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.

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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.

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Car Examer

DECEMBER 3, 2024

Vague or Misleading Terms: Key details like balloon payments, mileage limits, or early termination fees aren’t explained properly. Here’s how it often plays out: Hidden Commissions: Dealers pocket commissions from lenders for steering you into specific finance deals—and don’t tell you about it.

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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.

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Car Examer

APRIL 8, 2024

Types of Used Car Warranties Manufacturer’s Certified Pre-Owned (CPO) Warranty: Offered by car manufacturers on certified pre-owned vehicles, typically covering a comprehensive range of components for a specific duration or mileage limit. Deductibles: Some warranties require the owner to pay a deductible for each covered repair.

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Shawn Ryder

JANUARY 23, 2025

Mileage Limits and Excess Mileage Fees Leases typically set a mileage limit, usually between 10,000 to 15,000 miles per year. Exceeding this limit can result in hefty excess mileage fees, often ranging from 15 to 25 cents per mile. Dont be shy to advocate for your needs.

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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.

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Car Examer

FEBRUARY 26, 2024

Mileage Limits: PCP agreements often come with mileage restrictions. Exceeding these limits may result in additional charges, so it’s crucial to assess one’s driving habits before entering into a PCP agreement. Purchase the Car: Pay the Guaranteed Minimum Future Value (GMFV) to own the vehicle outright.

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Shawn Ryder

FEBRUARY 14, 2024

Limitations: Leases come with mileage limits and may incur charges for excess wear and tear. Here are the benefits and disadvantages of buying: Ownership: You own the vehicle and can keep it as long as you like, offering more flexibility and no concerns about mileage limits.

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Shawn Ryder

JANUARY 26, 2025

Mileage Limits: Lease agreements typically have mileage limits (e.g., Exceeding these limits can result in significant penalties. If you often exceed mileage limits or require modifications, consider purchasing instead. 10,000 to 15,000 miles per year). Understanding your usage needs is pivotal.

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Shawn Ryder

JANUARY 24, 2025

No Mileage Limits : Unlike leasing, financing does not impose mileage restrictions. Mileage Fees : Leasing contracts typically come with mileage limits, and exceeding these can result in significant extra charges. This is beneficial if you have a long commute or enjoy road trips.

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Auto Express

FEBRUARY 1, 2024

The hugely practical hatchback is bundled with a generous 8,000-mile annual mileage limit to become our Car Deal of the Day for 1 February

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Shawn Ryder

JANUARY 19, 2024

This contract usually states how long you can use the car (lease term), how many miles you’re allowed to drive it each year (mileage limit), and the monthly payment amount you need to make. If you go over this limit, you may have to pay extra fees. When you lease a vehicle, you sign a contract with the dealership.

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Car Examer

SEPTEMBER 2, 2024

Book inspection Hyundai 5-Year Unlimited Mileage Warranty Hyundai’s 5-Year Unlimited Mileage Warranty is one of the best in the industry, offering extensive coverage for your vehicle during the first five years of ownership. Terms and conditions Coverage Duration: 5 years with no mileage cap.

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Your Car Buying Advocate

DECEMBER 5, 2023

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. Exceeding these limits can result in additional fees.

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Shawn Ryder

JANUARY 20, 2025

No Additional Costs : Buying the car means avoiding additional charges for excessive wear and tear or exceeding mileage limits often associated with lease returns. If you consistently exceed your lease mileage limits, a buyout might save you from penalties. Ensure you have sufficient savings for any potential buyout fees.

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Car Examer

OCTOBER 19, 2024

No restrictions : You won’t have any mileage limits or conditions to worry about. Mileage limits : PCP often comes with mileage restrictions, and going over can lead to extra fees. Why You Might Choose a Personal Loan: You own the car right away : With a personal loan, the car is yours from the start.

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Shawn Ryder

JANUARY 21, 2025

Mileage Limit: Leases typically include a mileage limit (commonly 12,000 to 15,000 miles per year). Exceeding this limit may result in significant penalties. A car lease is essentially a long-term rental agreement where you pay for the vehicle’s depreciation instead of its total value.

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Automotive Addicts

APRIL 24, 2024

Limited mileage: Lease takeovers often have mileage limits, and exceeding these limits can result in additional charges. Consider factors such as the monthly financial commitment, the vehicle condition you’re taking over, and any mileage limitations that may impact your usage.

