When leasing a new vehicle, there are a few key restrictions to be aware of. The annual mileage allowance, which can range from 5,000 to 18,000 miles per year, is chosen by the customer at the beginning of the lease and will be reflected in the lease contract. This mileage limit affects the monthly lease price. The lease term, or the length of the lease contract, typically varies from 18 to 39 months and also impacts the monthly payment. Additionally, leasing or financing a new vehicle depends on credit approval. The prices we disclose to customers before a credit application is submitted are based on top-tier credit approval.