The Car and Truck Fleet and Leasing Management Magazine

Kilometer Lease

The name given in Germany and Austria to closed end leases where the lessor is responsible for depreciation and maintenance. The lessee’s only obligation would be charges for excess kilometers beyond the contractually allowed maximum. In some instances, mileage balancing for a fleet is allowed whereby credits for end of contract vehicles with total kilometers below the maximum can offset some or all charges for vehicles with excess kilometers.

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