FinanceDude
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Aug 3, 2006
- Messages
- 12,483
I have about 11 months left and about 10k over at this rate... We moved between last car and this one and underestimated the mileage in the new area... The charge is 20 cents per mile...
Ok, you guys can stop chuckling at me... This is my last blunder holdover from turning 30...
Well, that's not too bad. If I assume the payments are $400 a month, you would need to come up with $4400 + $2000 in mileage penalty, that's a lot of money. If you can keep the mileage down as best as you can, and let's say another 8000 miles by the time it's up, you can turn it back and pay the mileage penalty only of about $3600. So you are better off to wait........