The annual mileage options are 7,500, 10,000, 12,000, 15,000, or 18,000, in addition to the current mileage on the odometer when financed. For example, if the borrower selects the annual mileage option of 15,000 and is in a four-year loan term, they may not accumulate more than 60,000 additional miles without incurring an excess mileage fee.

If the borrower exceeds the elected mileage allowance, he/she will be charged $.10 for each mile in excess of 60,000 miles if they elect to surrender their vehicle to AFG via the “walk-away” option at loan maturity. If the borrower elects to trade, refinance, sell or pay off the loan, over mileage fees are not applicable.