View Full Version : Over mileage question on VW lease
max_boost
08-31-2011, 04:57 PM
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?
http://www.fatwallet.com/forums/finance/1094260/
rage2
08-31-2011, 05:30 PM
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
08-31-2011, 05:36 PM
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
08-31-2011, 05:59 PM
are you already over the 80K? if not you might be able to trade on a new VW without penlity
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