A Porsche lease offers the thrill of driving a world-class vehicle without a long-term commitment. But if you find yourself exceeding the mileage allowance, there are a few strategic options to consider—each designed to minimize costs and maximize flexibility. Porsche Silver Spring explains.
Check Your Lease Terms
Start by reviewing your lease agreement. Most Porsche leases include an annual mileage cap—often around 10,000 to 15,000 miles—with overage charges ranging from $0.25 to $0.30 per mile. Knowing where you stand helps guide your next steps.
Opt to Buy Out Your Lease
If you’re close to the lease end and love your vehicle, consider a lease buyout. This is often a smart move if your car is in excellent condition and you’ve built equity by maintaining it well. Porsche Silver Spring can provide a payoff quote and help walk you through the purchase process.
Consider an Early Trade-In for a New Car
In some cases, especially if your lease is nearing its end, you may be eligible for an early trade-in. Porsche’s loyalty programs may allow you to roll your current lease into a new one, potentially absorbing the excess mileage cost.
Paying for Overages at Turn-In
If you decide to return the vehicle at the end of the lease, any excess mileage will be tallied and charged at the agreed-upon per-mile rate. Keeping up with routine maintenance and staying within wear-and-tear guidelines can help avoid additional fees.
Explore a Higher Mileage Lease Next Time
If you’ve consistently exceeded mileage limits, it may be time to explore a higher-mileage lease on your next Porsche. Custom lease options are available through Porsche Financial Services to better suit your driving habits.
Lease Questions Answered at Porsche Silver Spring
If you're nearing the mileage limit or just passed it, don't wait until the end of your lease. Contact Porsche Silver Spring today to discuss your options and determine the smartest path forward—whether that means purchasing your vehicle, upgrading early, or planning for your next Porsche vehicle.
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