P - PPM

Monday, June 05, 2006

Pence per mile - usually listed on any lease agreement where you agree to a set amount of mileage. A PPM rate will be set for any mielage you complete over the agreed distance.

For whatcar.com's guide to contract hire and leasing click here



Glossary

Want to know the difference between your APRs and your PCPs? Our Glossary will guide you through the minefield of car-buying terms.