The dealer told me verbally that the charge was 1/4 cent per mile. It didn't seem unreasonable to me at the time, as I wasn't aware of market rates for excess mileage charge.
It seems suspect to me that all other amounts in the contract are prefaced with a "$", whilst the excess mileage charge...
The contract says "You may be charged for excessive wear based on our standards for normal use and for mileage in excess of 22500 miles for the term of this lease, at a rate of .25 per mile.".
I did believe the payment to be 0.25 cents per mile, as that was what the dealer told me when the car...
I will shortly be returning a leased car. A clause within the lease contract states that mileage above a certain limit will be subject to a fee “at a rate of .25 per mile”.
All other monetary amounts specified in the contract are preceded by a “$”, however the excess mileage clause does not...