A Jeep® lease usually includes a mileage cap that limits the number of miles that can be driven each year of the lease. Going over this limit can lead to additional fees at the lease’s end, so keeping track is important to a successful lease. Learn more with the trustworthy professionals at I.G. Burton Chrysler Dodge Jeep RAM of Milford.
Looking at Lease Terms
During the leasing process, you will be able to choose between several different plans. Different leasing plans offer a different length of the lease, terms, and mileage limits. Common limits include 10,000, 12,000, and 15,000 miles per year. Before signing a lease, carefully consider how much you are planning to drive, including any vacations or major trips. If you need a higher ceiling, you may be able to apply for a high-mileage lease.
What Happens If I Go Over?
Going over your mileage limit is not the end of the world. At the end of your lease, if you’ve driven over the mileage limit, you will be charged extra for each additional mile driven. These extra fees cover the additional depreciation of the car, as additional miles traveled put more wear on the engine and other parts. If you plan to purchase the vehicle at the end of your lease, which some leases allow, you may not have to pay the additional fees, so check the terms of your lease carefully and speak to our finance team about potential paths forward.
Talk to Our Finance Team
If you have any questions about applying for a Jeep lease, talk to our Jeep finance team at I.G. Burton Chrysler Dodge Jeep RAM of Milford. We will walk you through every step of the leasing process, from the application to the end, so you can get behind the wheel of a new Jeep vehicle today!
