🚗 Lease Mileage Calculator
Calculate lease mileage and overage charges
Expected miles driven per year
Typically 10,000, 12,000, or 15,000 miles/year
Cost per mile over allowed limit (typically $0.15-$0.30/mile)
How to Use This Calculator
Enter Annual Miles
Input how many miles you expect to drive per year. Estimate based on your typical driving habits.
Enter Lease Terms
Enter the lease term in months and the allowed miles per year in your lease agreement (typically 10,000, 12,000, or 15,000 miles/year).
Enter Overage Rate
Enter the overage charge per mile (typically $0.15-$0.30 per mile). This is charged for each mile over your allowed limit.
Review Mileage Analysis
See your total miles over the lease term, allowed miles, overage miles (if any), and overage cost. Use this to choose the right mileage allowance.
Formula
Total Miles = Annual Miles × (Lease Term ÷ 12)
Allowed Miles = Allowed per Year × (Lease Term ÷ 12)
Overage Cost = (Total Miles - Allowed Miles) × Overage Rate
Example Calculation:
If annual miles 15,000, lease 36 months, allowed 12,000/year, overage $0.25/mile:
• Total miles = 15,000 × (36 ÷ 12) = 45,000 miles
• Allowed miles = 12,000 × 3 = 36,000 miles
• Overage miles = 45,000 - 36,000 = 9,000 miles
• Overage cost = 9,000 × $0.25 = $2,250
About Lease Mileage Calculator
A lease mileage calculator helps you calculate mileage overage charges for car leases. Car leases include a mileage limit (typically 10,000, 12,000, or 15,000 miles per year), and you're charged for each mile over that limit when you return the car. Overage charges are typically $0.15-$0.30 per mile, which can add up quickly. This calculator helps you estimate your total miles over the lease term and calculate potential overage charges, helping you choose the right mileage allowance when leasing.
When to Use This Calculator
- Lease Planning: Plan mileage allowance when leasing
- Overage Estimation: Estimate potential overage charges
- Mileage Allowance: Choose the right mileage limit
- Cost Analysis: Understand total lease costs including overage
Understanding Lease Mileage
- Mileage Limits: Typically 10,000, 12,000, or 15,000 miles per year
- Overage Charges: $0.15-$0.30 per mile over the limit
- Total Cost: Overage charges can be substantial if you exceed limits
- Pre-Purchase: You can pre-purchase additional miles (often cheaper)
Why Use Our Calculator?
- ✅ Overage Estimation: See potential overage charges
- ✅ Mileage Planning: Plan your driving to stay within limits
- ✅ Cost Analysis: Understand total lease costs
- ✅ Allowance Selection: Choose the right mileage limit
- ✅ 100% Free: No registration or payment required
Tips for Managing Lease Mileage
- Track Miles: Regularly monitor your mileage
- Pre-Purchase Miles: Consider pre-purchasing additional miles (often cheaper)
- Choose Right Limit: Select mileage limit based on your driving habits
- Reduce Driving: Consider alternative transportation to stay within limits
- Early Return: Some leases allow early return to avoid overage
Frequently Asked Questions
What happens if I exceed my lease mileage limit?
If you exceed your lease mileage limit, you'll be charged an overage fee for each mile over the limit, typically $0.15-$0.30 per mile. For example, 5,000 excess miles at $0.25/mile = $1,250. These charges are due when you return the car.
Can I pre-purchase additional miles?
Yes, many leases allow you to pre-purchase additional miles at a lower rate (often $0.10-$0.20 per mile) when you sign the lease. This can save money if you expect to exceed your limit. Pre-purchased miles are typically non-refundable if unused.
What's a typical mileage limit?
Typical lease mileage limits are 10,000, 12,000, or 15,000 miles per year. Lower limits (10,000 miles) often result in lower monthly payments, while higher limits (15,000 miles) have higher payments. Choose based on your expected driving.
Can I negotiate mileage limits?
Yes, you can often negotiate mileage limits when leasing. Higher mileage limits increase monthly payments but reduce risk of overage charges. Consider your driving habits and negotiate accordingly. Pre-purchasing miles is also negotiable.