Quote:
Originally Posted by pit1
What mileage are we talking about here? Assuming 10K, typically what BMW advertises. Not enough for me.
Anyone know if you can negotiate lease with mileage allocation greater than 15K? I need 20K minimum. Likely not cost effective, and for that I always purchase, but considering a the first MY again. Would rather lease a buggy car than have the frustration of owning it.
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Yes you can. Start with the 15k residual. They charge $0.15 for each mile above 15k per year. So for 20k miles per year, that's $750 extra per year or about $62 extra per month before tax.
People usually think high mileage leases don't make sense. I think the opposite is true... BMW charges so little for the extra miles vs what you'd lose in resale if you bought it. If you 20k or 25k miles per year leasing can definitely be a good option. Most people (incorrectly) dismiss the lease in that case because they think it'll be much more expensive but it actually isn't.