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      02-25-2013, 04:23 PM   #1
Dude man
Axxlrod's Avatar

Drives: 550 M Sport/MB GL450/Acura NSX
Join Date: Jan 2007
Location: San Diego

iTrader: (0)

10k mile lease and just buy extra miles as needed?

So I'm trying to figure out which is the better way to go financially.

I drive 20K miles per year.

Is it better to just do a 36 month lease with only 10k miles per year to get the lower payment, and then buy the additional miles needed at .15 cents per mile?

Or go with the 15k miles lease and still buy the extra miles needed at 15 cents each, but have to buy less of them?

According to my math, BMW charges about .52 cents per mile when you break down the cost per mile of a standard lease. So wouldn't it be better to lease for the smallest amount of miles, 10K, and then buy any additional miles at only .15 cents each?

What am I missing here?