Anonymous
Post 07/19/2020 08:39     Subject: Buying extra miles on a Honda lease?
The lease company owns the car you are renting. You need to call them and ask if you can buy more miles. They’ll probably allow it. If not, you might as well buy a car of your own to use when the lease miles run low.
Anonymous
Post 07/17/2020 13:56     Subject: Buying extra miles on a Honda lease?
Anonymous wrote:
Anonymous wrote:Never heard of doing this but that doesn’t mean it isn’t possible. Honda financial may have just been referring to paying the mileage penalty at your lease end - usually .20 or .25 per mile. Depending on your miles, may be cheaper to buy the car post lease than pay the penalty as Honda’s hold their value very well. They also typically will waive a certain amount of overage if you buy or lease another Honda at the end of your current term.


Thanks, that is what the guy I leased it from said. I plan to buy it at the end of the lease so I guess I'll just relax about the miles.


Yeah, in that case, don't worry too much about it then. Your purchase price at the end of the lease is already set whether or not you go way under your allowed mileage or way over - it'll be the same price. Of course that purchase price is based on the anticipated residual value of the car at the end of the lease and based on 36K miles. So, it could be worth more or less than you'll actually buy it for.
Anonymous
Post 07/17/2020 09:21     Subject: Buying extra miles on a Honda lease?
Anonymous wrote:Never heard of doing this but that doesn’t mean it isn’t possible. Honda financial may have just been referring to paying the mileage penalty at your lease end - usually .20 or .25 per mile. Depending on your miles, may be cheaper to buy the car post lease than pay the penalty as Honda’s hold their value very well. They also typically will waive a certain amount of overage if you buy or lease another Honda at the end of your current term.


Thanks, that is what the guy I leased it from said. I plan to buy it at the end of the lease so I guess I'll just relax about the miles.
Anonymous
Post 07/17/2020 07:35     Subject: Buying extra miles on a Honda lease?
Never heard of doing this but that doesn’t mean it isn’t possible. Honda financial may have just been referring to paying the mileage penalty at your lease end - usually .20 or .25 per mile. Depending on your miles, may be cheaper to buy the car post lease than pay the penalty as Honda’s hold their value very well. They also typically will waive a certain amount of overage if you buy or lease another Honda at the end of your current term.
Anonymous
Post 07/16/2020 16:03     Subject: Buying extra miles on a Honda lease?
I leased a CRV in Feb and my lease specifies that I put 12,000 miles per year on the car. However, I bought a house and will be driving a lot more now. I called the dealership and they told me it's too late to buy extra miles, but Honda financial since says I can do it at any time. Has anyone been able to purchase more miles after signing the lease contract? How do you go about doing it?