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Who Offers High Mileage Leases?
Leasing a car has become an increasingly popular option for many consumers who prefer not to commit to long-term car ownership. While standard leases usually come with mileage restrictions, there are certain situations where individuals require high mileage leases. These leases accommodate individuals who drive long distances regularly, such as salespeople or commuters. In this article, we will discuss who offers high mileage leases and answer some frequently asked questions about this type of lease.
1. Toyota: Toyota offers high mileage leases through their Toyota Financial Services. They provide flexible leasing options with mileage allowances up to 20,000 miles per year.
2. Ford: Ford offers high mileage leases through their Ford Credit leasing program. They provide options for higher mileage allowances, enabling drivers to lease a Ford vehicle with up to 19,500 miles per year.
3. Honda: Honda also offers high mileage leases through Honda Financial Services. They provide leasing options that allow up to 20,000 miles per year.
4. Chevrolet: Chevrolet offers high mileage leases through their GM Financial leasing program. They provide options for up to 20,000 miles per year.
5. Subaru: Subaru offers high mileage leases through Subaru Motors Finance. They provide leasing options that allow up to 15,000 to 20,000 miles per year, depending on the model.
6. Nissan: Nissan offers high mileage leases through their Nissan Motor Acceptance Corporation. They provide leasing options with mileage allowances up to 20,000 miles per year.
7. Audi: Audi offers high mileage leases through Audi Financial Services. They provide leasing options that allow up to 30,000 miles per year, making them an attractive choice for those with extensive travel needs.
8. BMW: BMW offers high mileage leases through BMW Financial Services. They provide leasing options with mileage allowances up to 30,000 miles per year.
9. Mercedes-Benz: Mercedes-Benz offers high mileage leases through Mercedes-Benz Financial Services. They provide leasing options that allow up to 30,000 miles per year.
10. Volvo: Volvo offers high mileage leases through Volvo Car Financial Services. They provide leasing options with mileage allowances up to 25,000 miles per year.
11. Lexus: Lexus offers high mileage leases through Lexus Financial Services. They provide leasing options that allow up to 20,000 miles per year.
12. Hyundai: Hyundai offers high mileage leases through Hyundai Motor Finance. They provide leasing options with mileage allowances up to 20,000 miles per year.
FAQs:
1. What is considered a high mileage lease?
A high mileage lease typically refers to a lease agreement that allows for more miles per year than the standard lease. It commonly ranges from 15,000 to 30,000 miles per year.
2. Are high mileage leases more expensive?
High mileage leases usually come at a slightly higher cost compared to standard leases due to the increased wear and tear on the vehicle. However, the exact cost may vary depending on the leasing company and the specific terms of the lease.
3. Can I negotiate the mileage allowance on a lease?
In some cases, you may be able to negotiate the mileage allowance on a lease. It is recommended to discuss this with the dealership or leasing company before signing the lease agreement.
4. What happens if I exceed the mileage allowance on a high mileage lease?
If you exceed the mileage allowance on a high mileage lease, you will typically be charged an excess mileage fee at the end of the lease. The fee is usually calculated per mile and can vary depending on the leasing company.
5. Can I purchase additional miles upfront in a high mileage lease?
Some leasing companies offer the option to purchase additional miles upfront at a discounted rate. This allows you to increase the mileage allowance and avoid excess mileage fees at the end of the lease.
6. Are high mileage leases only available for specific vehicle types?
High mileage leases are generally available for a wide range of vehicle types, including sedans, SUVs, and trucks. However, the mileage allowances may vary depending on the leasing company and the specific vehicle model.
7. Can I lease a luxury vehicle with a high mileage lease?
Yes, many luxury vehicle manufacturers offer high mileage leases, allowing you to lease a luxury vehicle with a higher mileage allowance.
8. Can I transfer my high mileage lease to someone else?
In some cases, you may be able to transfer your high mileage lease to someone else. However, this process typically requires the approval of the leasing company and may involve transfer fees.
9. Can I lease a used car with a high mileage lease?
While high mileage leases are more commonly associated with new cars, some leasing companies may offer high mileage lease options for used vehicles. It is best to check with the specific leasing company for their policies on high mileage leases for used cars.
10. Are high mileage leases available for commercial vehicles?
Yes, high mileage leases are available for commercial vehicles. Leasing companies often provide options tailored to the needs of businesses that require vehicles with higher mileage allowances.
11. What are the advantages of a high mileage lease?
The main advantage of a high mileage lease is the flexibility it offers to individuals who drive long distances regularly. It allows you to enjoy the benefits of leasing without worrying about exceeding mileage restrictions.
12. Are high mileage leases a good option for everyone?
High mileage leases are a good option for individuals who know they will be driving more miles than the standard lease allows. However, if you do not anticipate driving a significant number of miles, a standard lease may be a more cost-effective choice.
In conclusion, several car manufacturers and their respective financing companies offer high mileage leases, accommodating individuals who require more miles per year. It is crucial to consider your driving needs and compare lease options from different companies to find the most suitable high mileage lease for your requirements.
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