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.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CAR & MONEY NEWSLETTER

Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.

advertisement
Partner Center
advertisement

Blog

Tara Baukus Mello

Car buyers trade hybrids for SUVs

Car buyers are trading in their hybrids and electric cars for more gas-guzzling vehicles at a faster pace than ever before.  ... Read more


Connect with us