Leasing a new Jaguar car instead of purchasing offers unique advantages, including lower monthly payments, less commitment, and the ability to drive the newest Jaguar models when they are released. However, one aspect of leasing that drivers should be aware of is that they often have mileage limits. The experts at our Jaguar finance center are happy to explain the details of your Jaguar lease so that you know what you’re getting into.
Lease Mileage Limits
It is common for Jaguar leasing contracts to have annual mileage limits of 10,000, 12,000, or 15,000 miles. If you exceed these amounts, you can be charged up to 30 cents per additional mile at the end of your lease. Thus, people who plan on driving a lot or taking a long road trip are better off with buying a car outright.
If you still wish to lease a new Jaguar F-PACE or other Jaguar model, there is still an option: the high-mileage lease. This is a special type of lease that is written with a higher mileage limit to begin with – typically 18,000 to 20,000 miles. This way, you can drive your leased Jaguar car farther without having to pay the over-the-mileage limit fees.
When determining if a high-mileage lease is right for you, keep in mind that the closer you get to the mileage limit on a high-mileage lease, the more you will save.
Here at our Jaguar finance center, we know that car leases can be complicated. This is why the professionals are here to answer any questions you may have.