Over mileage question on VW lease

[max_boost]

My lease obligations are 80,000kms over 4 years. $550/month

So basically I'm paying $.33 per km I drive.

Now here's the thing, over mileage is only $0.13+tax?/km

I've read over my lease and I don't see anything about extra charges or limitations on over mileage other than paying $0.13/km.

Am I missing something here? Has anyone returned a car over mileage?

[lint]

http://www.fatwallet.com/forums/finance/1094260/

[rage2]

Question is, do you want to keep the car? If not, calculate the TCO in both scenarios:

1. Buy out, and resell.
2. Return, pay excess mileage.

See which one is better, what the difference in $ is, and if it's worth your time for that difference to do option #1.

You can't look at it purely from the 13 cents per km POV. And to answer your question, you just pay the mileage penalty, and nothing else.

[kenny]

Originally posted by max_boost
My lease obligations are 80,000kms over 4 years. $550/month

So basically I'm paying $.33 per km I drive.

Now here's the thing, over mileage is only $0.13+tax?/km

I've read over my lease and I don't see anything about extra charges or limitations on over mileage other than paying $0.13/km.


You are thinking about it the wrong way. Had you opted for the 25,000km/year lease over 4 years it would have been much cheaper. Of course, you may not have known you would put so much km on the car.

Just did a quick check on vw.ca and for an extra $15 or so a month you get an extra 20,000km over the 4 years, works out to $0.03/km.

[redline]

are you already over the 80K? if not you might be able to trade on a new VW without penlity