High mileage car leasing remains quite among people who need to use the car as a part of their job. In fact, there might be several reasons why you might be interested in a high-mileage lease. From being able to get a new model in every few years to being assured that you would always have a reliable vehicle to drive, a lease is always a great option. But what happens if you drive way too many miles to be able to qualify for a typical lease? The question here is if you would still be able to get a high-mileage lease.
Understanding High Mileage Lease
The idea of getting a high mileage lease is one option for people who plan on driving a lot. There are several companies that offer such leases and you would, in fact, be surprised by how high they can go. For an appropriate price, the automakers would offer about 15,000 miles leases or at times even more than that say about 18,000 to 25,000 leases. The main aim should be to find one with the appropriate price or else these can seem rather expensive.
The reason why they are more expensive than the normal leases is that when you are returning a car that has higher miles, it would be worth rather less. This means that the automaker would not be able to make as much money when he decides to resell the car. Since it is you who is going to put all the miles on the car, the automaker puts all of the additional costs on you.
Benefits of Opting For High Mileage Car Lease
With the high mileage car leases, come several benefits. Listed below are a few of them.
- The number of times that you can use the car can be utilised for like say two to three years can be fixed easily with such a lease. Most companies understand the safety of the people and therefore this step.
- The terms and the mileage for this kind of lease are quite flexible. All you need to do is tell the company what you need and they would prepare a contract by considering all of your needs.
- An optional maintenance package in order to cover the servicing, maintenance, as well as the tyres, can also be added. This means a fully maintained lease. You can sit back and relax while the company collects the car for the new tyres as well as the servicing. Most of the companies often have a dedicated maintenance line and that is all that you need.
- You can claim back a portion of the VAT in case you are a VAT-registered business. You can make your claim on the maintenance rentals and the finance rentals.
- There are no concerns regarding the disposal or depreciation. Plus, you would have a car for whenever you need it.
Whatever you do, it is important that you get an estimate before you actually sign the papers. This would help in determining if it is the right choice for you.