Can I Get Unlimited Mileage on a Car Leasing Contract?

October 14, 2013

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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