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Over Your Miles? Do the Math Both Ways · The Lease End Minute

• 0:00
  Joe: This is the Lease End Minute. I'm Joe from Champion Auto Finance.
• 0:04
  Joe: Over your miles? Here's something people forget. Excess mileage charges are usually billed when you turn the car in. If you buy the car instead, there's normally no turn-in, so there's no mileage bill and no wear-and-tear inspection.
• 0:18
  Joe: Now, high miles also lower what the car is worth, so don't buy it just to dodge a fee. Do the math both ways. On one side, the mileage charge plus whatever your next car costs. On the other, your buyout price for a car you already know.
• 0:31
  Joe: Sometimes keeping it wins. Sometimes it doesn't. Run the numbers.
• 0:36
  Joe: Champion Auto Finance is not a lender. Approvals and terms are subject to lender underwriting.