Your mileage is a key component to the Guaranteed Future Value (GFV) or Residual Value (RV) of your vehicle, (the amount your car is deemed to be worth at the end of your agreement). Exceeding your mileage limit will impact the GFV of the vehicle and this will normally result in an additional charge (known as excess mileage). But don’t worry – while your mileage is agreed at the start of your agreement, it can normally be renegotiated with the lender during the agreement.