The minimum mileage limit from most companies will be around 5,000 per year. It'll usually then go up in increments of 2,000 – 5,000, rising to round 20,000 miles. There are a few companies which offer much higher limits, around 70,000 miles per year, however very few will offer unlimited mileage.
What happens if you exceed mileage?
Insurers often use annual mileage to work out your car insurance price, so it's important to be as accurate as possible. Going well over your annual mileage could mean your car insurance gets invalidated.
What is an annual mileage limit?
Most leases limit the number of miles you may drive (often 12,000 or 15,000 miles per year). You can negotiate a higher mileage limit and pay a higher monthly payment. You will likely have to pay charges for exceeding the limit, if you return the vehicle.
How much is excess mileage?
Excess mileage charges vary from finance provider to finance provider but typically range from around 3p per mile to 30p per mile. As excess mileage charges vary, it is important that you check the excess mileage charges before you sign your car finance deal.
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