EXCESS WEAR & USE PROTECTION PLAN
When it comes to the end of the lease, you will have to decide what type of vehicle you want to lease next, and whether to choose Autumn Shimmer or Nightfall Mica. Thanks to the Excess Wear & Use Protection Plan, you can focus on those things and not on how to pay for dents and damaged tires upon turning in your leased vehicle.
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At the end of your lease, you will be covered under the Excess Wear & Use Protection for each eligible event valued at $2,000 or less, plus each qualified missing part or equipment valued at $250 or less, and up to $7,500 in total excess wear and use charges.
With the purchase of Excess Wear & Use Protection, you will be prepared for potential eligible damages at the end of your agreement, such as damaged tires, rims or hubcaps, broken or scratched windows, interior cuts, burns or stains, damaged bumpers as well as body dents and scratches. This policy will also cover missing parts or equipment.Â
With Excess Wear & Use Protection, there are no claims to submit, no deductibles to pay, and no reimbursements to request.
Please note that the Excess Wear & Use Protection is optional, cancelable (see terms of Agreement) and is not a requirement to obtain credit. Excess Wear & Use is only available at the dealership when you lease your new Lexus with Lexus Financial Services. Under certain circumstances, Lexus Financial Services does not charge its lease customers for excess wear and use damage. The information provided is an overview of the Excess Wear & Use Protection Plan. Coverage is subject to exclusions and limitations outlined in the Excess Wear & Use Lease Addendum This information is subject to change at any time without notice.
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Disclaimer:
[1]Plan does not cover excess mileage. The plan is only available on leases through participating Lexus dealers and Lexus Financial Services based on approved credit. Please see your Excess Wear & Use Lease Addendum for full details on terms, limitations, and exclusions. Contact your dealer, Lexus of Woodland Hills for pricing and details. [2]Lexus Financial Services Lease and Excess Wear & Use Protection are available through participating Lexus dealers and Lexus Financial Services. Lexus Financial Services is a division of Toyota Motor Credit Corporation (TMCC) and a service mark of Toyota Motor Insurance Services, Inc, and its subsidiaries. TMCC is the authorized attorney-in-fact and servicer for Toyota Lease Trust. [3] The plan does not waive excess mileage.