Is there a mileage limitation with Financial Lease?
No, there is no mileage limitation with Financial Lease.
One of the advantages of Financial Lease is that you have the freedom to use the vehicle as best suits your business activities. This means you don't have to worry about exceeding a predetermined mileage limit, unlike some other forms of lease.
A Financial Lease is mileage-free. This means that you are not tied to a number of kilometres per year. The reason for this is that you become the owner of the car after the contract, so you bear the residual value risk of the car and its use.
With Financial Lease, you are direct economic owner of the vehicle, which means you have full control over its use and mileage. You can use the car for both long-distance trips and short journeys, without additional costs or restrictions imposed by a mileage limit.
The absence of a mileage limitation makes Financial Lease a flexible option that suits the needs of many businesses well. You can use the vehicle as you see fit, whether for business travel, commuting, deliveries or whatever your business requires.
Want more information about Financial Lease or have specific questions about your situation? Feel free to contact us, we are ready to help.