What Mileage to pick on Lease?

moneymike713 · 11-01-2007, 10:57 PM

I am getting my car soon and dont know how many miles I will need. My CA said to go with 10,000 and that during the lease if I need to adjust it I can as long as its within like 4 months of the lease end.

CALIF65GM · 11-02-2007, 12:08 AM

Hmmm well how many miles do you typically drive? The number of miles that you select will directly affect the residual and hence your mthly payment.

normtrum · 11-02-2007, 12:20 AM

You've got to be kidding me. Let me get this straight....you want people on this forum....people who you've never met...to decide for you how many miles to pick on your lease?

moneymike713 · 11-02-2007, 08:17 AM

I am not asking anyone to pick the miles for me its just that my ca said it would be better to go with the 10,000 and adjust then to go with the 12,000 he also said this is a new bmw policy considering you are no longer "locked" in.

HonkeyDorey · 11-02-2007, 08:18 AM

Quote:

Originally Posted by moneymike713

I am getting my car soon and dont know how many miles I will need. My CA said to go with 10,000 and that during the lease if I need to adjust it I can as long as its within like 4 months of the lease end.

i think its .16 per mile to buy them before the lease starts... .20 per mile to buy them after the lease starts but 4 months before it ends... and .21 per mile after your within 4 month of the end of the lease... you save one cent per mile haha

moneymike713 · 11-02-2007, 08:56 AM

so go with 10,000? How much extra should the 12,000 be in mt monthly payment?

extmtnbkr · 11-02-2007, 09:28 AM

The change from 10k to 12k changes your residual from .61 to .60.

Just figure out what your daily commute is, multiply that by 5, add your average weekend driving and multiply that by 52. If you're under 10k, go with 10k, if you're close or over, 12k might be the best way to go.

11-01-2007, 10:57 PM	#1
moneymike713 Second Lieutenant 22 Rep 208 Posts Drives: Montego 335 Join Date: Sep 2007 Location: NY iTrader: (0)	What Mileage to pick on Lease? I am getting my car soon and dont know how many miles I will need. My CA said to go with 10,000 and that during the lease if I need to adjust it I can as long as its within like 4 months of the lease end.
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11-02-2007, 12:08 AM	#2
CALIF65GM Colonel 97 Rep 2,041 Posts Drives: e93-35 May08 ED Join Date: Jun 2005 Location: SF, CA iTrader: (0) Garage List 06 - Oct. 05 build ... [0.00]	Hmmm well how many miles do you typically drive? The number of miles that you select will directly affect the residual and hence your mthly payment. __________________ 5-2-08 e93-35 ED Montego w/Jade Grey, Step w/Paddles, PP, SP, CA, hot seats and iPod.Awaing re-delivery soon. Debadged 330xi ED 11/14/05 Auto/Mystic Blue/Gray leather with Alum/PP/SP/CA/Fold-down rear seats/Alarm. Sold to Carmax on 6/7/08 with 50,624 miles on clock
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11-02-2007, 12:20 AM	#3
normtrum Colonel 52 Rep 2,225 Posts Drives: e90 335i, e46 330i Join Date: Feb 2007 Location: PNW iTrader: (1)	You've got to be kidding me. Let me get this straight....you want people on this forum....people who you've never met...to decide for you how many miles to pick on your lease? __________________ 07 335i sedan \| Steptronic \| Black saphire \| Terra \| ZPP \| ZSP \| Cold Weather \| CA \| PDC \| Nav \| OEM Alarm
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11-02-2007, 08:17 AM	#4
moneymike713 Second Lieutenant 22 Rep 208 Posts Drives: Montego 335 Join Date: Sep 2007 Location: NY iTrader: (0)	I am not asking anyone to pick the miles for me its just that my ca said it would be better to go with the 10,000 and adjust then to go with the 12,000 he also said this is a new bmw policy considering you are no longer "locked" in.
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11-02-2007, 08:56 AM	#6
moneymike713 Second Lieutenant 22 Rep 208 Posts Drives: Montego 335 Join Date: Sep 2007 Location: NY iTrader: (0)	so go with 10,000? How much extra should the 12,000 be in mt monthly payment?
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11-02-2007, 09:28 AM	#7
extmtnbkr Private 1 Rep 72 Posts Drives: '18 F15 X5, 08 E92 335i Cpe Join Date: Sep 2007 Location: Seattle, WA iTrader: (0) Garage List 2008 E92 335i [0.00]	The change from 10k to 12k changes your residual from .61 to .60. Just figure out what your daily commute is, multiply that by 5, add your average weekend driving and multiply that by 52. If you're under 10k, go with 10k, if you're close or over, 12k might be the best way to go.
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