Worry Free

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 the kinds of things that happen to almost any car?

Lease Vehicle Excess Wear & Tear may waive up to $7,500 of the cost of repairing all the covered parts including dents, dings, scratches, and wear and tear on your vehicle at lease-end, if you turn in your vehicle at any time prior to or within one year after the original scheduled maturity date and do not exercise the purchase option.

Top five repairs typically charged as excess wear and tear are:

•  Tires: $75-$200 per tire, depending on tire size
•  Glass: $20-$25 to repair a chip, to over $200 to replace a window
•  Exterior dings, dents: $45-$135 per ding or dent
•  Paint chips, cracks: $35-$70 per chip or crack
•  Upholstery rips, tears, burns: $35-$150 depending on fabric type