Shawn Ryder

FEBRUARY 14, 2024

Warranty Coverage: Leased vehicles are typically under the manufacturer’s warranty, reducing the worry about major repair costs. Limitations: Leases come with mileage limits and may incur charges for excess wear and tear. This can be restrictive if you drive a lot or prefer to customize your car.

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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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Shawn Ryder

JANUARY 25, 2025

Mileage Limits Understand the lease’s mileage cap. For those with long commutes or travel needs, the mileage limits can be a deal breaker, as exceeding the limit can incur costly fees. This will provide clarity on what you will pay compared to owning the vehicle outright.

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Car Examer

SEPTEMBER 11, 2024

A new car warranty is a type of guarantee provided by the manufacturer to cover certain repairs and replacements that might be necessary due to defects or faults in the vehicle. It offers peace of mind by protecting you from unexpected repair costs during the warranty period.

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Shawn Ryder

JANUARY 23, 2025

Warranty Coverage: Since leases typically last for three years, most routine maintenance and repairs will be covered under Toyota’s warranty. 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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Car Examer

FEBRUARY 25, 2024

Regular maintenance, including scheduled services and repairs, helps ensure the car’s optimal condition. Considerations and Potential Drawbacks: Mileage Restrictions: Lease agreements typically include mileage limits.

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Shawn Ryder

JANUARY 17, 2025

Maintenance and Warranty Benefits Most leased vehicles are new and under warranty: Covered Repairs: Maintenance and repair costs are often covered, allowing for worry-free driving during the lease term. Older Vehicle Considerations: Owners may face increasing repair costs as vehicles age, impacting overall affordability.

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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. Assess any wear and tear and determine if repairs are necessary. Residual Value: This is the predetermined buyout price of your vehicle at the end of the lease.

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Drive.com

MAY 21, 2024

Depending on where you live, specific mileage limits could also be an important feature when looking at the overall cost of a used car. “We expect it to be several years before EVs begin to be a significant part of the used car market,” they added.

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Car Examer

SEPTEMBER 2, 2024

Coverage: 5 years or 60,000 miles, with no mileage limitation for the first year. GR Yaris Track Usage Warranty For those who enjoy pushing their Toyota GR Yaris to its limits on track days, Toyota’s standard warranty does not exclude coverage for such events.

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