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Auto Express

MARCH 5, 2024

Our Car Deal of the Day for 5 March is the debonair Peugeot 308 with a plentiful mileage limit

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Autocar

MAY 16, 2024

initial payment and a mileage limit of 5000 per year, over two years. Leasing deal aggregator Leaseloco.com also reveals significant savings on electric cars if you’re willing to sacrifice the chance to own your car at the end of your contract. At the time of writing, the Vauxhall Mokka Electric can be leased from £175.53

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Autocar

MARCH 8, 2024

Given the sheer pleasure of enjoying this £80,000 car for a few days with no mileage limit, I don’t think that’s bad – certainly better value than an ‘experience’ gift involving a few laps of a race track, and if split between people enjoying a break together, better value still.

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Car Examer

JANUARY 1, 2024

Understanding the age criteria, historic vehicle status, and mileage limitations, along with considering the associated benefits and responsibilities, ensures that classic car owners can enjoy their prized possessions while adhering to legal requirements.

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Shawn Ryder

JANUARY 23, 2025

Cons of Leasing a 2024 Toyota RAV4 However, there are also drawbacks to consider: Ownership Limitations: At the end of the lease, you have to return the vehicle, meaning you wont own an asset.

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Car Examer

SEPTEMBER 2, 2024

Coverage: 5 years or 60,000 miles, with no mileage limitation for the first year. GR Yaris Track Usage Warranty For those who enjoy pushing their Toyota GR Yaris to its limits on track days, Toyota’s standard warranty does not exclude coverage for such events.

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CarExpert

MAY 3, 2024

With that said, the mileage limit still applies, so any kilometres clocked by the dealer are counted towards the limit. Buying an ex-demonstrator car also limits buyer choice when it comes to specification.

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Car Examer

FEBRUARY 25, 2024

Considerations and Potential Drawbacks: Mileage Restrictions: Lease agreements typically include mileage limits. Exceeding these limits can result in additional charges, so it’s essential to assess one’s driving habits.

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Shawn Ryder

JANUARY 28, 2025

Bye-Bye Mileage and Wear Penalties Many lease agreements impose penalties for exceeding mileage limits or for excessive wear and tear. If the market value is significantly lower than the residual value, negotiating a buyout can save you considerable money.

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Shawn Ryder

JANUARY 26, 2025

Excess Mileage or Wear Fees: Evaluate if youve exceeded the mileage limit or if theres any damage to the vehicle, as this may influence your decision. Residual Value: This is the predetermined buyout price of your vehicle at the end of the lease. What Happens if You Exceed Your Lease End Date?

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Shawn Ryder

JANUARY 13, 2024

Leasing Leasing allows customers to use a vehicle for a specified period and mileage limit by making monthly payments, similar to renting. Car sales professionals should be skilled in identifying opportunities to upsell while ensuring that the added features align with the customer’s needs and preferences.

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Car Examer

SEPTEMBER 11, 2024

New car warranties usually last for a specific time or mileage limit —whichever comes first. 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.

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Drive.com

MAY 21, 2024

Depending on where you live, specific mileage limits could also be an important feature when looking at the overall cost of a used car. “We expect it to be several years before EVs begin to be a significant part of the used car market,” they added.

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Shawn Ryder

JANUARY 17, 2025

Mileage Limitations Leased vehicles often come with mileage restrictions (commonly 10,000-15,000 miles per year): Overage Fees: Exceeding the allowed mileage can result in expensive penalties, which could negate the cost benefits of leasing.

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CarExpert

FEBRUARY 12, 2025

BMW Service Inclusive Basic offers prepaid service packages for the iX1 and iX2 covering the first six years with no mileage limit, and includes annual vehicle checks, brake fluid checks and more for $2200, or an average of $336 per scheduled service.

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CarExpert

JUNE 2, 2024

Ford Australia hasn’t confirmed servicing intervals or pricing, though Ford of Europe has two-year servicing intervals for the E-Transit Custom – with no mileage limit – and claims it’s 40 per cent cheaper to run than a diesel model.

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Car Examer

FEBRUARY 22, 2025

Hyundai Tucson 5 Years / Unlimited Miles If you want a midsize SUV with loads of features and zero mileage limits , the Hyundai Tucson is one of the best options out there.

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