What are the typical final (lease-end) costs?
Final costs include: Excess mileage charges Mileage limitations usually occur with a closed-end lease. If you have gone over the allowable mileage at the end of your lease, you will have to pay a fee. Tip: Consider carefully whether the mileage allowance is enough. Make some calculations of the miles you have driven per week, month, and year to find out whether the mileage allowance is sufficient. Be aware that the low-mileage lease deals currently popular in certain areas offer mileage limits that are insufficient for many people. If you think you need more than the allowable mileage, negotiate a larger mileage allowance in your lease. Tip: If you buy a car at the end of a closed-end lease and you go over your mileage allowance, you probably wont have to pay for excess mileage. Tip: If you stay under the mileage limit, you dont get a refund. With an open-end lease, although there is no penalty, if you exceed the mileage limit the appraisal value at the end of the lease term will usual
