Not done it with tesla yet, but from previous experience. ” PCP deals offer cars for small monthly payments. 3; L 22. Funds are sent direct to your bank account. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. PCP differs mostly to PCH, as PCH is simply a. E81 / E82 / E87 / E88Model Year: 2004 - 2011. In this case, in terms of tax only, Jane would be better off going for the car allowance, since the income tax works out lower than her income tax + BIK with the company car. Pay the final payment. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. The finance company were really easy to deal with (Renault) they arranged to have the car inspected and collected. If there is a sale on miles and you have an award you would like to book, it may be the right move for you. ReviewsIO 4. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23. PDF, 1010 KB Last Updated: 06/13/2023. 1. So for example if your agreed mileage was 10K per annum over a 4 year PCP and you handed the car back having done 20K miles per annum, you would have to pay 40,000 x 7p = £2,800. Buy the car at the end of the period - doesn't apply. 2. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22. To qualify for the Volvo Limited-Time Special, you must: (1) be a current Costco member on or before October 31, 2023; (2) register with Costco Auto Program online or through its call center to receive a certificate with your unique promotion code; (3) present. Cost of finance: £14,934. E81 / E82 / E87 / E88Model Year: 2004 - 2011. Be at least 25 years old. G42Model Year: 2021 +. E81 / E82 / E87 / E88Model Year: 2004 - 2011. The change could radically reduce the MPGe figures for most EVs. Your PCP is responsible for dealing with the majority of your routine healthcare issues, and for coordinating care with specialists you may need to see. schulbert. The IRS places the burden of proof on the tax filer to prove that. Each scenario paid $600 in car interest, $200 in personal property tax, and $350 in parking and tolls to isolate the mileage deduction amount. 2. Hello all, first time post, looking for a bit of advice. Circa 10K over 2 years :eek::facepalm: Makes the sub 6K paid from 5 years ago seem like 50 years ago. Brian Kelly, the founder of a website called The Points Guy, had both — plus a few million unused frequent-flier miles. Loophole. With our subscription, you make fixed monthly payments to drive a Volvo of your choice, with no advance payment. You can sometimes save yourself money by reducing the contract mileage on a lease of PCP midway through the agreement. We will calculate your payments, total costs, total interest charged and provide a schedule of payments detailing each month of the contract. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. A primary care provider (PCP) is considered your main medical provider. Because mileage impacts value so much, the penalty fees for exceeding annual allowance are high at around 10 pence for every mile beyond the agreed limit. It is called a Voluntary Termination, though anyone who deploys it runs the risk of black marks on their. Car dealers tempt punters with low monthly payments based on strict mileage. Personal contract purchase (PCP) is a vehicle finance agreement available to individuals (i. E81 / E82 / E87 / E88Model Year: 2004 - 2011. Total Mileage (km) Not required, but will give a more accurate estimate. PCP splits the price of the car into affordable chunks; a deposit, monthly payments, and an optional final payment. . Contact the finance company and ask for a settlement figure. So as an example of a £20,000 PCP car finance deal, on a car estimated to be worth £10,000 after 3 years: Your Deposit: Paying 10% of the value will mean a £2,000 deposit before any manufacturer contribution. Offer available on purchase of a new Kia Sportage in the United Kingdom between 02. PCP mileage increasr. 2023 and 13. It is a car finance package that has lower monthly payments over three years compared to a Hire Purchase contract over the same period. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23. BMW Finance - PCP Extending Mileage. E81 / E82 / E87 / E88Model Year: 2004 - 2011. 2. Car Allowance: £6,000. I’m. Generally, a longer contract results in lower monthly payments as the cost is spread. The average cost of a new EV in September was $50,683, according to Kelley Blue Book. Here, we look at the differences between the two. