

Leasing a new car should be a carefree and 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. Â You either repair them, or you pay the
leasing company to perform the repairs. Â You may lose part of your
security deposit, all of it, or maybe even more. Â Why worry about things
that can happen to almost any car?
The optional Leased Vehicle Excess Wear & Tear Plan
may waive up to $7,500 of the cost of repairing covered parts,
including dents, dings, scratches, and wear and tear on your vehicle at
lease-end. Â You must turn in your vehicle at any time prior to or within
one year after the scheduled maturity date stated on your contract and
you must not exercise the purchase option.