Can I Get Unlimited Mileage on a Car Leasing Contract?

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November 9, 2016

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.

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Loan approval is not guranteed and is subject to credit application and approval of the lender. Individual loan terms may vary.