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22. I'm just over one year in and I've done 21,000 miles. Random figures to illustrate: 10,000 Private miles. Bimmerpost ☰ Model Selection. Because I wasn’t sure what the excess mileage may be or the pence per mile cost. Personal contract purchase (PCP) is the most popular way of buying a new car; more than 80% of them are purchased using this form of finance, and it's becoming. A PCP agreement is a popular type of car financing as they typically offer lower monthly payments, making newer and more expensive cars feel more. Our advice guide helps you get the highest price for your trade-in car when the PCP finance agreement comes to an end. Most of that extra mileage was unexpected and very long trips for work and a couple of times I had to see family (funerals). Mileage restrictions can depend on the type of car finance you choose. 58 per mile you drive a vehicle for business purposes but only $0. BMW Finance - PCP Extending Mileage. 2. 2. It effectively works as a long-term rental, meaning you'll be able to drive the car until the contract ends. Taking advantage of this HSA loophole does come with some additional tax burdens and special circumstances to keep in mind. Two of the most popular options are Personal Contract Purchase (PCP) and Personal Contract Hire (PCH). G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23. Forumite. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23. E81 / E82 / E87 / E88Model Year: 2004 - 2011. Any deal charging over 10p per mile should be. Here, we look at the pros and cons of personal contract purchase (PCP) schemes. Known as Personal Contract Purchase, PCP is a type of loan that allows you to purchase a car. This is because you only pay the expected depreciation on the car. A 17” touchscreen with left-right tilt offers 2200 x 1300 resolution, true colors and exceptional responsiveness for gaming, movies and more. BMW Finance - PCP Extending Mileage. When flying on United-marketed and operated tickets, you earn MileagePlus miles based on your ticket's price minus taxes rather than the distance you fly. Sign in to your Tesla Account. Get a valuation on the car, if it’s more than the final balloon payment you have to make (sometimes referred to as Minimum Guaranteed Future Value) then happy days. The carrier’s Excursionist Perk is designed for round-trip international award redemptions. Ford has supplied finance quotes for a Ford Focus 1. 9%. Login to myvwfinance to manage your Volkswagen finance agreement today. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. Total Income Tax Owed: £21,394. We can estimate your GMFV/Balloon or you can enter your own value to check the value of the. How much is the excess charge per mile on your contract. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. ’. You can use the money for other purchases than just your new car. MPGe Numbers Could Fall Dramatically. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22. It's cost you £83 a month at that rate. I love you! You're my. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23. motorguy Forumite Posts: 22,370. PCP (Personal Contract Plan) is a flexible Hire Purchase agreement that enables you to have a reduced monthly payment thanks to a Guaranteed Minimum Future Value (GMFV) for your car in 2 or 3 years’ time. With that light truck classification comes the benefit of less-strict mileage standards. Finance companies like to advertise PCPs as being “flexible”. Phone: 505-923-5200 or 1-888-977-2333. ” PCP deals offer cars for small monthly payments. G42Model Year: 2021 + E81 / E82 / E87 / E88Model Year: 2004 - 2011. 1. Bimmerpost ☰ Model Selection. ). 2. G42Model Year: 2021 + E81 / E82 / E87 / E88Model Year: 2004 - 2011. Our rates start from 6. Other finance offers may be available but cannot be used in conjunction. One quote is for Ford’s PCP product, called Options, the other is for Acquire, Ford’s name for HP. 2. Essentially, it gives fliers an additional one-way segment built into the trip free of charge. Ownership. Select Tesla as your financier and confirm your preferred amount due at signing, monthly payment, preferred lease term and annual mileage. 1. Visit your nearest Volkswagen retailer in Boswells & Dumfries. There are numerous ways to avoid paying for auto insurance. