Do I need Toyota Excessive Wear Protection with my lease?
The leasing program offered by Toyota Financial Services is one of the most popular in the automotive industry for several reasons. Not the least of those reasons is because Toyota is famous for offering its customers very favorable terms. In addition to being able to always have a new Toyota car, truck or SUV in your driveway, Toyota leases almost always include scheduled maintenance (oil changes, tire rotations, etc.) as part of the program. However, there are some other things to worry about that may be out of your control. Do you need Toyota Excessive Wear Protection with your lease? Maybe. Let’s take a look at what it has to offer so you can make a more informed decision.
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What does it cover?
In order to avoid unwanted fees for when you turn in your Toyota lease, it will have to pass a lease end inspection with nothing more than standard wear-and-tear. You can do everything right and end up catching an errant rock chip in the windshield or someone could dent a door in a parking lot. The Toyota Excessive Wear Protection plan can help you avoid headaches when you turn your vehicle into Heritage Toyota when your lease is over. This plan covers:
- Each single event valued at $1,000 or less
- Missing parts or equipment valued at $200 or less
- Up to a $5,000 maximum for additional wear coverage
What kind of damage would be covered?
If you’re wondering what kind excessive wear and tear might look like, here are few examples of the kinds of things covered by the Toyota Excessive Wear Protection plan:
- Rips, burns or stains on the interior upholstery
- Excessive damage to the tires, rims or hubcaps
- Broken glass, mirrors or lights
- Damage to the bumpers or body panels
Spend more time finding your next favorite vehicle and less time worrying about paying for dents and dings with Excess Wear and Use protection. Talk to your dealer for more details. pic.twitter.com/E5HbreFT0A
— Toyota USA (@Toyota) January 26, 2018
What else should I know?
Also, it’s important to point out that the Toyota Excessive Wear Protection policy only protects you against physical damage under the qualifying criteria. It will not cover you if you happen to go over the miles allotted to you in your lease agreement. Finally, since Toyota Certified Pre-Owned Vehicles are eligible for leasing, you can also have these protections if you choose to go this route instead of leasing a new car, truck or crossover SUV.
If you have any questions along the way about leasing a Toyota vehicle or how Toyota Excessive Wear Protection can give you extra peace of mind, please stop by the Heritage Toyota showroom today.