We have a GMAC lease and we are way over the miles. do they always bil you for extra miles?

Question

We are 32,000 milesover on a 4 yr lease and we want to turn the car in, is there any chance they will let the miles slide? or do they always send you a bill for extra miles? Thanks

Answer 1

You have to assume that they would charge you full price for the miles you have travelled over the Lease agreed miles.

  If you were turning in the vehicle and buying another one from the same dealer, there is a chance they would try to absorb the cost into you new vehicle purchase.

  On several leases you could buy the vehicle instead of turning it in on the lease. Then you could sell the automobile for the fair market value, trade it in after the purchase is complete, or you could just drive it till the wheels fall off.

  Your best bet is going to be exploring all of your options and seeing what puts you in the best financial position. Just don't go to the first dealer and take what they tell you that you are going to have to pay and accept it as you have options.

Answer 2

Of course not.  You signed an agreement to use only a certain number of miles, and agreed to pay a certain amount per mile if you used more than that.  When you turn it in they WILL bill you for the overage.

Of course, if you buy the car at the end of the lease, it won't matter.

Answer 3

Yup, read your lease contract.  Generally, its $.07 over.

Answer 4

Does the sun come  up in the morning. The sun will miss before they forget overage

Answer 5

Does a bear **** in the woods?

"edit"  definately not going to be .07 per mile over, it'll be more like .15-.18