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For example, if you lease a 2023 Honda Pilot and exceed your mileage limit by 5,000, and your per-mile charge is 15 cents, you'll have to pay an extra $750 when you turn in your leased car.
Enterprise, for example, extensively details when unlimited mileage is available, and when it’s not. For vehicles with mileage limits, renters get charged $0.10 to $0.25 for additional miles ...
Leasing a car may not be top-of-mind for an older person, but it can be a better option than buying a new car for some. ... the lease may also be lower due to the car being under factory warranty ...
Lease agreements typically stipulate an early termination fee and limit the number of miles a lessee can drive (for passenger cars, a common number is 10,000 miles per annum though the amount can be stipulated by the customer and can be 5,000 to 25,000 miles per year). If the mileage allowance is exceeded, fees may apply.
All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits. Legally, only the original manufacturer can "extend" a warranty.
Lessors will use that value to set your monthly lease payments. The best cars to lease, according to Edmunds, are those that retain at least 50% of their original value after 36 months. Using that ...
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