The Premier Payment Shaver auto loan offers a mileage allowance of as much as 18,000 miles a year, with a penalty of 8 cents for each additional mile. A typical lease allows 15,000 free miles a year. Every additional mile costs 10 cents to 25 cents. The Troy, Mich., company provides the lending program to more than 400 credit unions nationwide. Dings are free Members who turn in the car and walk away at the end of the loan do not have to pay for dings or scratches.
Many leases charge for simple excess wear and tear.
We expect wear and tear. What Car Dealers Won't Tell You, The Insider's Guide to Buying and Leasing a New or Used Car. So the argument that you can drive more car for the same money is true. Tell us for the chance to win whatever prize you choose. Bankrate Inc. All rights reserved.