Video: why high miles can make a fixed buyout price look better
How buying out an over-mileage lease avoids per-mile overage fees, and why high mileage can make the buyout a better deal.
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Transcript
Driven past your lease's mileage limit? Returning the car could mean a big bill, but there is a way to avoid it. If you return an over-mileage lease, you pay a fee for every extra mile, often 15 to 30 cents each.
That adds up fast. But if you buy the car out, those mileage charges simply do not apply because you're keeping it, not returning it. Here's the upside.
High mileage often lowers the car's market value, which can make its fixed buyout price a better deal. Champion Auto Finance helps you finance your lease buyout and skip the overage fees across New Jersey, New York and Pennsylvania. Visit championautofinance.com.
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Tell us about your vehicle and payoff amount. We’ll work to get you the best rate possible for your credit situation — from application to funding.
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Tell us the car and the approximate payoff — we’ll come back with a realistic financing picture within one business day. No obligation.
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