Lease smarter. Take control.
Avoid paying out of pocket for excess wear and use damage.
One less thing.
It's a lot more fun to be thinking about your next vehicle at the end of your lease. Thanks to Excess Wear & Use protection, you won't be worrying about how to pay for certain dents and dings when you turn in your vehicle.1
- Protection from qualifying excess wear and use charges at the end of your lease
- Excellent product features and coverage, for example torn seats, body dents, etc.
- High program limits:
- Each single event valued at $2,000
- Each missing part or equipment valued at $250
- Up to a maximum of $7,500
- A simple claim process:
- No claims to submit
- No deductibles to pay
- No reimbursement to request
WHAT YOU NEED TO KNOW
Under the terms of your Lexus Financial Services lease, you may be responsible for any wear and use damage that is considered excessive. However, the LFS Excess Wear & Use Protection Plan waives charges for qualifying damages (up to program limits) at lease-end.
The Excess Wear & Use Protection Plan is available only when you lease your new or L/Certified by Lexus vehicle and only at time of lease inception. The Lexus Financial Services Excess Wear & Use Protection Plan is not available in all states. See your Lexus dealer for more information. Plan is only available on leases through your Lexus dealer and Lexus Financial Services based on approved credit. Please see your Excess Wear & Use Protection Lease Addendum for full details on terms, limitations and exclusions. The plan must coincide with the lease agreement term, and is available for lease terms up to 60 months.
Limitations include a single event at $2,000 or less. Additional limitations may apply. For complete list of limitations please ask your dealer or refer to the Excess Wear & Use agreement you signed when purchasing the plan.
Only transferable with the reassignment of the original lease contract. The new vehicle lessee will take over your original lease contract.
You can cancel your Excess Wear & Use Protection within 30 days of purchase for a full refund, unless a claim has been submitted, or unless otherwise required by state law. To cancel 31 days or more after plan purchase, please contact your dealer or refer to your EWU agreement. You cannot reinstate your Excess Wear & Use Protection after cancellation.
Do you need some help deciding what to do at the end of your lease? Call us at 1-888-548-8821. We're here:
- Monday - Friday: 7am - 7pm Central Time
- Saturday: 8am - 1pm Central Time
Note: Excess Wear & Use Protection is optional, cancellable (see Terms of Agreement) and not required to obtain credit.
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 set forth in the Excess Wear & Use Lease Addendum. The information provided is subject to change at any time without notice.
Plan does not waive excess mileage. Plan is only available on leases originated through your Lexus dealer and Lexus Financial Services. Please see your Excess Wear & Use Lease Addendum for full details on terms, limitations and exclusions. Under certain circumstances, Lexus Financial Services does not charge its lease customers for excess wear and use damage.