What to Do if You are Over Mileage on Your Leased Car...

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  • čas přidán 27. 08. 2024
  • Mark Alderman is an industry expert on auto leasing. Here he shares his insight in handling exceeding the mileage limit on your leased car or truck.

Komentáře • 6

  • @Rizzy_K
    @Rizzy_K Před rokem +12

    Like he said, if you can afford it, buy the car outright and try to sell it at market value or at least get to as close you can to breaking even. I was in this situation recently with chevy where I drove 20k miles over and was bound to pay around $5000 in mileage fees. I bought the car for around 19k and sold it for 18.5k, only losing around $500 in the process.

  • @Kiama17
    @Kiama17 Před rokem +2

    What if you plan on buy it at lease end and go witb the lowest mileage, Does your purchase amount at lease end and payment change ?

  • @pimpslapahoe
    @pimpslapahoe Před rokem

    You remind me of Bobby axelrod from series Billions

  • @johnnyyang38
    @johnnyyang38 Před rokem

    But now model y or 3 can’t be bought back . 🙁

    • @johnnyyang38
      @johnnyyang38 Před rokem

      I mean if you leased the car

    • @AldermanCars
      @AldermanCars  Před rokem

      Great Point, Johnny. Buyer (or Lessee) beware with Tesla.