auto

What is a mileage charge?

 

What is a mileage charge?

The Bankrate.com financial term of the day is: "Mileage Charge"

A leased car is not a good choice if you enjoy cross-country road trips, namely because of something called a mileage charge. Leases tend to come with mileage limits, typically 12,000 to 15,000 miles per year. Drive a leased car in excess of the limit, and you'll have to pay a mileage charge for each mile you go over.

A mileage charge hits you when you lease a car and keep it on the road too much.

For all you need to get yourself rolling in a new set of wheels, visit the Auto section at Bankrate.com.

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