Lease mileage

[Staypuffman]

When i got the lease i thought 10k miles a year would be plenty.

But i love driving the Model3, i i find myself doing alot more driving so far.

Its a 4 year lease, should i be worried about going over the agreed amount?

 

[Jason71]

If you do you will pay per mile at an agreed rate. Check what that is. If you can't afford it worry or do less miles.

 

[Neilman]

How about trying to put aside a regular "happy mileage" budget fund to cover the anticipated cost of going over the allotted mileage?
If you need it at crunch time it's there and if, after all, you don't it becomes a bonus for something else.

 

[ShaunMYLR]

You can also contact your lease company who can amend the milage but I think your are limited to how many times/and at what point during the lease contact it can be amended. Its very likely will increase the monthly payment.

 

[greenbottle123]

No it doesnt matter because by the time 4 years are up you might do less than expected in year 3. Say for if theres another lockdown. Also the leasing company try to pester you yearly on your current mileage. Guess what you dont need to tell them. Also what happens if you have a claim and its a write off? It will only end up getting paid off and job done no extra mileage fees

 

[MrMoonUK]

It’s always cheaper to change the terms on a lease than pay the mileage fees at the end. In my experience lease companies will do this unless in last 3 months

 

[I’mWhat’sUp]

I got the max in my lease of 15k miles. I don’t drive much but I think I clock around 20k a year. 10k sounds like its for someone about 80 years old and doesn’t go out much.

 

[WannabeOwner]

10k sounds like its for someone about 80 years old and doesn’t go out much.

You are in America and posting in a UK forum. Average USA miles per year is twice that of the UK

 

[bobbylodge]

When i got the lease i thought 10k miles a year would be plenty.

But i love driving the Model3, i i find myself doing alot more driving so far.

Its a 4 year lease, should i be worried about going over the agreed amount?

I've been thinking the same thing recently. I've got a 15k per year lease plan but think it will be closer to 20k in reality. My lease company can amend the mileage but only in increments of 10k so I'm going to review after year 2 and then make any necessary amends to level up if required.

 

[Waltagon]

It’s always cheaper to change the terms on a lease than pay the mileage fees at the end. In my experience lease companies will do this unless in last 3 months

This is what I am thinking. Gone for 12k x 4 years. Will review after 1 year and if needed ask for an amendment to the lease. Not usually a problem but if it is ill manage it. If I needed an increase it would be to 15k max. If its a problem ill just manage it and accept a payment in the end. Wit a prior year I went over the mileage by about 1k over a 3 year time and didn't get charged at all.

 

[yessuz]

I did my calcs and saw that I will end up with 20k miles (5k in 3 months already...). with 20k pa lease becomes too expensive...

 

[stolengoat]

I did my calcs and saw that I will end up with 20k miles (5k in 3 months already...). with 20k pa lease becomes too expensive...

In that case, cut down on the mileage. You've leased a car based on what you can afford, knowing how many miles you are allowed. If you like driving the car then that's brilliant, but stick to your allowance to avoid financially hurting yourself. This may sound harsh (apologies if so), but it's the reality.

 

[yessuz]

In that case, cut down on the mileage. You've leased a car based on what you can afford, knowing how many miles you are allowed. If you like driving the car then that's brilliant, but stick to your allowance to avoid financially hurting yourself. This may sound harsh (apologies if so), but it's the reality.

i did my calcs before purchase... and bought a car with tesla loan but thanks for the insight

 

[Adopado]

I got the max in my lease of 15k miles. I don’t drive much but I think I clock around 20k a year. 10k sounds like its for someone about 80 years old and doesn’t go out much.

Average UK mileage used to be 12,000 miles ... nowadays it's 10,000 miles. Plenty do a lot more, or less but that's the average so not just the old folks! People with 2 cars probably have one that does a higher mileage than the other.

 

[WannabeOwner]

nowadays it's 10,000 miles

Not sure its even that much (2020 apart ...)

www.google.co.uk/search?q=Average+UK+mileage e.g. The National Travel Survey England 2019

 

[_MJF_]

People with 2 cars probably have one that does a higher mileage than the other.

Almost certainly, it'd be nearly impossible to keep them both the same.

 

[Adopado]

Almost certainly, it'd be nearly impossible to keep them both the same.

yeah yeah yeah ...