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. About the BMW M2. Remove the filter. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23. Use our PCP (Personal Contract Purchase) calculator to get a full breakdown of your PCP deal. 51 per month), and won’t have to part with close to £5k as a deposit. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. PCP is a Personal Contract Plan which is a form of hire purchase agreement. BMW Finance - PCP Extending Mileage. Select Tesla as your financier and confirm your preferred amount due at signing, monthly payment, preferred lease term and annual mileage. Personal contract purchase advantages. Due to its structure, the loan amount is much smaller than other options meaning you can spread the cost into more affordable monthly payments. The IRS places the burden of proof on the tax filer to prove that:PCP differs from HP in the following ways: Lower regular payments: Your regular monthly repayments will be lower than with HP for the same car with the same interest rate. 2. 24801 Pinebrook Rd. The SUV loophole dates to when trucks were mostly work vehicles. > Physical exterior damage. Excess mileage charge: 12,000 miles x £0. Hello one and all :) Can you set me straight please? I have an 18 plate ZE40 that I today decided I would like to keep - therefore I am going to ignore the PCP mileage and I've put my lease to £110 as we plan to use the car a lot ( so much so I have dedicated laptop holder and 240V electric. 1. EPA aiming to tighten fuel-economy standards, new vehicle definitions unlikely. Remember your PCP mileage agreement and your RCI mileage agreement are not the same thing. My commute only accounts for 4,000 miles of my annual mileage. Mileage and PCP discrepancy April 15, 2021 Case Studies Vehicle Sales The consumer’s issue: “We purchased a four-year-old saloon in December 2015 using a. If you find you’ve only paid £8,200 – you could simply make up the additional £800 yourself, allowing you to terminate the agreement. My estimated mileage was 15,000 per year (therefore, 15,000 * 3 = 45,000 + extra months 5,000 (total 50,000 + miles)) and my payment reflected this high mileage. 2. Explanations of when and why you may need to use a form are also provided below. Optional final payment. If you were to cover 45,000 miles on a 30,000-mile contract you’d be hit with a whopping £4,200 charge. Retail Sales only. 15,000 Total miles. EPA aiming to tighten fuel-economy standards, new vehicle definitions unlikely. Bimmerpost ☰ Model Selection. 2. Who's over their PCP mileage? Bimmerpost ☰ Model Selection. The limit is set by you and your lender – such as 8,000 miles per year – and there’s usually a penalty for. PresRN: 505-923-5677 or 1-888-730-2300. 14 per mile driven for charity purposes. PCP mileage increasr. Who's over their PCP mileage? Bimmerpost ☰ Model Selection. I have a pcp but the deposit including trade in , deposit allowance and cash at the beginning was around £12 0000 and I’ve got enough in savings to finish the term. When the agreement ends, you can pay this balloon payment to complete the purchase of the car. The minimum down payment could be as low as £0. Lenders typically can charge 4p-72p per mile for excess. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22 / F23. MPGe Numbers Could Fall Dramatically. Two popular options of vehicle finance are leasing (also known as Personal Contract Hire or PCH) and Personal Contract Purchase (PCP). This is because the mileage is only checked at the end. PCP mileage increasr. Bimmerpost ☰ Model Selection. Brandon/Spillway Primary Care Plus Clinic. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. 2. 2. Price Range: $28,715 - $51,440. Conditional Sale: Payable by 60 payments of £97. This means that, when you buy the vehicle, it has to be of satisfactory quality, fit for purpose and as described. Otherwise the safest society is no society at all. HP can work out cheaper than a PCP over the lifetime of a loan because with HP you’re paying off the amount borrowed more quickly. The Drug Abuse Warning Network (DAWN) reported that PCP was most prevalent among African American males. 2. Excess mileage charge. E81 / E82 / E87 / E88Model Year: 2004 - 2011. 1. E81 / E82 / E87. HOW DOES PCP WORK? • Choose your Fiat car. 2. Email: [email protected] Primary Care - Dulles South. . 1. Model S. Excess mileage charge: 12,000 miles x £0. 