Excess mileage charges on car lease deals: what are they and how do you avoid them?
Auto Express
DECEMBER 17, 2024
Exceed the agreed mileage limit on a car lease and you could end up paying an excess mileage charge
Auto Express
DECEMBER 17, 2024
Exceed the agreed mileage limit on a car lease and you could end up paying an excess mileage charge
Best Selling Cars Blog
MARCH 18, 2024
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 amount of the monthly payments will depend on the factors listed above and your credit score.
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Car Examer
OCTOBER 12, 2024
However, one thing that often catches people off guard is excess mileage charges. These are extra fees you pay if you drive more than your agreed mileage limit. Book inspection What Are Excess Mileage Charges? When you lease a car, the leasing company sets a mileage limit , usually between 8,000 and 20,000 miles per year.
Shawn Ryder
FEBRUARY 7, 2024
Understand the terms, including mileage limits and wear-and-tear policies. While longer terms may offer lower monthly payments, they often result in higher overall costs due to interest. Consider Leasing: If you enjoy driving a new car every few years, leasing might be a cost-effective option. Navigating Dealership Negotiations 1.
Shawn Ryder
FEBRUARY 13, 2024
Leasing often results in lower monthly payments but may come with mileage limits and customization restrictions. Leasing typically offers lower monthly payments and the ability to drive newer models every few years but comes with restrictions like mileage limits and customization options.
Car Examer
JUNE 26, 2024
Book inspection Personal Contract Hire (PCH) is a type of long-term vehicle leasing where you essentially rent a car for a fixed period and mileage limit, usually between 2 to 4 years. Set Terms : Agree on the contract length, annual mileage limit, and any additional services like maintenance and servicing.
Car Examer
NOVEMBER 2, 2024
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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