TOYOTA - Over the mileage on Lease?

maniax342002

New member
Hi guys,

I'm not new to leasing cars (i have leased 3) but have a question on a 2009 Toyota corolla i leased a 1 1/2 ago. I have gone over the 12,000/year mile agreement and the lease is due in 2011. I know that i will be over the mileage. I know there are options out there to transfer a lease and such, but i talked to a Toyota sales rep outside of his work and he told me that most people get the 12,000/year for lower payments and put any mileage they want on it and before the lease is up they sell the vehicle independently and give the remaining money owed to the finance company.

Has anyone heard of this? and if so, any recommendation of how to go about doing this?
 
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