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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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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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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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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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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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Lease vs. Buy: Understanding Your Car Financing Options

Shawn Ryder

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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Car Deal of the Day: Skoda Octavia is a lot of car for under £200 a month

Auto Express

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