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Understanding Mileage Limits and Excess Fees in Car Rentals and Leases

"Navigating the complexities of vehicle agreements requires a keen eye for the fine print, specifically regarding how far you can drive without incurring additional costs. Mileage limits and their associated fees represent a significant portion of the revenue model for rental agencies and leasing companies. These restrictions are primarily designed to manage the depreciation of the vehicle asset. Every mile driven reduces the resale value of a car, increases the frequency of required maintenance, and moves the vehicle closer to the end of its manufacturer warranty. For the consumer, understanding these limits is the difference between a budget..."

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