10. Reuters explains, “A Volkswagen ID. peripheral coronary pressure. The EV leasing tax loophole is the best reason to lease. If you want. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. If you find you’ve only paid £8,200 – you could simply make up the additional £800 yourself, allowing you to terminate the agreement. 1. Without it, it’s highly unlikely you will get help. If you want to know more about all of our car leasing deals, please get in contact with us by emailing enquiries@selectcarleasing. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22. 2 identical cars both on 3 year pcp deals and both having 30k on the clock, 1 on an 8k a year pcp and 1 on a 12k a year pcp are both going to be worth the same come trade in. Total Income Tax Owed: £21,394. The mileage penalty only comes into effect if you hand the car back, if you trade in or buy the car at the end of the deal then I'm pretty sure the millage/condition of the car don't matter at all to FIAT as they wont be seeing the car again. Do I have to pay excess mileage charges after the Voluntary Termination of a PCP? Increasing numbers of people who’re struggling to keep up with their car finance payments are applying for Voluntary. Bimmerpost ☰ Model Selection. For assistance with all United Club Card protection benefits, please call 1-888-880-5844 or 1-804-673-1691. classified as trucks are assumed to have longer lifetime mileage than vehicles classified as cars. This can make them seem more affordable. Learn more. Fin (Ice-T) and Munch (Richard Belzer) to the apartment building that houses the crime scene. A photograph of a dead boy found in an anonymously delivered envelope leads Dets. 2. To see the full list of forms for your plan, please select your plan from the drop down list above. Comparing a PCP with a personal loan. 1. A comprehensive guide to hire purchase, PCP, contract hire and more, for anyone buying a new car on finance. Listed below are all the forms you may need as a CareSource member. At the end of a PCP agreement, you have the option to hand the. . Feb 29, 2020. PCP differs from HP in the following ways: Lower regular payments: Your regular monthly repayments will be lower than with HP for the same car with the same interest rate. I ended up driving way more miles than I agreed to on my PCP deal (on a very standard Ford Fiesta Zetec). Note that the screen always faces the engine. Sun 24 Jan 2016 at 03:30. Total. Car dealers tempt punters with low monthly payments based on strict mileage. The increase in mileage-related finance arrangements such as PCP and PCH may also be a. If you exceed the mileage the first year but travel way less the second year, you can come below the limit. 2. You’ll then be able to use the car, but remember you don’t own it yet. 00 leaving an amount of credit of £4,360. BMW Finance - PCP Extending Mileage - Page 5. Excess mileage charge on most PCP's is a reasonable 6 to 9p per mile. Your deposit can be paid in cash or, if you already own a car, you can trade it in as your deposit. 7, he found himself heading from New York. First, ignore the dirt on the leading edge of. One of these is PCP finance. If at the end the car is worth £8k, you get £2k in your pocket as the car was worth more than the GFV. Bimmerpost ☰ Model Selection. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. An anonymous tip that appears to concern child pornography instead leads the detectives at the Special Victims Unit to an apartment complex in which pesticides are being tested on children. Adult PCP (Family/General Practice; Internal Medicine; FQHC; RHC) 1:2,500 Adult Physician Extenders 1:1,000 Pediatric PCP (Pediatrics; Family/General Practice; Internal Medicine; FQHC; RHC) 1:2,500 Pediatric Physician Extenders 1:1,000 . 64. Personal Contract Purchase or ‘PCP’ is the most popular form of finance for new car buyers, but it can be tricky to understand. Mileage allowance: 20,000. #202 Chantilly VA 20152. Bimmerpost ☰ Model Selection. Refinancing at the end of a PCP agreement. Unlike PCP, you won’t usually pay interest on a lease deal as you’re not buying. Stabler ends up out of commission after a perpetrator high on PCP throws him through a window at the station, so Benson teams up with Munch and Tutuola to investigate a mysterious packet of photos. For example, in 2022, you can claim $0. Buy a 5 year old car for 10,000 and sell it 5 years later for 6,000. 