Shawn Ryder

FEBRUARY 14, 2024

Limitations: Leases come with mileage limits and may incur charges for excess wear and tear. Here are the benefits and disadvantages of buying: Ownership: You own the vehicle and can keep it as long as you like, offering more flexibility and no concerns about mileage limits.

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Car Examer

SEPTEMBER 2, 2024

To ensure that every Hyundai owner enjoys peace of mind, the company offers one of the most comprehensive warranties in the automotive industry.

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Shawn Ryder

JANUARY 20, 2025

No Additional Costs : Buying the car means avoiding additional charges for excessive wear and tear or exceeding mileage limits often associated with lease returns. If you consistently exceed your lease mileage limits, a buyout might save you from penalties. Ensure you have sufficient savings for any potential buyout fees.

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Shawn Ryder

JANUARY 24, 2025

No Mileage Limits : Unlike leasing, financing does not impose mileage restrictions. Mileage Fees : Leasing contracts typically come with mileage limits, and exceeding these can result in significant extra charges. This is beneficial if you have a long commute or enjoy road trips.

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Your Car Buying Advocate

DECEMBER 5, 2023

Lease terms may vary, encompassing mileage limit, specific vehicle models, geographical locations, employment history, and credit scores. Stay updated on new leasing offers, as limited dealership stock may affect the availability of certain trims. Exceeding these limits can result in additional fees.

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Automotive Addicts

APRIL 24, 2024

Limited mileage: Lease takeovers often have mileage limits, and exceeding these limits can result in additional charges. Consider factors such as the monthly financial commitment, the vehicle condition you’re taking over, and any mileage limitations that may impact your usage.

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Shawn Ryder

JANUARY 21, 2025

Mileage Limit: Leases typically include a mileage limit (commonly 12,000 to 15,000 miles per year). Exceeding this limit may result in significant penalties. A car lease is essentially a long-term rental agreement where you pay for the vehicle’s depreciation instead of its total value.

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Shawn Ryder

JANUARY 28, 2025

When considering the world of automotive leasing, many drivers find themselves grappling with the concept of a lease buyout. Bye-Bye Mileage and Wear Penalties Many lease agreements impose penalties for exceeding mileage limits or for excessive wear and tear.

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Shawn Ryder

JANUARY 23, 2025

In the fast-evolving automotive landscape, leasing a vehicle can present both opportunities and challenges for consumers. Cons of Leasing a 2024 Toyota RAV4 However, there are also drawbacks to consider: Ownership Limitations: At the end of the lease, you have to return the vehicle, meaning you wont own an asset.

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CarExpert

MAY 3, 2024

The car in question is then sold on to a public buyer at a discount, which varies depending on a variety of factors according to Brighton Automotive Group general sales manager Joshua Ferguson. With that said, the mileage limit still applies, so any kilometres clocked by the dealer are counted towards the limit.

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Car Examer

FEBRUARY 25, 2024

Considerations and Potential Drawbacks: Mileage Restrictions: Lease agreements typically include mileage limits. Exceeding these limits can result in additional charges, so it’s essential to assess one’s driving habits. Buying a used VW.

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Drive.com

MAY 21, 2024

It depends on who’s buying the car,” Michael McKenna, the Industry Policy Advisor of the Victorian Automotive Chamber of Commerce (VACC) told Drive. Depending on where you live, specific mileage limits could also be an important feature when looking at the overall cost of a used car. What features do you want from a used car? “It

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Shawn Ryder

JANUARY 26, 2025

Excess Mileage or Wear Fees: Evaluate if youve exceeded the mileage limit or if theres any damage to the vehicle, as this may influence your decision. Residual Value: This is the predetermined buyout price of your vehicle at the end of the lease. What Happens if You Exceed Your Lease End Date?

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Shawn Ryder

JANUARY 13, 2024

Trends Digital Transformation The automotive industry is undergoing a digital transformation, and car sales professionals need to adapt to these changes. Leasing Leasing allows customers to use a vehicle for a specified period and mileage limit by making monthly payments, similar to renting.

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CarExpert

FEBRUARY 12, 2025

SPONSORED Despite operating in one of the most challenging times in automotive history as emissions regulators across the globe race towards an all-electric future as far as personal mobility goes, BMW is crushing it with both its traditional ICE cars and battery-electric vehicles at the same time.

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Shawn Ryder

JANUARY 17, 2025

Mileage Limitations Leased vehicles often come with mileage restrictions (commonly 10,000-15,000 miles per year): Overage Fees: Exceeding the allowed mileage can result in expensive penalties, which could negate the cost benefits of leasing.

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