One of the biggest problems for people who lease vehicles is keeping track of the number of miles that they put on the vehicle. Most leases have really high mileage fees for any amount of miles that go over a preset limit.
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In some cases going over by as little as 2,500 miles a year can add thousands to the amount you have to pay. A new application available for Verizon Wireless customers on their cell phones helps keep track of how many miles are left. The application is called Miles To Go and it warns drivers when driving patterns will lead to overages allowing them to adjust their habits. The application retails for $2.99.
Rob Witman, CEO of RiffWare, says that, "For today's hard-working American families, every dollar counts. The reality, however, is that many people who lease fall into the trap of committing to yearly mileage constraints that are incompatible with day-to-day use of the vehicle. Miles To Go is a personal finance tool that takes the 'guess work' out of overages and gives drivers ample time to adjust their habits before it's too late to do anything about it."
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