Does Honda offer a high mileage lease?

The typical Honda lease is 12,000 miles per year but you have the option of leasing a vehicle with up to 33,000 miles per year. When you turn in your lease at the end of the term there is a mileage penalty assessed for additional mileage.

How much does Honda charge for extra miles on a lease?

If you go over, you’ll be charged extra per mile; for Honda leases, this mileage penalty rate is typically between $0.15-$0.20 per mile. Should you return your lease with 1,000 miles over the limit, you’ll be penalized $200, for instance.

How many miles is a high mileage lease?

A high-mileage lease allows you to drive more than the 10,000 to 15,000 miles you’re typically allotted when you lease a car. That can mean a higher monthly payment — but it may be worth it. The fees you’d pay for exceeding your lease’s mileage cap could cost a lot more.

Is Honda lease a good deal?

Leasing a Honda can be a good deal thanks to high residual values. In the case of the redesigned Civic, we consider the all-new hatchback one of the best cars to lease.

Is Gap insurance required on a Honda lease?

Guaranteed Asset Protection (GAP) covers the difference between insurance payments and the outstanding lease if your vehicle is stolen or deemed a total loss. GAP coverage is standard on all Honda Leadership Leasing.

What is Honda lease turn in fee?

When your car lease ends, you may think you’re even with the dealer. But you’ll often find you still owe money because of what’s called a disposition fee. This fee, which typically runs $300 to $400, covers the dealer’s costs of putting the vehicle back onto the market to sell as a used car.

Can you negotiate lease mileage?

When you lease a car, you’re typically allowed to drive a certain number of miles throughout the course of your lease term. If you anticipate driving more than that, negotiate extra mileage upfront. It may be cheaper to pay for more miles now than pay the per-mile fee later.

What happens if you go over mileage on lease?

Excess mileage Most leasing companies charge around 15 to 20 cents per mile over the amount allowed in the contract, commonly 12,000 miles per year. If you’re way over the allowed mileage and looking at a big penalty, you still have options. In most cases, the buyout price is close to the current market value price.

Is there a car lease with unlimited mileage?

Unlimited mileage car leases do exist, though rare. Usually, they are costly hence not popular as most car lessees are comfortable with the 36,000-mile limit that accompanies the standard 36-month car lease contract.

Can you get a 20000 mile lease?

A high-mileage lease is one that is written with a higher mileage limit to begin with—usually 18,000 to 20,000 miles. That way, the lessee can drive further per year without running up against those expensive over-the-limit per-mile fees. The catch is that you will make higher monthly lease payments.