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A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
The date your auto lease went into effect.
Also known as lease term. How long you plan to keep the leased vehicle. Also choose whether 'Length of Lease' is years or months.
The average miles you can drive your leased car each year without paying excess mileage charges at the end of the lease. Typical values are 10,000, 12,000 or 15,000 miles and you should be able to find this in your lease agreement.
The amount, per mile, you will pay at lease end if you have exceeded your allowed miles. Excess mileage charges are typically in the range of $0.10 - $0.25 per mile.
Enter what the car's odometer currently reads.
The date of the entered 'Odometer Reading'.
The total miles you are projected to drive by lease end.
Based on 'Annual Miles Allowed' and 'Length of Lease', you are allowed to drive this many total miles by the end of the lease.
Based on your current driving patterns, you are projected to exceed your allowed miles by this many miles.
You will pay this amount in excess mileage charges at the end of your lease if you exceed your allowed miles by the number shown as 'Projected Excess Miles'.
You can drive this many miles, on average, per day, month, or year throughout the lease and not go over your allowed total miles.
Based on your current driving patterns, you are driving this many miles, on average, per day, month, or year.
If you wish to avoid excess mileage on your leased car, you must adjust your driving to this many miles, on average, per day, month, or year between now and lease end.
Based on 'Lease Start Date' and 'Length of Lease' your lease will end on this date.