This calculator helps you estimate excess mileage charges on lease cars, PCP finance agreements, or rental vehicles.
Excess mileage happens when you drive more miles than your contract allows during the agreement period.
Most finance or lease companies charge a fixed fee for every mile over the agreed mileage limit.
If your agreement allows 30,000 miles and you drive 35,000 miles with a 10p charge per mile, you would pay:
5,000 × £0.10 = £500
Always check your finance agreement for the exact excess mileage rate because charges vary between providers.
Car lease and finance agreements usually include a mileage allowance. Going over this limit may reduce the vehicle’s resale value, which is why lenders apply excess mileage fees.
Most lease contracts include annual mileage limits with charges for exceeding them.
Personal Contract Purchase agreements often apply mileage penalties if the car exceeds the agreed limit.
Charges usually range from 5p to 30p per mile depending on the vehicle and contract.
Higher mileage reduces vehicle value and increases wear and tear.
Monitor your mileage regularly and request a contract adjustment if needed.
Usually yes, especially if you return the vehicle at the end of the agreement.