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      04-03-2015, 02:26 PM   #114

Drives: 2015 AY M3
Join Date: Mar 2013
Location: PA

iTrader: (2)

Originally Posted by mso4 View Post
I usually drive 45-50k miles every three years. So by year two I usually have at least 30k miles. So does that mean pull ahead is not an option for me then. I was thinking of leasing for 12k instead of 15k this time and get a new lease within the last 3-4 months.
It may be perfect for you. By 2.5 years you with be at about 40k and it would be cheaper to prepay the extra mileage at $0.16/mile rather than take the 2% residual hit for a 15k/year lease.

Now there are some potential pitfalls.
1- Many times M cars are not eligible for lease pull ahead
2- They may not offer lease pull ahead or have it at a time when you're eligible
3- If you wanted to stay in the lease until the end

That being said, it's not a huge financial hit to pay for extra mileage and you can do that up to the day before lease maturity and get the discounted rate (0.16 vs 0.20). Also you can buy extra mileage multiple times so if you aren't sure exactly how many miles you'll need, you can always underestimate. Lastly pre-purchased extra mileage can be refunded at a prorated amount if you don't use it all.
2013 E92 M3 LMB (gone but not forgotten)
2015 AY F80 M3 ED 7/9/15 Drop off 7/20/15 Redelivery 8/25/15