Is leasing a car a good option if you plan to drive more than 15,000 miles per year?

Leasing a car typically comes with annual mileage limits, commonly set around 10,000 to 15,000 miles per year. When you exceed this limit, you may incur significant fees for additional miles driven, which can make leasing financially disadvantageous for high-mileage drivers. If you plan to drive more than 15,000 miles annually, the costs associated with exceeding the mileage cap often outweigh the benefits of leasing.

In this scenario, opting for leasing could lead to additional expenses and a less favorable situation overall. Therefore, it's generally advisable to consider purchasing a vehicle instead if you anticipate driving more than the typical mileage limit. This allows for greater flexibility without the risk of incurring excess mileage charges.

While there might be exceptions such as specific lease agreements that accommodate higher mileage, those are less common and would depend on the terms negotiated at the time of leasing. Thus, for most standard lease agreements, the option of leasing a vehicle would not be suitable for someone planning to drive more than 15,000 miles each year.