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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 amount of the monthly payments will depend on the factors listed above and your credit score.

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Excess mileage charges on car lease deals: what are they and how do you avoid them?

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Exceed the agreed mileage limit on a car lease and you could end up paying an excess mileage charge

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Excess Mileage Charges on a Lease Car: How to Avoid Them

Car Examer

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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The Ultimate Car Buying Guide for 2024: Tips on Choosing the Right Vehicle, Understanding Financing Options, and Navigating Dealership Negotiations

Shawn Ryder

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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Lease vs. Buy: Making the Right Choice for Your Next Vehicle

Shawn Ryder

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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Personal Contract Hire (PCH) – Ultimate Guide

Car Examer

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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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.