Question About Lease Buyout and Mileage

[Letho_Gulet]

I’m new to leasing and have a quick question for my BMW i7. I’m currently leasing a car for three years with a limit of 10,000 miles per year. However, I’ve realized I’ll likely use only half of that mileage by the end of the lease.

When it comes time to buy out the car at the end of the lease, does the fact that I’ve driven significantly fewer miles affect the buyout price? Or will it strictly follow the purchase price outlined in the lease agreement?

it’s my first time navigating a lease, so I appreciate any advice!

 

[NoWine]

Nope, it doesn't affect the price. This is available if you pass the 10k, too.

 

[jerawrr]

I’m new to leasing and have a quick question for my BMW i7. I’m currently leasing a car for three years with a limit of 10,000 miles per year. However, I’ve realized I’ll likely use only half of that mileage by the end of the lease.

When it comes time to buy out the car at the end of the lease, does the fact that I’ve driven significantly fewer miles affect the buyout price? Or will it strictly follow the purchase price outlined in the lease agreement?

it’s my first time navigating a lease, so I appreciate any advice!

BMWFS can give you some money if you don't drive too many miles. Usually, the car isn't worth more than the buyout price. But you'll pay sales tax if you buy it out.