Capitalized Cost Down Payment Mileage Limit 
Your Car Buying Advocate
DECEMBER 5, 2023
When you start leasing a vehicle, you must make a down payment. However, this down payment is significantly lower compared to buying a car outright. Lease terms may vary, encompassing mileage limit, specific vehicle models, geographical locations, employment history, and credit scores.
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. Initial Payment: Many leases require an upfront payment, which could be akin to a down payment but usually termed as a “capitalized cost reduction.”
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