0L 4cyl Turbo 8A) Mine's a Momentum T5 AWD. I have voluntarily terminated a PCP scheme after reaching the 50% stage. In people with more body fat, effects can come and go or fluctuate over a few days to months. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22. Per Month. E81 / E82 / E87 / E88Model Year: 2004 - 2011. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations. Try an insurance calculator and you'll see there can be no difference between doing 3000 and 6000 miles a year. E81 / E82 / E87 / E88Model Year: 2004 - 2011. If you have negative equity, just pay us the difference between the settlement amount and your car’s valuation. It’s flexible too – you can choose the term, while a bigger deposit can mean lower. 2015 Porsche Panamera 3. Whether the value of your car is higher or lower than what you owe, you can get a Personal Contract Purchase (PCP) or Hire Purchase (HP) agreement with fixed monthly payments. The GX5 used a 2. 4. Find out more about cookies. The mileage limit has no impact on trade. Bimmerpost ☰ Model Selection. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. m. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. 64. 2. G42Model Year: 2021 + As it happens, our mileage is likely to be something like 12K per annum, maybe 15K max, so obviously I took the 10K PCP and will pay any excess at the very reasonable 7p/mile rate. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. Even if you do 2000 excess miles at 8ppm, that only another £160 a year. 270. The monthly payments are lower than HP, so you can afford to buy a more expensive car. Get Directions See Location Details. Monthly cost: £216. So, I may have been a little silly. E81 / E82 / E87 / E88Model Year: 2004 - 2011. It is called a Voluntary Termination, though. 2 Turbo Elite Nav Auto. uk or simply call us on 0118 920 5130 and we’ll be happy to help. G42Model Year: 2021 + E81 / E82 / E87 / E88Model Year: 2004 - 2011. It allows manufacturers to sell more full-size sport utilities and pickups while still meeting the federal standards for average fuel economy. That’s the depreciation minus your deposit. Download PDFs of important documents and forms like authorization and request forms, member handbooks, newsletters and more. If you exceed the mileage limit, you’ll need to pay excess charges, which can be around. You lease the car for an agreed period of time by making fixed monthly payments. Excess mileage charge on a PCP « 1 2 » Comments. ’. 10 per mile = £1,200. Using figures of 20MPG & £5 gallon (for ease) that would equate to a total fuel spend of £3,750. G42Model Year: 2021 + E81 / E82 / E87 / E88Model Year: 2004 - 2011. Nowadays, few people buy a brand-new car outright. 7 results found in El Segundo, CA. Some brands even call their PCP offers “Flexible Finance”. 1. How much horsepower is. My guess is that it's very common for people to go over the agreed mileage based on this info I got yesterday. With that in mind, it’s vital that you be strategic when purchasing miles. 31/yr or £1,782. In April 2017 I signed up for a 40+ month PCP with BMW for a new car. More small cars could be coming — or not. PDF, 100 KB Last Updated: 07/19/2023. There was a significant increase—from an estimated 37,266 to 53,542—in PCP-related hospital visits between 2008 and 2010 (DEA, 2013). If your contract lasts longer than three years on a new car, you’ll need to factor in. Provider Network – Appointment Availability StandardsMileage limit. For an electric car emitting 0g/km CO 2 with a P11D value of £30,000, the taxable (BiK) amount for 2022/23 would be £600 (list price of £30,000 x 2% CO 2 tax band). To pay of my current credit deal (settlement fee) it would be 14. As such, there are plenty of options available for those looking to pay monthly. Hire Purchase: The calculator will work out your regular monthly payments for the entire term of the deal. PCP mileage increasr - Page 2. Bimmerpost ☰ Model Selection. Cost of credit. So a £2,000 discount on a £20,000 car means that the customer saves £2,000 but it costs the seller £2,000. G42Model Year: 2021 + F44Model Year: 2020 + Previous Generations; F22. Compare PCP deals. PCP mileage increasr. Bimmerpost ☰ Model Selection. . pentachlorophenol. 