Lease Wear & Tear2022-06-30
Provides Repair of All Minor Damages in Leased Vehicle
According to an article on the CarsDirect website, in 2020 more than 26% of vehicles on the road were leased. When those leases are up, and the cars are returned, whoever has been making payments is responsible for the interior and exterior condition of the leased vehicle. As a result, this individual will be required to pay for the slightest blemish. After all the repairs have been tabulated, the final bill could be quite shocking.
Nation Safe Drivers Lease Wear and Tear Protection
Nation Safe Drivers’ (NSD) Lease Wear and Tear Protection gives members who are leasing vehicles a little peace of mind. Those with NSD’ Lease Wear and Tear Protection have a certified NSD repair person inspect the leased vehicle before it is returned. Under the protection, the following covered items will be rectified:
- Dents, scratches, dings, and chipped paint
- Stains, burns and tears of upholstery and carpet
- Tires and wheels
- Chipped or cracked glass
- Missing parts ($100 or less)
- Door handles
- Audio equipment
- Rubber door seals
- Hood ornaments
- Belts and hoses
- Much more
Repair or Replace Vehicle – Whichever is Cheaper
Most lease agreements permit “normal wear and tear” damages without requiring additional charges. Such “normal wear and tear” could include the replacement of tires, light bulbs, and brakes. What is “normal”? Isn’t that the million-dollar question?
When it comes to your leased vehicle, “normal” lies in the eyes of the lease company. Grandma will have a different definition of “normal wear and tear” in the vehicle compared to Mad Dog McCoy. Most lease agreements will also include small minor damages, about less than ½ an inch in diameter may be considered “normal wear and tear.” Every other ding and scrape, however, will be the responsibility of the name on the lease agreement.
Today, NSD has more than 15 million new customers and more than $500 million in annual sales.
And what happens if one fails to obey the lease agreement? For example, if the lease agreement stipulates the responsibility of making replacements during scheduled maintenance intervals, failure to do so could result in fines. If the lease clearly states that oil must be changed every 3,000 miles, failure to do so will most likely result in a breach of lease agreement.
In addition, do not expect lease companies or dealerships to shop around for the cheapest repair costs. All repairs will be done in-house, at exorbitant prices. According to most lease agreements, “excessive wear and tear” will include scratches, bumper damage, sanding marks, and other damages. Stains, tears, and cracks more than ½ inch could also be considered “excessive wear and tear”.
Most lease agreements will stipulate that the person responsible for the lease is responsible for repairing or replacing the vehicle – whichever option is cheaper. As a result, at the end of a vehicle lease agreement, one might find out that the damage is so severe that they must buy the vehicle outright!
NSD Lease Wear and Tear Protection has saved countless individuals from being forced to purchase the vehicle at the end of its lease agreement. Leasing a car should be the safer and more economical alternative to car ownership. However, most lease agreements can be financially catastrophic when the vehicle is returned. NSD provides peace of mind with products that provide protection.
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You want to offer financial protection and roadside peace of mind to your clients. We’ve got the technology, the network, and the people to make it happen. Let’s work together.