If you go over your mileage allowance which was agreed at the start of the lease, you will be subject to additional charges which will be calculated on a pence-per-mile basis. These charges will compensate the leasing company for any additional wear and tear on the vehicle and the lower resale value of the car – based on the higher level of mileage taken. To avoid extra mileage charges, make sure that you make estimates of the anticipated mileage as accurately as possible and if you think that you might go over the allowance, try to negotiate for a higher limit at the start of the lease. Some financial providers may give you an option for adjusting the limit during the term of the lease, but not all will so it is worth finding out what all of your options are at the outset. For accurate and up-to-date information, chat
with one of our expert team to discuss your mileage options.