Mileage Agreements in Operational Lease

Realistic Estimation

Review your travel from the past year: commuting, client visits, and private use. Underestimating leads to an additional charge, while overestimating results in an unnecessarily high monthly fee.

What happens if there are mileage discrepancies?

If the agreed mileage is exceeded, an additional charge per kilometre is typically applied, often referred to as an 'excess mileage charge'. If fewer kilometres are driven than agreed, there may be a refund or a 'reduced mileage charge'. The exact rates and settlement methods vary per leasing company and per contract. Always check the specific clauses in your lease agreement for details on mileage reconciliation.

Can I adjust my mileage agreement during the contract term?

Adjusting the mileage agreement usually involves a contract amendment, which can affect the monthly lease rate. If the mileage is increased, the rate will typically rise, while a reduction may lead to a decrease in monthly costs. Contact your leasing company promptly to discuss the possibilities and conditions for an interim adjustment and to find a suitable solution.

Frequently asked questions