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Old 09-08-2007, 11:31 PM
jmatz jmatz is offline
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Location: Chicago
Join Date: Aug 2007
Posts: 29
Mein Auto: 2007 platinum bronze x3
Adjusting the miles/yr amt.

Originally Posted by BayAreaBMWFan View Post
You can buy extra miles above 15K/year. I think the rate is 15 or 16 c/mile. If you buy them initially you also get a refund of unused miles over 15K/year if you do not use them by the end of the lease. So for a person driving 22.5K miles per year, the extra charge will be around $1100/year. I would be more concerned about driving the car out of warranty on a 3 year lease than the miles.
The dealer I am negotiating my lease with told me today that I can always adjust the miles/yr amount upwards, as long as I still have a year or more left on the lease. So on my 24mo. lease @10k/yr., if I realize in the 11th month that I'm already at 11k or more, I can ask them to up my amount to 12k per year and begin paying the difference with no $ penalty.
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