When your week piles on freeway hours, an
unlimited mileage lease sounds like the obvious fix. While unlimited mileage leases are not offered, there are high-mileage options for drivers who put on a lot of miles. Learn more about lease mileage options with Keyes Toyota.
Why Every Lease Comes with a Limit
A retail lease is closed-end, so the residual value is locked in the day you sign. Mileage is the biggest variable behind that number, and removing the cap turns it into a guess, which is why lenders do not offer unlimited mileage leases. Open-end leases may skip that cap, but they serve commercial fleets and leave the difference to you if the vehicle appraises low.
Mileage Tiers You Can Set at Signing
Toyota Financial Services sets a standard allowance on a lease at 15,000 miles a year, so a 36-month lease gives you 45,000. A low mileage lease sets 12,000 miles a year, and the Low Mileage Lease program covers any new Toyota model driven under 10,000 miles annually. Terms run from 24 to 60 months.
What Extra Miles Cost at Turn-In
Driving past the allowance triggers an excess mileage charge set by your lease agreement, usually around 15 cents per mile. If you’re expecting to come close to the limit, choosing the larger allowance up front ends up costing less than settling the difference later. If your week covers Van Nuys, the hill, and the Westside, start with the 15,000-mile tier.
Explore High-Mileage Lease Options at Keyes Toyota
Keyes Toyota can lay out the tiers side by side so your lease contract matches your odometer. Ask our finance team about Toyota financing and the lease structure that fits your mileage.