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Car Lease Calculator - We travel a lot In addition to the...

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Since I drive more than 20,000 miles a year, the calculator suggests that I should buy my next car. The reason for this is because most leases have a limit on how many miles you can drive, usually 15,000 miles a year. If you go over these miles, you can get hit with an “excess mileage” charge. I drive well over the mileage limit, therefore, negotiating more mileage on my lease most likely would not be possible, and if it was, it could cost me extra cash. The recommendation from the loan calculator made no difference whatsoever to me. I have always bought my vehicles because of where I live. Montana is very wide open country with miles of open road between cities and towns. As a young and growing family, we are constantly on the move, always driving here and there, going to work and running the kids to all of their sports and other functions. For example, our daughter plays in a 7 th grade volleyball game this Saturday, which is away, against a rival school about two hours away.
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Unformatted text preview: We travel a lot. In addition to the many miles we travel, some of the roads we travel are not even maintained or are very seldom maintained, causing a significant amount of wear and tear on our vehicles. Out here in Montana, we also get a lot of storms and bad weather. During the warmer summer months, we get nightly thunderstorms and they can bring hail, sometimes golf ball size, causing major damage to the local vehicles. Leasing a car just is not an option for us. Therefore, I will follow the recommendations that the calculator gave me and keep buying our vehicles. In fact, one of our vehicles is almost paid off. It is a 2004 Pontiac Grand Am and we will probably look to trade it off for another newer vehicle or one that will fit our daily needs better. We also have a 2006 Chevy Uplander and still have quite a few payments left on that. When the time comes, we will be trading it in for a newer one, as well....
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