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Leasing a new car should be a carefree and enjoyable alternative to the responsibilities of auto ownership.
But many of the risks of driving a car – the small dents and dings that happen in parking lots, chipped paint, even worn tires – are your responsibility at lease-end. You either repair them, or you pay the leasing company to perform the repairs. You may lose part of your security deposit, all of it, or maybe even more… Why worry about things that happen to almost any car?
The optional Leased Vehicle Excess Wear & Tear Plan may waive up to $7,500 of the cost of repairing covered parts including dents, dings, scratches and wear and tear on your vehicle at lease-end. You must turn in your vehicle at any time prior to or within 1 year after the original scheduled maturity date stated on your contract and you must not exercise the purchase option.
Top Five Items Typically Charged as Excess Wear & Tear
With Leased Vehicle Excess Wear & Tear, you may not have to worry about unexpected wear and tear charges at the end of your lease. Leased Vehicle Excess Wear & Tear will help keep you driving worry-free.
Leased Vehicle Excess Wear & Tear may waive up to $7,500 for excess wear and tear repairs to the following parts:
- Exterior dents and dings
- Windshield and glass
- Headlamps, tail lamps, light bulbs
- Bumpers, step bumpers, surrounding trim
- Wheels and wheel covers
- Factory audio equipment
- Convertible, padded and vinyl tops
- Upholstery and interior
- Truck bed liners
- Rubber door seals
- Name plate badges and hood ornaments
- Door handles
- Moldings, trim, metal, chrome
- Belts and hoses
Leased Vehicle Excess Wear and Tear will not waive any charges due to improper repairs, removal of bumper stickers, signs, lettering, excess mileage charges or from other occurrences as listed in the Excess Wear and Tear Addendum. This information is only a general outline of the Leased Vehicle Excess Wear & Tear Plan. Please refer to the Leased Vehicle Excess Wear & Tear Plan Addendum for specific details.
YOU CAN BUILD THE COST OF THE PLAN INTO YOUR MONTHLY LEASE PAYMENT. IT’S A SIMPLE AND CONVENIENT WAY TO HELP KEEP YOU DRIVING YOUR LEASED VEHICLE WORRY-FREE. ASK YOUR SALESPERSON OR FINANCE MANAGER FOR LEASED VEHICLE EXCESS WEAR & TEAR, AND YOU’LL BE ON YOUR WAY TO A CAREFREE DRIVING EXPERIENCE!