article thumbnail

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.

article thumbnail

What is a Used Car Warranty

Car Examer

A used car warranty offers peace of mind and financial protection for buyers of pre-owned vehicles, covering the cost of certain repairs and maintenance after the manufacturer’s original warranty expires. It covers the repair or replacement of specific vehicle components that may fail due to defects in materials or workmanship.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Lease vs. Buy: Understanding Your Car Financing Options

Shawn Ryder

Warranty Coverage: Leased vehicles are typically under the manufacturer’s warranty, reducing the worry about major repair costs. Limitations: Leases come with mileage limits and may incur charges for excess wear and tear. This can be restrictive if you drive a lot or prefer to customize your car.

Finance 52
article thumbnail

Understanding the Hyundai 5-Year Warranty and How Long it Runs

Car Examer

Unlike many other manufacturers that impose mileage limits on their warranties, Hyundai provides unlimited mileage coverage, allowing you to drive as much as you need without worrying about exceeding warranty limits. Terms and conditions Coverage Duration: 5 years with no mileage cap.

article thumbnail

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.

article thumbnail

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.