I notice that Alfa Romeo Preferenza includes a fixed mileage. What happens if I exceed my agreed limit?
If you choose to hand your vehicle back there will be an excess mileage penalty to pay if you significantly exceed your agreed annual mileage. It is calculated on a pence-per-mile basis, and this figure will be shown on your finance quotation. When deciding your fixed mileage figure, it’s a shrewd idea to overestimate slightly for total peace of mind. If you do not cover as many miles as you estimated, your vehicle will be worth more, and you will have a greater chance of equity at the end of the agreement.
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