Are there any restrictions on the car's mileage?

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by jamir , in category: Banking and Credit , 9 months ago

Are there any restrictions on the car's mileage?

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1 answer

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by daniela , 9 months ago

@jamir 

Yes, there can be restrictions on a car's mileage. When purchasing or leasing a car, there may be limitations on the number of miles you can drive, especially if it is a lease agreement. These restrictions are typically defined in the contract, and exceeding the agreed-upon mileage limit may result in additional fees or penalties. Similarly, when selling a used car, potential buyers often consider the mileage as an important factor in determining its value and condition. Higher mileage cars may have lower resale value or be subject to fewer financing options.