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Excess mileage

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  • Excess mileage

    I have VT my HP agreement as I’m halfway through. In my mileage section it says
    if this agreeement terminates early we will reduce the MaximimTotal Mileage in the proportion which the actual period of hire bears to the period of hire originally agreed. Any excess mileage will be recalculated using that reduced Maximum Total mileage.

    so my letter from the finance company is telling me what mileage I should have covered and that I will have to pay excess mileage if I am over this.

    I have read a lot of posts in this topic but fear that this clause covers the finance company to recoup that money or does it?
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