Autotrader: What to do if you go over, or way over, your car lease miles

by | Oct 7, 2022 | Stock Market

You’ve leased a car, and you realize that you went over your mileage limit. This problem is pretty typical for drivers who lease vehicles. It happens more often than you think. So when you’re in this situation, what do you do? We’ll tell you about all your options, including what happens if you exceed the allowed miles in your car lease, how much it could cost you, and how to avoid this problem in the future.

What happens if you go over miles on a lease?   When you decide to lease a car, you drive the vehicle for a certain amount of time, then return it after the lease contract is up. However, you also get to decide the annual mileage you expect before you lock in the rate at the start of the lease. But what happens if you go over the agreed-upon limit? Here are your options if you know you got close to or exceeded the mileage on your lease.1. Turn the car in early Due to economic factors, dealers today may want you to turn in the leased vehicle early. Today, many leased cars are wor …

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