In what cases is mileage limitation applied and what should be done if the allowable mileage specified in the leasing agreement is exceeded?

Mileage limitation is applied when the asset is financed with a residual value. Before concluding a leasing transaction (Financial Leasing (FL) or Operating Lease (OL)), the residual value and mileage limitation are agreed upon and specified in the leasing agreement. In the case of Financial Leasing (FL), no penalties for mileage limitation will be applied at the end of the leasing agreement if you purchase the car yourself. In the case of Operating Lease (OL), an additional fee may be applied for exceeding the mileage limitation as specified in the agreement or agreed with the dealer to whom the car will be returned. However, it is not necessary to contact the dealer immediately; this can be done at the end of the leasing agreement when you are returning the asset.