Excess Mileage Quote

xm · 05-17-2018, 02:00 PM

Hi everyone,

I am leasing a 2018 4 series.

I am trying to decide if its worth it to pre-pay for 12K miles a year vs 10K.
The total cost difference over 3 years is $720.

If I do indeed drive 36K miles and pay the $0.25 penalty I will be paying $1,500 in overage.

However, the BMW site says before your lease ends (121 days before) you can buy more miles, but there is no fixed price, you have to log in to mybmw and formally request a quote. They wont give me a number in advance. Has anyone done this?

In general is it more like $0.20/$0.15?

thanks!!

X2 Monstah · 05-18-2018, 05:14 PM

My current lease says I can buy extra miles early at .23 per mile. My last lease was .19 per mile. It should be stated in your contract.

Sea-Tac · 05-18-2018, 07:06 PM

I'd go for it. Its like $4.60 a week. You'll have to do the calculation of course, but it seems reasonable to me.

05-17-2018, 02:00 PM	#1
xm New Member 5 Rep 11 Posts Drives: 2016 X5 Join Date: Jan 2016 Location: SF Bay Area iTrader: (0)	Excess Mileage Quote Hi everyone, I am leasing a 2018 4 series. I am trying to decide if its worth it to pre-pay for 12K miles a year vs 10K. The total cost difference over 3 years is $720. If I do indeed drive 36K miles and pay the $0.25 penalty I will be paying $1,500 in overage. However, the BMW site says before your lease ends (121 days before) you can buy more miles, but there is no fixed price, you have to log in to mybmw and formally request a quote. They wont give me a number in advance. Has anyone done this? In general is it more like $0.20/$0.15? thanks!!
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05-18-2018, 05:14 PM	#2
X2 Monstah Captain 301 Rep 718 Posts Drives: 2018 X2 XDrive 28i M Sport Join Date: Oct 2013 Location: Fairfax, VA iTrader: (1)	My current lease says I can buy extra miles early at .23 per mile. My last lease was .19 per mile. It should be stated in your contract. __________________ Mine: 2019 Mini Cooper S / Moonwalk Grey / Black Interior Wife's: 2018 X2 XDrive 28i / MSport X / Mediterrean Blue / Mocha Dakota Leather Previous: 2008 E92; 2014 F30; 2016 F30 M Sport; 2011 E82 (Man I miss the 1er!)
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05-18-2018, 07:06 PM	#3
Sea-Tac Major 1455 Rep 1,487 Posts Drives: 2108 X3 xDrive30i Join Date: Apr 2018 Location: Bellevue, Wa iTrader: (0) Garage List 2018 X3 xDrive30i [0.00] 2016 328i xDrive [0.00]	I'd go for it. Its like $4.60 a week. You'll have to do the calculation of course, but it seems reasonable to me.
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