Leasing is a terrific option for those wishing to drive a new car every two to three years. Of course, with a lease comes terms and conditions, one of which is mileage limit.
You cannot surpass a certain number of miles per year without incurring an additional fee. What is the average mileage of a BMW lease in Baltimore, MD?
Average Annual Lease Mileage
Mileage limits vary depending on the contract. However, the average mileage limit is between 10,000 and 15,000 miles. If you surpass the limit, then fees average around 10 to 25 cents for each mile after the limit. This lease option suffices for 90% of commuters who are able to get a fairly accurate gauge of their mileage month to month and keep a close eye on the odometer.
If you expect to exceed the mileage limits, you may inquire about high-mileage leases. As suggested in its name, these are leases with higher-than-average mileage limits written in the contract. These usually range between 18,000 and 20,000 miles.
Is a Lease Right for Me?
High-mileage lease contracts make leases an affordable option even for frequent commuters. There are, however, other provisions to consider. Driving within the mileage limits of a high-mileage lease also means you’ll likely exceed the warranty limit.
You may also want to consider purchasing an extended warranty. If the additional cost of a high mileage lease and extended warranty are within your budget, then leasing can definitely be a viable option.
Come by BMW of Catonsville to browse our inventory. We have leasing options for 2021 models like the BMW X3 and more. Our dealer can help you determine whether a lease or a car purchase is right for you.
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