The amount fleet operators are paying in end-of contract excess mileage charges for cars has risen significantly for the second consecutive year.
This year’s FN50 research has found the average charge for defleeted company cars is £449, 19% higher than last year, which itself was 17% higher than in 2018. The 2018 figure was a record low of £324.
There remains a huge disparity in the size of the average charges reported by individual leasing companies and these range from as little as £20 to £900. The extremes highlighted in last year’s FN50 were £28 and £1,182.