Early lease end / buy more miles.
03-13-2015, 10:58 AM
#1
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2004 E320 / 2007 C230
Early lease end / buy more miles.
Leased a 2015 c300 two weeks ago at 12k/year 36 mo. Now I might think this may not be enough miles. Do you think its worth buying extra 9,000 miles at $2,250 or should I use the lease pull ahead program around the time I'm approaching my miles and just get into a new car?
03-13-2015, 11:58 AM
#2
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1. You can pre-purchase miles ahead of lease return. at a rate of $0.20/mile. Whatever you don't use, you will get a refund on the amount. When you sign up in the beginning, the extra miles you get are at approximately $.15/mi., but whatever you don't use, you lose.
You need to give some time after you get the car to pre-purchase the miles from what I've been told. You may want to verify that.
2. If you do the pull ahead program, your miles will be pro-rated. So if you return your car at 32 months, you should have 32k miles at that point. So it's essentially the same, and the only benefit you get you don't have to pay more out of pocket if you'll continue to increase miles in the last 4 months greater than 1k miles/month.
You need to give some time after you get the car to pre-purchase the miles from what I've been told. You may want to verify that.
2. If you do the pull ahead program, your miles will be pro-rated. So if you return your car at 32 months, you should have 32k miles at that point. So it's essentially the same, and the only benefit you get you don't have to pay more out of pocket if you'll continue to increase miles in the last 4 months greater than 1k miles/month.
03-15-2015, 05:26 PM
#4
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