage So Important for a Car Lease?
Knowing your driving habits and understanding how many miles you’ll drive per year are important topics to broach before leasing a car. The reason why it’s simple? It can save you money. The leasing contracts available at our Chevrolet dealership in Dexter, MI have annual mileage limits of 10,000, 12,000, or 15,000 miles.
When you sign a contract, you agree to keep your total yearly miles within the limit you choose. If you exceed your mileage limits, you’ll be assessed a charge at the end of the lease – for example, 30 cents for every extra mile. So, if you exceed the mileage limit by 5,000 miles, you would owe an extra $1,500 when you turn the car in at the end of the lease.
Note that this “excessive mileage” charge is only charged at the end of your lease term, which is usually three years. This means that you could exceed the limit in your first year of leasing a Chevy SUV, but then drive considerably less miles in years two or three.
What Other Options do High-Mileage Drivers Have?
If you love the idea of leasing but you know you’re going to put a lot of miles on a car, there are two options to consider through our Chevrolet financing department.
The first option is a high-mileage lease. A typical high-mileage lease allows for the lessee to drive between 18,000 – 20,000 miles per year.
The second option is a “lease buyout”. If you really enjoy driving the car you’re leasing, you can buy out the lease and own the car outright. The mileage limit would then be moot.
Apply for a Chevy Lease Today
For car shoppers who like the idea of lower monthly payments and driving a new car every few years, a Chevy lease is a great idea. Visit LaFontaine Chevrolet Dexter today to learn more about leasing, and test drive your favorite cars.