Going over mileage restriction on a lease

[gleninjersey 2,141]

I don't know anything about leases as I buy gently preowned and keep until it doesn't make sense to fix it. Purchased my 2004 Grand Prix in 2007.  Paid off in 2010.  Only 121k on it.  These cars last well into 200k -250k if maintained.  I also hardly drive as take train or bus to work.

So I'll just throw some "outside the box" thinking in. 

Can you or wife carpool with other coworkers or look into share riding? Take mass transit at all (bus or train)?  Start working remotely a few days a week?

How much are you looking at in penalties?  

[45Doll 5,877]

I dug out my spreadsheet for another thread on lease vs. buy. As far as cost per mile goes, an Olds Intrigue I owned for 13 years cost 30.3 cents/mile to own over 158,000 miles.

That's car cost + service + repairs - sale price / 158,000 miles = 30.3 cents

Compare that to your lease cost per mile. It's only one example, but I think it's instructive.