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When you own a vehicle its future sale value will be impacted by the number of miles the vehicle has travelled, the higher the mileage the lower the future sales value. This principle applies in the same way when you lease a vehicle, the higher the mileage the lower the anticipated sale value. The fall in value of a vehicle is called depreciation and this is cost that is factored into your lease cost. The greater the mileage a vehicle covers over its contract period the greater the depreciation and the higher the lease cost.
