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4x4 Magazine | Car, Auto, Used Cars: Up-Front, Ongoing and End-of-Lease Costs

The earlier {$} you end the lease, the greater the early termination charge is likely to be.

The charge may be up to Car, Auto several thousand dollars. Thus, because early 4x4 Magazine termination may be expensive, you may {$} want to select a lease term for the length of time you plan to drive the vehicle instead of Car, Auto choosing a longer term (to get 4x4 Magazine a lower monthly payment) with the idea of terminating the {$} lease early.

Some consumers may choose a lease term equal to the loan term they Car, Auto were considering without understanding the difference if they terminate 4x4 Magazine early. Although a lease has a much lower monthly payment than a loan with the {$} same term, the lease early termination charge will be much greater.

4x4 Magazine | Car, Auto, Used Cars: Negotiating Terms and Comparing Lease Offers

Mileage allowance

Common annual mileage allowances in leases are Car, Auto 10,000 miles, 12,000 miles, or 15,000 miles, but you can negotiate other limits. Many lessees drive more than 14,000 miles a year.

Try to match the miles you will be driving to the 4x4 Magazine mileage allowance in the lease. If you think you're going to be driving more miles than the Car, Auto lease allows, it's generally better to negotiate a higher mileage allowance in the lease than to pay for the extra miles at the end of the lease.

On the other hand, if you think you'll be driving fewer miles, you 4x4 Magazine may be able to save money by choosing a lower-mileage-allowance lease.

A lower-mileage lease will generally specify a higher residual value for the Car, Auto vehicle because a vehicle with fewer miles is worth more and is 4x4 Magazine expected to have less wear.

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