Excess Mileage Charge
An excess mileage charge is a fee assessed to a lessee at the end of their lease agreement for exceeding the predetermined annual mileage limit. This charge compensates the lessor for the increased depreciation of the vehicle.
An excess mileage charge is a fee assessed to a lessee at the end of their lease agreement for exceeding the predetermined annual mileage limit. This charge compensates the lessor for the increased depreciation of the vehicle.