This lease protection product protects consumers from the expense of repairing excessive wear and use items upon lease termination, or more than 90 days after the lease original scheduled maturity date.
Excess Wear and Use Lease Protection was designed for your lease customers, and other short-term buyers, to protect them from the expense of repairing items upon lease termination. Since there are now more lease customers in the marketplace and these customers typically trade their vehicle prior to the expiration of the manufacturers’ warranty, this program makes more sense for them than a vehicle service contract.
With Excess Wear and Use, your lease customers drive off the lot with coverage that:
• Waives excess wear and use charges as defined in the customers finance or lease agreement
• Covers the costs of the repair or replacement of the excess wear and use item and associated labor
Additional Benefits
• Maximum benefit is $10,000
• Excess mileage fees up to $500.00
• No deductible
• Nationwide coverage
• Unlimited number of claims
• No claim forms