No, not with a consumer vehicle lease, the kind we discuss on this web site. All “closed-end” consumer car leases have a mileage limit, on which the lease-end residual value is base, which is used to calculated the monthly payment. As we say many times on this site, leasing is not renting, and doesn’t work like renting. Having said the above, “open-end” commercial business leases typically don’t have mileage limits — but the lease essentially pays for the entire value of a vehicle. The business is more interested in tax and accounting benefits.

Posted in: General