Can I avoid mileage penalties on a lease?

Question

My lease is due up in February and I have gone way over on miles. If I choose to buy the car at that point, am I still liable for the mileage penalties?

(Please save your "You should buy not lease" comments for someone who cares.)

Thanks! : )

Answer 1

Drive backwards in a parking lot for a few hours to roll back the mileage.

Answer 2

If you purchase the car, no, you are not liable. It is only if you turn it back in.

Answer 3

before you go out and buy your lease.  Look at what will cost you more.  Paying for the miles over (sometimes this cost can be negotiated down with the finance company)  or buying the car and financing the residual amount left on your contract.  Crunch the numbers, you may get yourself in a hole trying to avoid the mileage penalty buy financing the residual amount.  Go look at your contract and see what the buy out at the end of the lease is...it may be worth it just to pay the piper up front.  Plus don't forget about financing, every lender is tightening its belt...you'll most likely be 5.5% or higher.

Answer 4

prop the car up on a jack, put it in reverse and keep a close eye on it. or bust the glass over the mile gauge and crank it back by hand, if the dealership has a problem with it, then tell em'  its your goddamn car and you'll do wut u f****n want with it.

Answer 5

No, if you decide to buy it, the mileage (or any damage over normal wear and tear) won't matter since you chose to purchase the vehicle.

If you turn it in, that would be when the penalty for over mileage would affect you.

Answer 6

No, if you buy it, there won't be any mileage penalties.  There will only be an excessive mileage charge if you return the vehicle.