A per mile rate, established by the Lessor, for all mileage in excess of the mileage allowance included in the lease agreement.
This is a charge based on miles driven over the amount contracted in the lease agreement on return of the vehicle, the amount is calculated by taking the excess mileage rate of the vehicle and multiplying it by the number of miles covered over the above contracted miles agreed.
A charge by the lessor (BMW Financial Services) for miles driven in excess of the maximum specified in the lease agreement. For all 7Series BMW vehicles, the excess mileage charge is $0.25 per mile. For all other BMW vehicles it is $0.20 per mile.
Assessed for mileage in excess of the maximum specified in the lease agreement.
A charge per mile when driven over the mileage amount stipulated in the lease contract.
The fee charged for each mile in excess of the predetermined mileage limit. This is part of the lease agreement. Charges vary and are based on the vehicle. They can range from $0.10 to $0.25 per mile.
Fee assessed lessee or purchaser for every mile driven above the maximum mileage allowance stated in the lease agreement or retail installment sale contract. This fee is charged only if the leased vehicle is not purchased at end of term or if a vehicle financed under the Diamond Advantage Plan is sold back to MMCA at contract maturity.
The fee charged for exceeding the predetermined mileage limit. This is usually set at between 20-24,000 km per year.
A charge by the lessor (Land Rover Financial Services) for miles driven in excess of the maximum specified in the lease agreement. For all Land Rover Financial Services leases, the extra mileage charge is $.20 per mile.
Leases generally contain a mileage limitation to prevent excess mileage from being driven, and therefore, excess depreciation of the vehicle. A set mileage allowance is usually stipulated in the lease agreement. If this limit is exceeded, the lessee is charged for each mile driven exceeding the allowable mileage, as specified in the lease. However, if at lease inception you feel you will be driving more then is set forth in the lease, you can add the anticipated excess mileage to your lease to be paid as part of your monthly payment.
Some leases charge from 10 to 20 cents a mile for any miles over the agreed amount in the contract. For example, .10 x 10,000 miles over the allowable miles = $1,000 due at the end of the lease. Check for a "per mile charge" in writing and be realistic about your mileage before you sign the contract. The contract allows for a standard amount of miles, but you do have the option to purchase additional miles. You may want to consider padding the miles that you expect to use since it is less expensive to contract for the additional miles before the contract is signed, than to pay a charge that is calculated per mile after the lease is terminated. Determine the amount that you will be charged over the mileage that you have agreed to in the contract.
A charge per mile for miles driven over the amount contracted in the lease. This charge may vary not only by lessor, but also by the amount of miles contracted per lessee.
A charge assessed at lease end for every mile driven over the mileage allowance specified in the lease contract. This charge varies by leasing company and may vary depending on the size of the original mileage allowance.
The fee charged for exceeding the predetermined mileage cap, usually set at 15,000 miles per year.
A charge by the lessor for miles driven in excess of the maximum specified in the lease agreement. The excess mileage charge is usually between $0.10 and $0.25 per mile. For example, a lease specifies a maximum of 36,000 miles and a charge of $0.15 per mile over the maximum. If the lessee drives 37,000 miles, the excess mileage charge will be $0.15 x 1,000, or $150.
The fee charged for each mile in excess of the predetermined mileage limit, as set forth in the lease agreement. The excess mileage charge varies depending on the type of vehicle, and is typically between 10 cents and 25 cents per mile.
