Will Be Slightly Exceeding My Lease Mileage Estimate
Thread Starter
Senior Member
Joined: Apr 2007
Posts: 343
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From: Palm Beach Gardens, Fl
‘08 E-350 Sport, C6 Vette & Harley Davidson
Will Be Slightly Exceeding My Lease Mileage Estimate
In my 2 year lease, I estimated my mileage to be 10,000 per year.
However, after averaging my first 43 days of 90.7 miles per day, then multiplying that
times 730 (2 years) it totals 66,211 miles at the end of two years.
If I subtract the 20,000 allotted miles - that means that I will owe for 46,210 additional
miles. At .25 per mile, I’ll owe them 11,552.
(BUT .. if I continue to use regular gas, I figure - in effect - that will knock 52 off that.)
jimm
==========
‘08 E350 Sport, P2, Black/black, Parktronic,
Voice, Bluetooth, Burl Walnut, Split rear seat,
Wood/leather steering wheel
However, after averaging my first 43 days of 90.7 miles per day, then multiplying that
times 730 (2 years) it totals 66,211 miles at the end of two years.
If I subtract the 20,000 allotted miles - that means that I will owe for 46,210 additional
miles. At .25 per mile, I’ll owe them 11,552.
(BUT .. if I continue to use regular gas, I figure - in effect - that will knock 52 off that.)
jimm
==========
‘08 E350 Sport, P2, Black/black, Parktronic,
Voice, Bluetooth, Burl Walnut, Split rear seat,
Wood/leather steering wheel
Last edited by jimm; Aug 25, 2007 at 08:16 AM.
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Joined: Jul 2007
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From: Central Washington
2011 S550 4Matic;2012 Suburban; '05 FLHTCSE;'06 S 4300 Tiara
Maybe you ought to ride that Harley a bit more. I'm sure it's not leased and where you live you can ride year around. And it probably get's better gas mileage. 
MBWorld Fanatic!
Joined: Jun 2007
Posts: 1,936
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From: Huntington NY
S560
Give it more time, 43 days is not mearly enough to estimate. One trip in there will throw it off, not to mention you drive more when you first get your car. I know I almost make excuses to go to the store...
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From: Arizona
BMW FTW
Give it more time, you are suffering for the new car syndrome its getting driven a lot more than you normally would.. I freaked out with my car since its my first lease but after about 8-9 months things have settled down and even with long trips to the lake I am estimating only going over 2k miles which shouldn't cost me anything if I get a new lease form the same dealer..
If worst comes to worst buy the car then sell it privately or try and sell it yourself while its still under lease a few months before lease is up.
If worst comes to worst buy the car then sell it privately or try and sell it yourself while its still under lease a few months before lease is up.
Thread Starter
Senior Member
Joined: Apr 2007
Posts: 343
Likes: 0
From: Palm Beach Gardens, Fl
‘08 E-350 Sport, C6 Vette & Harley Davidson
You guys are right. It IS that “new car” thing! For the last 3 days I’ve gone
back to my C-6. That’s not so hard to do as I love it. Talk about handling -
the Corvette REALLY handles great and is always an “attention getter.”
So, again: you guys are right! I’ve just gone a little nuts over my new 350.
It is time to “mature-out” and settle down again. Maybe I should just have
bought it. But, however it turns out in the end, is how it turns out. For now
I’m just going to enjoy it .. in moderation.
jimm
back to my C-6. That’s not so hard to do as I love it. Talk about handling -
the Corvette REALLY handles great and is always an “attention getter.”
So, again: you guys are right! I’ve just gone a little nuts over my new 350.
It is time to “mature-out” and settle down again. Maybe I should just have
bought it. But, however it turns out in the end, is how it turns out. For now
I’m just going to enjoy it .. in moderation.
jimm
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From: Charlotte, NC
2002 S430, 2004 Cobra, 2004 Tahoe
I agree with everyone else, it's just the "new" car ordeal...glad to see someone who is excited about their purchase of a MBZ...besides, im sure you'll be able to divide the driving time with the C6.
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From: Dallas, TX
BMW X5, GL450, Saab 9-3, E550
Every time I have exceeded my lease mileage and truned the car back in, even factoring in the extra (often large-ish) payment at the end the cost of ownership was less with a lease than a purchase.
If you had purchased your new car and were going to put 60k miles on it in 2 years, I'm betting it would depreciate more than the 11k you'll have to pay to get out of it at the end.
MB allows you to prepay for miles at a discount and the unused miles are refunded to you. In general it is better not to prepay for miles but look at it on a case by case basis. In my case it came out less expensive to prepay for miles I was certain I'd use.
BMW allows you to call them 6months before lease-end and buy additional miles at a discount (significant savings). From what I've seen, BMW makes leasing the easiest though they are crazy about inflating residuals to keep you in a BMW.
If you had purchased your new car and were going to put 60k miles on it in 2 years, I'm betting it would depreciate more than the 11k you'll have to pay to get out of it at the end.
MB allows you to prepay for miles at a discount and the unused miles are refunded to you. In general it is better not to prepay for miles but look at it on a case by case basis. In my case it came out less expensive to prepay for miles I was certain I'd use.
BMW allows you to call them 6months before lease-end and buy additional miles at a discount (significant savings). From what I've seen, BMW makes leasing the easiest though they are crazy about inflating residuals to keep you in a BMW.
