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
Typical Interest Rates for Good and Bad Credit
Car Loan Rates - March 31, 2015
Manufacturer-Specific Auto Loans and Subprime Lending
Types of Auto Loans - February 11, 2015
How Car Loan Interest Works
Managing Your Auto Loan - December 4, 2014
What Subprime Means
Bad Credit Car Loan - October 29, 2014
What You Need to Qualify for an Auto Loan
Getting a Car Loan - October 29, 2014