The mileage allowance you choose for your personal car or business van lease must be realistic. You have complete control over what mileage limit you set on your vehicle lease. Your funder cannot impose a specific allowance on you.
Suppose you are confident that your driving needs won't change from the previous year. If so, you might want to check your past MOT certificates to get a good idea of the mileage allowance that you will need. Or, you can figure out how many miles you travel in a typical month and multiply it by 12.
For best results, we recommend averaging your mileage over the course of a year. For example, you may use your vehicle more in winter when it's cold, but less in summer when you walk more or go on holidays abroad. Keep these in mind so your estimation is as accurate as possible.
Choosing the correct mileage on a van leasing deal for a growing business can be challenging though. What happens if your mileage requirements change during the lease term? Click below to find out.
AMENDING MILEAGE ALLOWANCE
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