Common use of Excess Mileage Deduction Clause in Contracts

Excess Mileage Deduction. You have estimated in the Schedule the maximum estimated kilometres that the Vehicle will be driven before the Due Date (Maximum Estimated Kilometres). The Excess Mileage Deduction used to calculate the Sale Price is calculated as follows: A = Number of kilometres driven in excess of the Maximum Estimated Kilometres as at the date of our initial inspection of the Vehicle’s condition. does not exceed 15,000 kilometres 12 cents 15,001 to 25,000 kilometres 14 cents exceeds 25,001 kilometres 18 cents B = The amount per kilometer as specified in the below table

Excess Mileage Deduction. You have estimated in the Schedule the maximum estimated kilometres that the Vehicle will be driven before the Due Date (Maximum Estimated Kilometres). The Excess Mileage Deduction used to calculate the Sale Price is calculated as follows: A = Number of kilometres driven in excess of the Maximum Estimated Kilometres as at the date of our initial inspection of the Vehicle’s condition. B = The amount per kilometer as specified in the below table does not exceed 15,000 kilometres 12 cents 15,001 to 25,000 kilometres 14 cents exceeds 25,001 kilometres 18 cents B = The amount per kilometer as specified in the below tablecents