There are a few details we need before your van leasing application can be finalised and your estimated annual mileage is one of these.
We’ve had a few customers ask recently why we need to know their annual mileage in advance so here’s our guide
Why mileage matters
When you sign up for a van lease part of the agreement is a statement of how many miles you expect to drive per year.
This maybe 10,000, 20,000, 30,000..... or whatever you expect it to be. It’s a good idea to be as accurate as you can because if you underestimate it there will be an amount to pay at the end of the contract.
What happens if I do exceed my contracted mileage?
In the agreement excess mileage will be stated as a 'x' pence per mile and is typically around 10 pence per mile.
If you were to do 2,000 miles over the agreement, there would be 2000 x 10p = £200 to pay.
It’s done like this because the amount you pay per month is based on the value of the van at the end of your contract, and if you do more miles than expected the van will be worth that much less.
Take a look at our current van leasing deals here.