Lease Mileage Overage Calculator

Many leasing companies let you purchase extra miles upfront or mid-lease at a rate lower than the standard overage fee. If you know you will exceed your allowance, buying ahead is almost always cheaper than paying the penalty at turn-in. Call the leasing company before the last few months for the best rate.

Most leases charge $0.15-$0.30 per mile over the allowance. Luxury and premium brand leases often charge $0.25-$0.30; mainstream brands are closer to $0.15-$0.20. The fee is always disclosed in the lease contract - check your paperwork for the exact figure before relying on the default.

Yes. If you exercise the purchase option at the end of a lease, mileage overage charges are waived because you are keeping the car. The residual value (buyout price) is set in the contract at lease inception. Run a market value check before lease end to see if buying out is favorable versus returning and leasing or buying something else.

If you transfer your lease to another person (lease swap), the new lessee assumes all mileage responsibility from that point, but the prior driven mileage remains. Make sure the new lessee understands the starting odometer. Most leasing companies charge a transfer fee of $200-$500 and require credit approval for the incoming lessee.