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Excess Mileage

Often expressed as PPM (Pence Per Mile), some types of finance agreements include excess mileage charges. This charge will normally apply if your vehicle should exceed the mileage allowed for your particular contract. In most instances, you will only be charged the ppm figure located on your legal agreement, however in some circumstances, once a pre-determined excess mileage has been reached, you may incur charges at a higher rate for any additional miles over that figure. For more details regarding excess mileage charges, you should always refer to the agreement you have signed.