What is mileage allowance?
The Bankrate.com financial term of the day is: "mileage allowance" or "mileage limitation."
You could say that a leased car is also a leashed car. A lease comes with a mileage allowance, also known as a mileage limitation, which puts a leash on the number of miles that a vehicle may be driven while it's being leased. Drive it too much, and you'll be charged a fee.
A mileage allowance, or mileage limitation, clamps down on the amount of use you can get out of a leased car.
For information on great cars and great car loan rates, visit the Auto section at Bankrate.com.