Mileage limit on cars on finance?
I've got a ford car on finance and I'm allowed to drive up to 12,000 miles per year, if I go over then I get charged 6p per mile. They have told me I do not have to have my
Update: I'm not renting it. It might be different in america, but this car is
You have a lease car not finance. The car will go back at the end or you will pay a fee to keep it.
The car is theirs and if you do more than 12.000 miles it reduces the value of the car and increases the maintenance costs.
Make sure you check what you signed up to.
Do you have the car on Ford options?
If so then it only become an issue if you hand the car back after 3 years. They will check the mileage and charge you six pence a mile at the end of the agreement.
If you agree to buy the car you just pay the amount outstanding or if you part exchange the car they just give you the value at whatever mileage is on the car.***:D
You are only limited when you lease. Not when you buy/finance.
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