It is possible to get unlimited mileage car leasing, but it is not as simple or as straightforward as it sounds. If you are looking at a normal lease from a dealership, unlimited mileage is not really an option. The majority of standard leases offer 10,000 or 12,000 miles. You can up the mileage for a higher payment. In unlimited mileage leases, it is basically a finance lease. This means that there is a residual balloon payment at the end, which is based on a set amount of mileage. If you exceed the mileage the lease is based on, the residual payment that is due will be much more than the vehicle is actually worth.
Need a Car Loan?
We can help you get financing, no matter your credit situation.
It's FREE, fast and simple!Get Started
Latest in Auto Loans
Special Financing for New Car Buyers
Auto Loans - January 15, 2014
Long Term Car Loans
Auto Loans - August 21, 2013
Jumbo Car Loans
Types of Auto Loans - April 10, 2013
What Is a Good Car Loan Credit Score?
Getting a Car Loan - June 21, 2012
Unsecured Car Loans
Types of Auto Loans - January 26, 2012