IS there any lease out there with no milage limit?

Question

I drive a TON for work and after seen what i have done to my old car (gone from 44000 to 160000 in 3 years) I have learned its probably best for me to lease so that I dont have to worry about the depreciating value of the car, however I can see dealers know this and all the lease options I have found only allow you to drive 12000per year do you know of any that have no limit?

Answer 1

The thing is dealers plan on selling your car after the lease so they don't want to eat the depreciation either. That's why there are caps on mileage. They anticipate the car being worth a certain amount at the end of the lease.

Answer 2

Doubtful, a lease contract must contain certain restrictions to be able to determine a lease end value on which a lease payment can be set. Only option would be if you guaranteed to purchase the car at lease end for a pre-specified amount, regardless of mileage.

Answer 3

There are companies but are more expensive, that's why they always allow you 12000-18000 per year. Maybe if you rent, you can move near your work, closer.

Answer 4

Since a lease is renting miles, no.  If you want unlimited miles, don't lease, buy the car.

Answer 5

Unlimited? No... that would defeat their whole purpose for leasing vehicles. You can prepay for more miles up front, or tailor a lease to your mileage if you have a good idea of how many miles you drive per year.

If you work for a company that pays you mileage, I'd see if they have any kind of deal with a leasing company that you can piggy-back off of.

EDIT--- So, you didn't get the answer you wanted ("Yes, there are magic places that do unlimited-mileage leases.") and you thumbs-down folks for that?  Troll.

Would I lease in your position? h**l no. However, if you can find a business lease for it, it'll be your best bet. We have 10 fleet trucks that we lease every 3 years, and we have 40,000 miles-per-year leases on each. It can be done, but is usually reserved for commercial leases.

**EDIT** -- my apologies, didn't mean to call you a troll. Shouldn't have accused you, either.

Answer 6

Some of the small independant lease companies will do a lease like you need but it is VERY expensive because the car has very low value at the end of the lease.

Answer 7

I used to be in a similar position.  I was driving over 5,000 miles per month for about one year and one-half.  I certainly didn't want to put this much mileage on a vehicle that I owned, and the mileage restrictions on a lease were untenable.  I also did not want to put myself into a big payment that I would have for longer than the vehicle might survive, or end up in a position that didn't require so much driving, and still be stuck with the payment.

The other issue I faced was the cost of maintenance, both in time and in dollars.  I figured out a way to solve these issues, and to always be driving a new car, rather than a car that I am beating to death!

Avis offers a mini-lease, which allows you to lease a vehicle for two months up to one year, at much lower rates (usually) than just renting a vehicle.  This is also cheaper than buying another new car every three years!

Some of the advantages include:  

* Always driving a new car

* They pay for the maintenance (car wash, oil change, tires, etc.)

* Free Roadside Assistance

* Change vehicles whenever necessary

* Unlimited miles!

* Limited Auto Liability (see below)

If you are not already a Preferred Member of Avis, sign-up at the website below.  My company gets really good rates, so feel free to enter L356166 for your AWD #.  After you sign-up, upgrade to preferred membership at the second link (it's free, gets you free upgrades, and saves you time).  Another benefit with our AWD# is that your liability for the vehicle on business rentals is only $3,000 (based on our contract).  This means that even if you total the car, you are only responsible for $3,000 worth of damage.

You still want to keep your old car, even if just parked in your driveway, because you need your insurance to continue to cover you.  Be sure to start the car once a month and let it run for 10-15 minutes, or drive it a few blocks, so the battery doesn't die and your fluids don't gel.

Also, you want to keep your car, because obtaining non-owned vehicle insurance can be difficult and costly, but your current auto insurance should cover you, as you are using the rental car as a replacement for your regular vehicle.  Check with your insurance agent to be sure.

Pray for lower gas prices.  That's gonna hurt!

Good luck!