TitleA title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
Lease Start DateThe date your auto lease went into effect.
Length of LeaseAlso known as lease term. How long you plan to keep the leased vehicle. Also choose whether 'Length of Lease' is years or months.
Annual Miles AllowedsThe 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.
Excess Miles ChargeThe 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.
Odometer ReadingEnter what the car's odometer currently reads.
Odometer Reading DateThe date of the entered 'Odometer Reading'.
Projected Total MilesThe total miles you are projected to drive by lease end.
Allowed Total MilesBased on 'Annual Miles Allowed' and 'Length of Lease', you are allowed to drive this many total miles by the end of the lease.
Projected Excess MilesBased on your current driving patterns, you are projected to exceed your allowed miles by this many miles.
Projected Lease-end Mileage ChargeYou 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'.
Lease End DateBased on 'Lease Start Date' and 'Length of Lease' your lease will end on this date.
Allowed Average MilesYou can drive this many miles, on average, per day, month, or year throughout the lease and not go over your allowed total miles.
Actual Average MilesBased on your current driving patterns, you are driving this many miles, on average, per day, month, or year.
Adjusted Average MilesIf 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.