8 16v Energy Hatchback 5dr Petrol Manual Euro 5 (140 Ps) 1. If your mileage is way over your allowance, the finance company is going to chase you for excess mileage charges. . PCP mileage increasr - Page 3. YVR59, 12/01/2021. Some 86% of all new car registrations use some form of credit, with PCP arrangements. . I'm reading lots of posts online which seem to say the rental period of the battery is 3 years, so even after I hand the car. Aetna Better Health Kids is part of Aetna® and the CVS Health® family, one of our country’s leading health care organizations. The EV leasing tax loophole is the best reason to lease. 08 (24 payments) Deposit: £9,500. Updated 26 March 2021. The carrier’s Excursionist Perk is designed for round-trip international award redemptions. My commute only accounts for 4,000 miles of my annual mileage. California’s recently issued COVID-19 vaccination mandate allows students and staff to opt out for religious or ideological reasons. My Volkswagen Finance. PCP contracts tend to last two to four years, after which you have the options to buy, return or part-exchange the car and is therefore more flexible than a PCH contract. That’s a total saving of more than £7k over just four years. While a small minority are expected to leave their schools over this mandate, a key lawmaker says he may push legislation to eliminate the personal belief exemption. If this is still true, while Capital One won't forfeit your mileage balance after you die, you'll be limited to having your mileage balance converted into a statement credit without a secondary account holder. £500 towards your PCP Finance Deposit Contribution on Sportage PHEV. One thing you’d do is be able to finish the remaining payments with savings but the higher mileage reduces the value of the car and you’ve got that excess charge. Beats another chap who wants £. And look at this: The 161 CO2 grams/mi is based on the combined fleet average, with passenger cars hitting 132 grams/mi and light-duty trucks 187 grams/mi, which is even. PCP mileage increasr. 1. 1. Personal Contract Purchase (PCP) finance allows you to pay for a selection of a vehicle’s cost over a fixed term, but then settle the balance and own the car once that contract ends. Personal Contract Purchase is a popular finance solution for customers as it has flexible end of term options. You can’t say “I want a DIY culture” but also “it’s unlawful to hack my car”. Hyundai Tucson 1. The PCP is with Black Horse finance, i have about 22 months remaining and a £5000 final balloon payment if i stick with it. We take a portion of the cost of your BMW motorcycle and freeze it until the end of your finance agreement - this becomes your optional final payment and also reduces. Others are styled as more of a warning about how these charges could be a nasty sting. California’s recently issued COVID-19 vaccination mandate allows students and staff to opt out for religious or ideological reasons. PCP mileage increasr. 24,000 miles at 6p per mile is £1,440 whereas 24,000 miles at 2p per mile is 'only' £480. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. Review the price details to continue your. E81 / E82 / E87 / E88Model Year: 2004 - 2011. I'm currently looking at a new car and changing it after 3 years (once the warranty has expired). Buy a 5 year old car for 10,000 and sell it 5 years later for 6,000. F40Model Year: 2019 + Previous Generations; F20 / F21Model Year: 2012 - 2018. 30,668 miles 2020 reg Automatic Petrol. The long-term effects of PCP use include memory loss, depression, weight loss, and trouble with speaking or thinking. After a perpetrator high on PCP throws him through one of the squadroom's windows, Stabler is left temporarily out of commission and Benson must team up with Munch and Tutuola to investigate a mysterious packet containing photos of nearly naked children. 2. 1. G42Model Year: 2021 + E81 / E82 / E87 / E88Model Year: 2004 - 2011. ago. [Fin hits him with the dropped chair, knocking him out] Cupid : I want her now! Detective Elliot Stabler : Well, you raped her, so I don't think that's gonna happen. New Salary: £66,000. Cash HP from £Call. In this 4-part series, I’ll show you how to use the Excursionist Perk to get Big Travel with Small Money!. We can estimate your GMFV/Balloon or you can enter your own value to check the value of the. But if your excess mileage charge was 10 pence per mile, then you could drive an extra 6,000 miles over the duration of your contract for only £600, saving you a tasty £240. 2.