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Guide to the Common Dealership Terms When Buying A Car

Car Examer

Mileage Limit With a PCP deal, you’ll be given a mileage limit —the maximum number of miles you can drive each year. If you go over this, you’ll face extra charges, so it’s important to choose a realistic limit based on your driving habits.

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Media post: What are the cost of a short-term car lease UK?

Best Selling Cars Blog

Mileage charges: Most short-term car leases come with a mileage limit. You will be charged an additional fee per mile if you exceed the mileage limit. The costs of a short-term car lease in the UK can vary greatly depending on the type of car you choose, the length of your lease, and your mileage.

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Should I lease a truck in this situation?

Shawn Ryder

Maintenance Coverage: Many lease agreements include maintenance or warranty coverage, reducing out-of-pocket repair costs. Mileage Limits: Lease agreements typically have mileage limits (e.g., Exceeding these limits can result in significant penalties. 10,000 to 15,000 miles per year).

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Navigating Zero Down Car Leases

Your Car Buying Advocate

Lease terms may vary, encompassing mileage limit, specific vehicle models, geographical locations, employment history, and credit scores. Stay updated on new leasing offers, as limited dealership stock may affect the availability of certain trims. This includes maintenance costs, insurance requirements, and potential penalties.

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Guide What Is a New Car Warranty?

Car Examer

A new car warranty is a type of guarantee provided by the manufacturer to cover certain repairs and replacements that might be necessary due to defects or faults in the vehicle. It offers peace of mind by protecting you from unexpected repair costs during the warranty period. You’ll need car insurance for those situations.

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How much should you spend on a used car?

Drive.com

Depending on where you live, specific mileage limits could also be an important feature when looking at the overall cost of a used car. AAMI Insurance stated on its website deducting essential expenses such as rent/mortgage, utility bills and groceries from your salary is the first step in calculating your financial parameters.

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Does it make sense to lease?

Shawn Ryder

Maintenance and Warranty Benefits Most leased vehicles are new and under warranty: Covered Repairs: Maintenance and repair costs are often covered, allowing for worry-free driving during the lease term. Older Vehicle Considerations: Owners may face increasing repair costs as vehicles age, impacting overall affordability.